Commvault (NASDAQ: CVLT) insider lines up fresh stock sale

Rhea-AI Filing Summary

Commvault Systems insider Sanjay Mirchandani provided notice of intent to sell up to 12,437 shares of CVLT common stock through Fidelity Brokerage Services LLC, based on a proposed transaction value of $1,790,679.26 on NASDAQ as of 08/17/2026. As context, CVLT had 41,444,564 common shares outstanding, which is a reference figure, not the number being sold. The shares relate to restricted stock vesting designated as compensation from 05/20/2024. Recent sales reported for the same insider over the prior three months include multiple transactions between 8,450 and 19,396 shares each.

Key Figures

Proposed shares to be sold: 12,437 shares Proposed sale value: $1,790,679.26 Shares outstanding: 41,444,564 shares +4 more

7 metrics

Proposed shares to be sold 12,437 shares Common stock proposed for sale through Fidelity Brokerage Services LLC

Proposed sale value $1,790,679.26 Aggregate value of the 12,437 shares based on NASDAQ pricing as of 08/17/2026

Shares outstanding 41,444,564 shares Common shares of Commvault Systems outstanding as a reference baseline

Sale 05/18/2026 8,457 shares; $884,084.63 Reported past three months sale of CVLT common stock by Sanjay Mirchandani

Sale 05/19/2026 19,396 shares; $2,046,087.98 Reported past three months sale of CVLT common stock by Sanjay Mirchandani

Sale 05/20/2026 8,450 shares; $837,648.50 Reported past three months sale of CVLT common stock by Sanjay Mirchandani

Sale 05/22/2026 9,701 shares; $1,041,800.09 Reported past three months sale of CVLT common stock by Sanjay Mirchandani

Key Terms

Restricted Stock Vesting, Compensation, Securities To Be Sold, Securities Sold During The Past 3 Months

4 terms

Restricted Stock Vesting financial

"Common | 05/20/2024 | 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.

Compensation financial

"05/20/2024 | Compensation"

Securities To Be Sold financial

"144: Securities To Be Sold"

Securities Sold During The Past 3 Months financial

"144: Securities Sold During The Past 3 Months"

FAQ

What does CVLT insider Sanjay Mirchandani plan to sell under this Form 144?

Sanjay Mirchandani plans to sell up to 12,437 shares of Commvault Systems (CVLT) common stock. The proposed sale, through Fidelity Brokerage Services LLC, reflects an aggregate value of $1,790,679.26 based on NASDAQ pricing as of 08/17/2026.

How many CVLT shares are outstanding in relation to the Form 144 notice?

Commvault Systems reported 41,444,564 common shares outstanding as a reference point. This number provides context for the potential sale of 12,437 shares and is a baseline figure, not the amount being sold under the notice.

What past CVLT stock sales has Sanjay Mirchandani reported in the last three months?

Reported past three-month sales include 8,457 shares on 05/18/2026, 19,396 shares on 05/19/2026, 8,450 shares on 05/20/2026, and 9,701 shares on 05/22/2026, with total sale values ranging from about $837,648.50 to $2,046,087.98.

What is the value of Sanjay Mirchandani’s recent CVLT stock sales?

Recent reported sales total individual transaction values of $884,084.63, $2,046,087.98, $837,648.50, and $1,041,800.09. Each value corresponds to separate sales of CVLT common stock between 05/18/2026 and 05/22/2026.

How are the CVLT shares in this Form 144 related to compensation?

The 12,437 shares covered by the notice are tied to Restricted Stock Vesting dated 05/20/2024. The source of these shares is designated as the issuer and categorized as Compensation in the disclosure.

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Available on EDGAR 08/17/2026 - 11:51 AM Accepted by SEC EDGAR 08/17/2026 - 11:50 AM 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
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

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	Fidelity Brokerage Services LLC 900 Salem Street Smithfield RI 02917	12437	1790679.26	41444564	08/17/2026	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	05/20/2024	Restricted Stock Vesting	Issuer			12437	05/20/2024	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	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
Sanjay Mirchandani 1 Commvault Way Tinton Falls NJ 07724	Common	05/22/2026	9701	1041800.09

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)