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Commvault (NASDAQ: CVLT) director may sell up to 5,856 shares

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
144

Rhea-AI Filing Summary

COMMVAULT SYSTEMS INC (CVLT) is the issuer for a notice that director Arlen Shenkman, through Fidelity Brokerage Services LLC, may sell up to 5,856 shares of common stock under Rule 144 on or after 08/20/2026 on NASDAQ. The shares relate to restricted stock vesting events designated as compensation, including 3,137 shares vesting on 08/29/2024, 1,530 shares vesting on 08/08/2025, and 1,189 shares vesting on 08/07/2026.

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Shares to be sold 5,856 shares Common stock covered by the Rule 144 notice through Fidelity Brokerage Services LLC
Aggregate market value $776,856.83 Aggregate market value stated for the 5,856 CVLT shares
Proposed sale date 08/20/2026 Date from which the Rule 144 sale of 5,856 shares may occur on NASDAQ
Restricted stock vesting 2024 3,137 shares Restricted stock vesting on 08/29/2024 classified as compensation
Restricted stock vesting 2025 1,530 shares Restricted stock vesting on 08/08/2025 classified as compensation
Restricted stock vesting 2026 1,189 shares Restricted stock vesting on 08/07/2026 classified as compensation
Rule 144 regulatory
"See the definition of "person" in paragraph (a) of Rule 144."
Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.
restricted stock vesting financial
"Common | 08/29/2024 | Restricted Stock Vesting | Issuer"
Restricted stock vesting is the timetable and conditions under which shares granted to employees or insiders become fully owned and can be sold, typically requiring continued work or meeting performance goals. It matters to investors because large blocks of shares can become tradable at once, which can change share supply and price, and because vesting aligns insiders’ incentives with the company’s long‑term performance—think of it like a timed unlock that both rewards and locks in key people.
attorney-in-fact regulatory
"as attorney-in-fact for Arlen Shenkman"
An attorney-in-fact is the person or entity given legal authority through a power of attorney to act on behalf of another for specific tasks, such as signing documents, voting shares, or handling transactions. For investors, this matters because it lets a trusted representative make timely decisions or complete paperwork when the owner cannot, much like handing keys to someone to run errands on your behalf—so checks on scope and limits of that authority are important.

FAQ

What insider sale is being planned for COMMVAULT SYSTEMS INC (CVLT)?
Director Arlen Shenkman has filed a notice to potentially sell up to 5,856 shares of CVLT common stock through Fidelity Brokerage Services LLC under Rule 144, with proposed sales beginning on or after 08/20/2026 on NASDAQ.

How many COMMVAULT SYSTEMS INC (CVLT) shares are covered by this Rule 144 notice?
The notice covers up to 5,856 shares of CVLT common stock. These shares are associated with restricted stock awards that vest over several years and are classified as compensation-related equity.

What is the aggregate market value of the CVLT shares in this planned sale?
The aggregate market value stated for the up to 5,856 shares of CVLT common stock is $776,856.83. This value reflects the market price reference used in the Rule 144 notice at the time it was prepared.

Which restricted stock vesting events for CVLT are linked to this Rule 144 notice?
The notice lists vesting of 3,137 shares on 08/29/2024, 1,530 shares on 08/08/2025, and 1,189 shares on 08/07/2026. All are described as restricted stock vesting from the issuer as compensation.

Who is executing the potential sale of COMMVAULT SYSTEMS INC (CVLT) shares?
The potential sale will be handled by Fidelity Brokerage Services LLC as broker, with the notice signed by Wade Moss as a duly authorized representative and attorney-in-fact for director Arlen Shenkman.

On which exchange may the CVLT shares be sold under this Rule 144 notice?
The up to 5,856 CVLT shares covered by the notice may be sold on NASDAQ. Rule 144 sales can occur through ordinary brokerage transactions, subject to its volume and manner-of-sale conditions.

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

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144: Filer Information

144: Issuer Information

144: Securities Information



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


* 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

144: Remarks and Signature

Source: View Original Filing on SEC EDGAR