Gary Merrill - 12 Sep 2025 Form 4 Insider Report for COMMVAULT SYSTEMS INC (CVLT)

Role
Chief Commercial Officer
Signature
/s/ Danielle Abrahamsen, Attorney-in-Fact
Issuer symbol
CVLT
Transactions as of
12 Sep 2025
Net transactions value
-$2,713,649
Form type
4
Filing time
16 Sep 2025, 16:25:02 UTC
Previous filing
20 Aug 2025
Next filing
20 Nov 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Merrill Gary Chief Commercial Officer 1 COMMVAULT WAY, TINTON FALLS /s/ Danielle Abrahamsen, Attorney-in-Fact 16 Sep 2025 0001560814

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CVLT Common Stock Sale $495,714 -2,814 -3.2% $176.16 84,267 12 Sep 2025 Direct F1, F2
transaction CVLT Common Stock Sale $1,118,118 -6,295 -7.5% $177.62 77,972 12 Sep 2025 Direct F1, F3
transaction CVLT Common Stock Sale $344,616 -1,929 -2.5% $178.65 76,043 12 Sep 2025 Direct F1, F4
transaction CVLT Common Stock Sale $629,082 -3,506 -4.6% $179.43 72,537 12 Sep 2025 Direct F1, F5
transaction CVLT Common Stock Sale $126,119 -700 -0.97% $180.17 71,837 12 Sep 2025 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The sale reported in this Form 4 was effected pursuant to an existing Rule 10b5-1 trading plan adopted by the reporting person on November 20, 2024, as amended on June 13, 2025. The reporting person is subject to a lock-up agreement that expires on November 1, 2025. The sale of shares is a permissible exemption under the terms of the lock-up agreement.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $175.66 and $176.63, inclusive. Full information regarding the number of shares sold at each separate price will be provided by the reporting person upon request to the staff of the Securities and Exchange Commission, the issuer, or a security holder of the issuer.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $176.95 and $177.91, inclusive. Full information regarding the number of shares sold at each separate price will be provided by the reporting person upon request to the staff of the Securities and Exchange Commission, the issuer, or a security holder of the issuer.
F4 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $177.95 and $178.84, inclusive. Full information regarding the number of shares sold at each separate price will be provided by the reporting person upon request to the staff of the Securities and Exchange Commission, the issuer, or a security holder of the issuer.
F5 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $179.16 and $179.97, inclusive. Full information regarding the number of shares sold at each separate price will be provided by the reporting person upon request to the staff of the Securities and Exchange Commission, the issuer, or a security holder of the issuer.