Commvault Form 144: insider sales and vesting reported

Commvault (CVLT) notice of proposed sale under Rule 144 reporting recent restricted stock vesting and three open-market dispositions by Sanjay Mirchandani.

Rhea-AI Filing Summary

Commvault (CVLT) notice of proposed sale under Rule 144 reporting recent restricted stock vesting and three open-market dispositions by Sanjay Mirchandani. The filing lists a restricted stock vesting of 13,158 shares on 05/15/2026 as compensation and sales of 10,338, 10,052, and 8,457 shares on 03/16/2026, 03/17/2026, and 05/18/2026, respectively.

Key Figures

Restricted stock vesting: 13,158 shares Sale on 03/16/2026: 10,338 shares Sale on 03/17/2026: 10,052 shares +2 more

5 metrics

Restricted stock vesting 13,158 shares 05/15/2026, listed as compensation/issuer

Sale on 03/16/2026 10,338 shares Gross proceeds $816,288.48

Sale on 03/17/2026 10,052 shares Gross proceeds $805,064.68

Sale on 05/18/2026 8,457 shares Gross proceeds $884,084.63

Brokerage address listed Fidelity Brokerage Services LLC 900 Salem Street Smithfield RI 02917

Key Terms

Rule 144 / Form 144, Restricted Stock Vesting, Gross proceeds

3 terms

Rule 144 / Form 144 regulatory

"notice of proposed sale under Rule 144 reporting recent restricted stock vesting"

Restricted Stock Vesting financial

"05/15/2026 | Restricted Stock Vesting | Issuer | Compensation"

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.

Gross proceeds financial

"03/16/2026 ... 816288.48 03/17/2026 ... 805064.68 05/18/2026 ... 884084.63"

The total amount of cash a company receives from a financing event or sale before any fees, expenses, taxes or deductions are taken out. Investors watch gross proceeds because it shows the raw scale of new capital being raised—think of it as the paycheck amount before withholdings—which helps assess how much funding is available for operations, growth, debt payoff or how much shareholder dilution might occur once costs are removed.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What does the CVLT Form 144 disclose about recent transactions?

The Form 144 discloses a restricted stock vesting of 13,158 shares dated 05/15/2026 and three reported sales by Sanjay Mirchandani of 10,338, 10,052, and 8,457 shares on 03/16/2026, 03/17/2026, and 05/18/2026.

Who is the reporting person on the CVLT Form 144 and what were the sale amounts?

The reporting person is Sanjay Mirchandani. The filing shows sales of 10,338 shares, 10,052 shares, and 8,457 shares on the specified March and May 2026 dates, with gross proceeds reported alongside each sale in the excerpt.

Does the filing show how the vested shares were issued for CVLT?

Yes. The excerpt lists a Restricted Stock Vesting event on 05/15/2026 described as Issuer and Compensation, showing 13,158 shares issued to Fidelity Brokerage Services LLC in connection with vesting.

Are proceeds from the reported sales shown on the CVLT Form 144?

The excerpt includes gross proceeds for each sale: $816,288.48, $805,064.68, and $884,084.63 corresponding to the three sale dates. The filing lists these amounts alongside each transaction entry.

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

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Accepted by SEC EDGAR 05/19/2026 - 09:45 AM EDT Learn about SEC filing dates

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	0001765820
Filer CCC	XXXXXXXX
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer	COMMVAULT SYSTEMS INC
SEC File Number	001-33026
Address of Issuer	1 COMMVAULT WAY TINTON FALLS NEW JERSEY 07724
Phone	732-870-4000
Name of Person for Whose Account the Securities are To Be Sold	Mirchandani Sanjay
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	Officer
Relationship to Issuer	Director

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	Fidelity Brokerage Services LLC 900 Salem Street Smithfield RI 02917	13158	1397248.02	41250627	05/19/2026	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	05/15/2026	Restricted Stock Vesting	Issuer			13158	05/15/2026	Compensation

* 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
Sanjay Mirchandani 1 Commvault Way Tinton Falls NJ 07724	Common	03/16/2026	10338	816288.48
Sanjay Mirchandani 1 Commvault Way Tinton Falls NJ 07724	Common	03/17/2026	10052	805064.68
Sanjay Mirchandani 1 Commvault Way Tinton Falls NJ 07724	Common	05/18/2026	8457	884084.63

144: Remarks and Signature

Remarks
Date of Notice	05/19/2026
Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1	12/13/2025
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	/s/Wade Moss, as a duly authorized representative of Fidelity Brokerage Services LLC, as attorney-in-fact for Sanjay Mirchandani
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)