Commault Systems (CVLT) files Form 144 for 612-share restricted stock sale

Rhea-AI Filing Summary

Commault Systems, Inc. submitted a Form 144 reporting a proposed sale of 612 shares of common stock on NASDAQ through Morgan Stanley Smith Barney LLC. The shares carry an aggregate market value of $111,947.04 and the filing lists 44,459,659 shares outstanding, making the block a very small portion of the company.

The form states the shares were acquired as restricted stock from the issuer on 08/08/2025 with an approximate sale date of 08/11/2025. The filing reports Nothing to Report for other sales in the past three months and includes the standard attestation that the seller is not aware of undisclosed material adverse information; no trading-plan adoption date is provided.

Positive

• Small transaction size: 612 shares for an aggregate market value of $111,947.04, which is approximately 0.0014% of the 44,459,659 outstanding shares listed
• No other sales reported in the past three months (filing shows "Nothing to Report"), indicating limited recent insider selling activity

Negative

• None.

Insights

Securities Analyst

TL;DR: Small insider proposed sale—612 shares (~0.0014% of outstanding); likely immaterial to market.

The filing discloses a proposed sale of 612 shares valued at $111,947.04 executed through Morgan Stanley Smith Barney LLC on NASDAQ. Compared with the issuer's stated 44,459,659 shares outstanding, the position is negligible in size. The securities are identified as restricted stock acquired from the issuer on 08/08/2025 with an approximate sale date of 08/11/2025. No other insider sales are reported for the past three months, suggesting limited recent insider liquidity events.

Corporate Governance Expert

TL;DR: Routine compliance disclosure with attestation; no material governance concerns disclosed.

The filer includes the standard attestation that they are not aware of undisclosed material adverse information and references Rule 10b5-1 language without providing a plan adoption date. The transaction stems from restricted stock issued by the company and is disclosed through the broker's information. Given the small size and absence of other recent sales, the filing appears to be a routine insider notice rather than a governance red flag.

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	612	111947.04	44459659	08/11/2025	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	08/08/2025	Restricted Stock	ISSUER			612	08/08/2025	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

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)

FAQ

What did Commault Systems (CVLT) report on Form 144?

Proposed sale of 612 shares of common stock with an aggregate market value of $111,947.04 to be sold on NASDAQ through Morgan Stanley Smith Barney LLC.

When were the shares acquired and what type were they?

The filing states the shares were acquired on 08/08/2025 as Restricted Stock from the issuer.

How large is this sale relative to the company's outstanding shares?

The sale is 612 shares versus 44,459,659 outstanding shares—about 0.0014% of outstanding shares listed in the form.

Who is the broker handling the proposed sale?

Morgan Stanley Smith Barney LLC Executive Financial Services, 1 New York Plaza, 8th Floor, New York, NY 10004.

Were there other insider sales in the past three months?

The filing reports "Nothing to Report" for securities sold during the past three months by the selling person.