BRIAN CAROLAN - 03 Sep 2021 Form 4 Insider Report for COMMVAULT SYSTEMS INC (CVLT)

Role: VP Finance and CFO
Signature: Warren H. Mondschein, Attorney-in-Fact
Issuer symbol: CVLT
Transactions as of: 03 Sep 2021
Net transactions value: -$950,168
Form type: 4
Filing time: 07 Sep 2021, 16:23:20 UTC
Previous filing: 26 Aug 2021
Next filing: 18 Nov 2021
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CVLT	Common Stock	Options Exercise	$514,608	+11,325	+10%	$45.44	119,473	03 Sep 2021	Direct	F1
transaction	CVLT	Common Stock	Sale	$950,168	-11,325	-9.5%	$83.90	108,148	03 Sep 2021	Direct	F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	CVLT	Options to Purchase Common Stock	Options Exercise	$514,608	-11,325	-33%	$45.44	22,649	03 Sep 2021	Common Stock	11,325	$45.44	Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	All transactions shown on this form have taken place pursuant to a pre-arranged trading plan in compliance with Rule 10b5-1 of the Securities and Exchange Act of 1934.
F2	The options vested over 4 years from the date of grant, as follows: 25% on the first anniversary of the grant, quarterly thereafter for the remaining three years.