Form 4 for CVLT COMMVAULT SYSTEMS INC

Accepted 2023-05-23 00:00:00 ET · period of report 2023-05-19 · accession 0001169561-23-000082 · SEC index · Original document

Summary rows

Aggregated the way they appear in lists: one row per insider, transaction code and security table.

X	Filed	Traded	Ticker	Insider	Title	Type	Price	Qty	Owned	ΔOwn	Value
M	2023-05-23	2023-05-19+	CVLT	Whalen James J.	CAO	S - Sale	$66.94	-4,498	21.2K	-18%	-$301.1K
M	2023-05-23	2023-05-22	CVLT	Whalen James J.	CAO	A - Grant	$0.00	+1,013	24.6K	+4%	$0

Purchase Sale Sale after option exercise All abbreviations

#	Table	Security	Date	Code	A/D	Shares	Price	Owned after	Own	Exercise / expiry	Underlying	Footnotes
1	Common	Common Stock	2023-05-19	S	D	295	$65.59	24,348	D	—	—	(F1) Represents shares automatically sold solely to satisfy tax withholding obligations of reporting person on vesting of restricted stock. Proceeds from the sale were submitted to the Internal Revenue Service.
2	Common	Common Stock	2023-05-23	S	D	3,047	$66.96	22,314	D	—	—
3	Common	Common Stock	2023-05-22	A	A	719	$0.00	25,361	D	—	—	(F3) Represents additional shares issued in connection with the Company's achievement of certain financial performance metrics tied to annualized recurring revenue for fiscal year 2023 pursuant to the terms of an award granted on May 16, 2022.
4	Common	Common Stock	2023-05-22	A	A	294	$0.00	24,642	D	—	—	(F2) Represents additional shares issued in connection with the Company's total shareholder return for fiscal year 2023 satisfying specified benchmarks relative to the Russell 3000 index pursuant to the terms of an award granted on May 22, 2020.
5	Common	Common Stock	2023-05-23	S	D	1,156	$67.22	21,158	D	—	—	(F1) Represents shares automatically sold solely to satisfy tax withholding obligations of reporting person on vesting of restricted stock. Proceeds from the sale were submitted to the Internal Revenue Service.