CVLT files Form 144 for 9,701 vested shares

CVLT submitted a Form 144 notice reporting proposed resale of 9,701 shares of Common Stock.

Rhea-AI Filing Summary

CVLT submitted a Form 144 notice reporting proposed resale of 9,701 shares of Common Stock. The filing cites a Restricted Stock Vesting event dated 05/15/2026 tied to compensation and lists prior open-market sales by Sanjay Mirchandani on 03/16/2026, 03/17/2026, 05/18/2026, 05/19/2026, and 05/20/2026 with per-trade share counts and gross proceeds shown.

Insights

Corporate Governance Analyst

Routine resale notice linked to vested restricted shares and recent insider sales.

The filing lists a proposed resale of 9,701 shares of Common Stock associated with a Restricted Stock Vesting event dated 05/15/2026. It also documents prior sales by Sanjay Mirchandani on multiple dates with specific share counts and gross proceeds.

Timing and sale mechanics are described as vesting/compensation and prior market sales; cash-flow treatment and any broker instructions are not detailed in the provided excerpt. Subsequent disclosures or transaction confirmations would show actual resale execution.

Key Figures

Proposed resale: 9,701 shares Sale on 03/16/2026: 10,338 shares Sale on 03/17/2026: 10,052 shares +3 more

6 metrics

Proposed resale 9,701 shares Restricted Stock Vesting dated <date>05/15/2026</date>

Sale on 03/16/2026 10,338 shares <date>03/16/2026</date> gross proceeds <b>$816,288.48</b>

Sale on 03/17/2026 10,052 shares <date>03/17/2026</date> gross proceeds <b>$805,064.68</b>

Sale on 05/18/2026 8,457 shares <date>05/18/2026</date> gross proceeds <b>$884,084.63</b>

Sale on 05/19/2026 19,396 shares <date>05/19/2026</date> gross proceeds <b>$2,046,087.98</b>

Sale on 05/20/2026 8,450 shares <date>05/20/2026</date> gross proceeds <b>$837,648.50</b>

Key Terms

Restricted Stock Vesting, Compensation, Fidelity Brokerage Services LLC

3 terms

Restricted Stock Vesting regulatory

"Common | 05/15/2026 | 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.

Compensation financial

"9701 | 05/15/2026 | Compensation"

Fidelity Brokerage Services LLC other

"Fidelity Brokerage Services LLC 900 Salem Street Smithfield RI 02917"

FAQ

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

What does CVLT's Form 144 report?

It reports a proposed resale of 9,701 shares of Common Stock tied to a Restricted Stock Vesting event dated 05/15/2026. The filing also lists several prior insider sales with dates, share counts, and gross proceeds.

Who is the selling individual listed in the excerpt for CVLT?

The excerpt lists Sanjay Mirchandani at the Commvault address as the person associated with multiple common stock sales on specific dates. Each sale row in the excerpt shows the date, shares sold, and gross proceeds.

How many shares and proceeds are shown for the 05/19/2026 sale?

The excerpt shows a sale on 05/19/2026 of 19,396 shares with gross proceeds of $2,046,087.98 reported in the table of recent sales.

Does the filing state who receives proceeds from the proposed resale?

The excerpt ties the 9,701 shares to a compensation restricted stock vesting event. The filing does not state the recipient of proceeds or the exact cash-flow treatment in the provided excerpt.

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

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Accepted by SEC EDGAR 05/22/2026 - 03:20 PM 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	9701	1041800.09	41250627	05/22/2026	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			9701	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
Sanjay Mirchandani 1 Commvault Way Tinton Falls NJ 07724	Common	05/20/2026	8450	837648.50

144: Remarks and Signature

Remarks	Sale includes an amount necessary to cover a tax obligation resulting from the settlement of a vested equity award distribution.
Date of Notice	05/22/2026
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/ Emily Navaro, 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)