Gary Merrill - 15 May 2026 Form 4 Insider Report for COMMVAULT SYSTEMS INC (CVLT)

Reporting relationship: Chief Financial Officer
Issuer ticker: CVLT
Reported as of: 15 May 2026
Net transaction value: -$323,865
SEC form: 4
Accepted by SEC: 19 May 2026, 17:17:30 UTC
Prior SEC filing: 24 Apr 2026
Next SEC filing: 21 May 2026
Source filing: View source filing
Reporting owner signature: /s/ Danielle Abrahamsen, Attorney-in-Fact

Key filing fact

Gary Merrill filed Form 4 for COMMVAULT SYSTEMS INC (CVLT) on 19 May 2026.

Key facts

This page summarizes Gary Merrill's Form 4 filing for COMMVAULT SYSTEMS INC (CVLT).
4 reported transactions and 1 derivative row are listed below.
Accepted by SEC: 19 May 2026, 17:17.

Change

Previous filing in this sequence was filed on 24 Apr 2026.
Current net transaction value: -$323,865.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reporting Owners (1)

CIK 0001560814 Primary reporting owner

Merrill Gary

Relationship: Chief Financial Officer
Address: 1 COMMVAULT WAY, TINTON FALLS
Signature: /s/ Danielle Abrahamsen, Attorney-in-Fact
Signature date: 19 May 2026

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

CVLT transaction

Common Stock

Options Exercise

Transaction value
Shares: +278
Change %: +0.5%
Price: $0.000000^*
Shares after: 55,808
Date: 15 May 2026
Ownership: Direct
Footnotes: F1, F2

CVLT transaction

Common Stock

Award

Transaction value
Shares: +24,357
Change %: +44%
Price: $0.000000^*
Shares after: 80,165
Date: 15 May 2026
Ownership: Direct
Footnotes: F2, F3

CVLT transaction

Common Stock

Sale

Transaction value: $323,865
Shares: -3,098
Change %: -3.9%
Price: $104.54
Shares after: 77,067
Date: 18 May 2026
Ownership: Direct
Footnotes: F2, F4

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

CVLT transaction Derivative

Performance Stock Units

Options Exercise

Transaction value
Shares: 0
Change %
Price
Shares after: 0
Date: 15 May 2026
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 278
Exercise price
Footnotes: F1

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 4 footnotes

Footnote F1

Granted on May 15, 2025, represents 278 performance stock units ("PSUs") vested on the first anniversary of the grant date. The remaining 563 earned PSUs from this award, previously reported on Table II, are included in the Table I balance, subject to time-based vesting through May 15, 2028. Each PSU represents the right to receive one share of common stock.

Footnote F2

The amount of securities beneficially owned includes (a) shares of Common Stock owned outright by the Reporting Person and (b) shares underlying earned PSUs and restricted stock units ("RSUs") that remain subject to time-based vesting criteria. The amount excludes the following shares mistakenly included in prior Forms 4: (i) 4,278 shares attributable to a total shareholder return ("TSR") PSU award granted on May 15, 2023, (ii) 8,200 shares attributable to a TSR PSU award granted on May 14, 2024, (iii) 7,649 shares attributable to a TSR PSU award granted on May 15, 2025, and (iv) 33 shares to correct a historical balance discrepancy. Going forward, PSUs will be reported on Form 4 in Table I once earned.

Footnote F3

The common stock is being granted as RSUs and is subject to a 3-year vesting schedule, as follows: 33% will vest on the first anniversary of the grant date and 8.375% will vest at the end of each successive three-month period thereafter.

Footnote F4

Represents shares automatically sold solely to satisfy tax withholding obligations of the Reporting Person on vesting of restricted stock. Proceeds from the sale were submitted to the Internal Revenue Service.