CVLT Insider Notice: Morgan Stanley to Handle $1.99M Share Sale

Rhea-AI Filing Summary

Commodult Systems, Inc. (CVLT) filed a Form 144 reporting a proposed sale of common stock. The notice shows 11,035 shares to be sold through Morgan Stanley Smith Barney, LLC with an aggregate market value of $1,986,520.70, and cites approximately 44,513,830 shares outstanding. The proposed sale date is 08/18/2025. The filing discloses that the securities were acquired on 08/15/2025 as restricted stock (17,446 shares) and performance stock (8,614 shares). The filer reports no securities sold in the past three months and includes the standard signature representation about material nonpublic information.

Positive

• Filing provides clear broker details number of shares and aggregate market value being offered.
• The filer reports no securities sold in the past three months, showing the notice is not part of recent repeated disposals.
• The form discloses the acquisition dates and nature of the awards (restricted stock and performance stock), supporting transparency.

Negative

• The securities were acquired on 08/15/2025 and the proposed sale date is 08/18/2025, indicating a very short holding period between grant and planned sale.
• The filing lacks contextual information about the reason for the sale or any trading plan adoption date (e.g., Rule 10b5-1), beyond the standard representation.

Insights

Securities/Equity Analyst

TL;DR: Insider plans to sell 11,035 common shares shortly after acquisition; transaction size is modest versus outstanding shares.

The filing documents a proposed sale of 11,035 common shares via Morgan Stanley with an aggregate value of $1.99 million, against 44.5 million shares outstanding. The securities were acquired three days earlier as restricted and performance-based awards, and no other sales were reported in the prior three months. This is a compliance disclosure under Rule 144 rather than an earnings or operational disclosure; it notifies the market of a planned insider sale but does not itself provide operational or financial performance information.

Compliance/Risk Analyst

TL;DR: Filing appears procedurally complete and includes the required representations; no past three-month sales reported.

The Form 144 contains the necessary broker, share count, aggregate market value, acquisition dates and nature

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
COMMON	Morgan Stanley Smith Barney, LLC 1 New York Plaza 38th Floor New York NY 10004	11035	1986520.7	44513830	08/18/2025	NASDAQ

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
COMMON	08/15/2025	Restricted Stock	ISSUER			17446	08/15/2025	Not Applicable
COMMON	08/15/2025	Performance Stock	ISSUER			8614	08/15/2025	Not Applicable

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Nothing to Report

144: Remarks and Signature

Remarks

Date of Notice

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What does the Form 144 filed by Commault Systems (CVLT) report?

The notice reports a proposed sale of 11,035 common shares through Morgan Stanley with an aggregate market value of $1,986,520.70 and an approximate sale date of 08/18/2025.

When were the shares being sold acquired according to the filing?

The filing shows the shares were acquired on 08/15/2025 as restricted stock (17,446 shares) and performance stock (8,614 shares).

Does the filing report any securities sold by the filer in the past three months?

No. The Form 144 states "Nothing to Report" for securities sold during the past three months.

Which broker is handling the proposed sale?

The broker named in the filing is Morgan Stanley Smith Barney, LLC, located at 1 New York Plaza, 38th Floor, New York, NY 10004.

How many shares outstanding does the filing show?

The filing lists 44,513,830 shares outstanding for the issuer.