Form 4 for CVLT COMMVAULT SYSTEMS INC

Accepted 2023-08-21 00:00:00 ET · period of report 2023-08-17 · accession 0001169561-23-000115 · 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	2023-08-21	2023-08-17+	CVLT	Mirchandani Sanjay	Pres, CEO, Dir	S - Sale	$69.44	-14.8K	464.6K	-3%	-$1.02M

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	2023-08-18	S	D	3,727	$69.31	471,399	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	2023-08-17	S	D	4,243	$69.61	475,126	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. (F2) Includes shares purchased under the Commvault Employee Stock Purchase Plan on August 14, 2023.
3	Common	Common Stock	2023-08-18	S	D	6,787	$69.40	464,612	D	—	—	(F3) The sale reported in this Form 4 was effected pursuant to an existing Rule 10b5-1 trading plan adopted by the reporting person on February 3, 2023. (F4) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $69.00 and $69.52, 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.