CVLT Form 144: 14,909 Shares Proposed Sale; Prior 11,151-Share Sale

Rhea-AI Filing Summary

Form 144 notice for Commvault Systems, Inc. (CVLT): The filer reports a proposed sale of 14,909 common shares through Morgan Stanley Smith Barney on 09/09/2025 on NASDAQ, with an aggregate market value of $2,716,729.91. These shares were acquired on 08/15/2025 from the issuer as 4,744 performance shares and 10,165 restricted stock. The filing also discloses a recent sale by Jennifer Dirico of 11,151 common shares on 08/18/2025 for gross proceeds of $1,985,264.94. The notice includes the standard representation that the seller is not aware of any undisclosed material adverse information about the issuer.

Positive

• Clear disclosure of planned sale details: shares, broker, date, and market value
• Acquisitions identified as performance shares and restricted stock with specific unit counts

Negative

• Recent insider sales are sizable: 11,151 shares sold on 08/18/2025 for $1,985,264.94
• Planned sale market value is material at $2,716,729.91, which may raise investor questions about insider liquidity

Insights

Securities/Financial Analyst

TL;DR: Routine insider filing disclosing planned sale of newly issued shares and a recent sizable disposition; likely neutral to modestly negative for optics.

This Form 144 documents a planned sale of 14,909 shares (market value $2.72M) acquired on 08/15/2025 as compensation (performance and restricted stock). The filing gives investors visibility into insider liquidity and recent insider activity, including a prior sale of 11,151 shares for $1.99M on 08/18/2025. From a market-impact perspective, disclosure is timely and complete for a Rule 144 transaction; however, two relatively large insider dispositions in short succession may draw investor attention. There is no earnings or operational data in the filing to change valuation models.

Corporate Governance Expert

TL;DR: Governance disclosure appears compliant; transactions are identified as issuer-granted equity being sold under Rule 144.

The filing indicates shares were granted by the issuer on 08/15/2025 and are being sold under Rule 144 through a broker-dealer, which aligns with standard post-vesting disposition processes. The representation concerning absence of undisclosed material information is present. There is no indication of a 10b5-1 plan date or other restrictive note in the remarks, so oversight of timing and insider trading policies may be relevant for governance review. No regulatory or litigation concerns are disclosed.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 09/09/2025 - 04:05 PM Learn about SEC filing dates

FAQ

What does the Form 144 for Commvault (CVLT) disclose?

The form discloses a proposed sale of 14,909 common shares via Morgan Stanley on 09/09/2025 with an aggregate market value of $2,716,729.91.

When were the shares being sold by the insider acquired?

The shares were acquired from the issuer on 08/15/2025 as 4,744 performance shares and 10,165 restricted stock.

Has the insider recently sold other Commvault shares?

Yes. Jennifer Dirico sold 11,151 common shares on 08/18/2025 for gross proceeds of $1,985,264.94.

Through which broker will the planned sale be executed?

The planned sale is to be executed through Morgan Stanley Smith Barney LLC on the NASDAQ exchange.

Does the filing state whether the seller has undisclosed material information?

Yes. The notice includes the seller's representation that they do not know any material adverse information about the issuer that has not been publicly disclosed.

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 Executive Financial Services 1 New York Plaza 8th Floor New York NY 10004	14909	2716729.91	44459659	09/09/2025	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	Performance Shares	ISSUER			4744	08/15/2025	Not Applicable
Common	08/15/2025	Restricted Stock	ISSUER			10165	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

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
JENNIFER DIRICO 1 Commvault Way Tinton Falls NJ 07724	COMMON	08/18/2025	11151	1985264.94

144: Remarks and Signature

Remarks

Date of Notice

Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1

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)