Commvault Form 144: insider sales and restricted shares

Commvault reported proposed resale activity on a Form 144 for common stock related to restricted stock vesting.

Rhea-AI Filing Summary

Commvault reported proposed resale activity on a Form 144 for common stock related to restricted stock vesting. The filing lists 8,450 shares as securities to be sold on 05/15/2026 designated as "Restricted Stock Vesting" and attributed to the issuer under a compensation entry.

The filing also lists recent sales by Sanjay Mirchandani: 10,338 shares on 03/16/2026, 10,052 shares on 03/17/2026, 8,457 shares on 05/18/2026, and 19,396 shares on 05/19/2026, with dollar amounts shown for each sale.

Insights

Equity Compliance Analyst

Form 144 lists proposed resale tied to vesting and several recent insider disposals.

The filing shows 8,450 shares identified as securities to be sold on 05/15/2026 under "Restricted Stock Vesting," which is a compensation-related issuance. It also documents four reported sales by Sanjay Mirchandani in March and May 2026 with explicit share counts and proceeds.

These disclosures are routine notice-level filings for public resale and compensation vesting; cash‑flow treatment and whether sales were pre-arranged are not specified in the provided excerpt. Subsequent filings may include additional context.

Corporate Governance Specialist

Multiple individual dispositions are disclosed; the filings list share counts and proceeds per trade.

The entry labeled "Issuer" for the 8,450-share vesting is recorded under Compensation, indicating an issuer-side vesting event. Separate rows show insider sales by Sanjay Mirchandani on specific dates with dollar proceeds next to each trade.

This Form 144 functions as a procedural disclosure of resale; it does not itself explain motives, trading plans, or any restriction-lifting mechanics beyond the vesting label shown.

Key Figures

Securities to be sold: 8,450 shares Sale on 03/16/2026: 10,338 shares Sale on 03/17/2026: 10,052 shares +2 more

5 metrics

Securities to be sold 8,450 shares Restricted Stock Vesting on 05/15/2026

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

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

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

Sale on 05/19/2026 19,396 shares Proceeds $2,046,087.98

Key Terms

Form 144, Restricted Stock Vesting, Issuer, Compensation

4 terms

Form 144 regulatory

"144: Securities To Be Sold"

Form 144 is a document that investors must file with the government when they plan to sell a large number of shares of a company's stock. It helps ensure transparency so everyone knows how many shares are being sold and when, which can impact the stock's price.

Restricted Stock Vesting financial

"Common | 05/15/2026 | Restricted Stock Vesting"

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.

Issuer regulatory

"Restricted Stock Vesting | Issuer"

Compensation financial

"05/15/2026 | Compensation"

FAQ

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

What does Commvault's (CVLT) Form 144 disclose?

It discloses a proposed resale of 8,450 shares tied to restricted stock vesting and several recent insider sales. The filing lists sales by Sanjay Mirchandani of 10,338, 10,052, 8,457, and 19,396 shares on the dates shown.

Who sold shares according to the filing for CVLT?

The filing shows sales by Sanjay Mirchandani on specific dates: 03/16/2026, 03/17/2026, 05/18/2026, and 05/19/2026. Each sale row includes the share count and a dollar amount for proceeds.

Is the 8,450-share entry in the Form 144 an issuer issuance for CVLT?

Yes. The entry for 8,450 shares is labeled "Restricted Stock Vesting" with the role listed as Issuer and tied to 05/15/2026, indicating a compensation vesting event recorded on that date.

Do the Form 144 rows show sale proceeds for each transaction?

Yes. Each of the listed insider sales by Sanjay Mirchandani includes a dollar figure alongside the share count, for example $816,288.48 for 10,338 shares on 03/16/2026 as shown in the excerpt.

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

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Accepted by SEC EDGAR 05/20/2026 - 11:30 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	8450	837648.50	41250627	05/20/2026	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			8450	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
Sanjay Mirchandani 1 Commvault Way Tinton Falls NJ 07724	Common	05/19/2026	19396	2046087.98

144: Remarks and Signature

Remarks
Date of Notice	05/20/2026
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)