Commvault Systems (CVLT) officer may sell $184K in stock

Rhea-AI Filing Summary

COMMVAULT SYSTEMS INC (CVLT) officer Gary Merrill filed a Rule 144 notice covering a potential sale of 1,293 common shares, to be sold through Fidelity Brokerage Services LLC after restricted stock vesting on 08/15/2026. The filing lists an aggregate market value for these shares of $184,640.37, with 41,444,564 common shares outstanding as of 08/19/2026.

The notice also reports prior sales of CVLT common stock during the past three months: 4,560 shares for $479,276.22 on 05/19/2026, 3,777 shares for $405,615.81 on 05/22/2026, 4,554 shares for $485,911.80 on 05/26/2026, and 1,854 shares for $266,298.74 on 08/18/2026. Fidelity signed as attorney-in-fact for Merrill.

Key Figures

Shares to be sold: 1,293 shares Aggregate market value of shares to be sold: $184,640.37 Shares outstanding: 41,444,564 shares +4 more

7 metrics

Shares to be sold 1,293 shares Common stock covered by the Rule 144 notice

Aggregate market value of shares to be sold $184,640.37 Estimated value of 1,293 CVLT common shares covered by the notice

Shares outstanding 41,444,564 shares CVLT common shares outstanding as of 08/19/2026

Sale on 05/19/2026 4,560 shares for $479,276.22 CVLT common shares sold by Gary Merrill during past 3 months

Sale on 05/22/2026 3,777 shares for $405,615.81 CVLT common shares sold by Gary Merrill during past 3 months

Sale on 05/26/2026 4,554 shares for $485,911.80 CVLT common shares sold by Gary Merrill during past 3 months

Sale on 08/18/2026 1,854 shares for $266,298.74 CVLT common shares sold by Gary Merrill during past 3 months

Key Terms

Rule 144, restricted stock vesting, attorney-in-fact, aggregate market value

4 terms

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 | 08/15/2026 | 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.

attorney-in-fact regulatory

"as attorney-in-fact for Gary Merrill"

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.

aggregate market value financial

"1293 | 184640.37 | 41444564 | 08/19/2026"

Aggregate market value is the combined price you would pay to buy all outstanding shares of a company or all companies in a group at current market prices — essentially the sum of each stock’s market capitalization. It matters to investors because it shows the overall size and weight of an investment or sector (like the total cost to buy every piece of a puzzle), helps compare scale across companies or markets, and influences index composition and risk exposure.

FAQ

What does the Form 144 filing disclose for COMMVAULT SYSTEMS INC (CVLT)?

The Form 144 reports that officer Gary Merrill may sell 1,293 CVLT common shares under Rule 144 after restricted stock vests on 08/15/2026. The notice is filed through Fidelity Brokerage Services LLC, acting as attorney-in-fact for Merrill.

How many CVLT shares are proposed for sale and what is their market value?

The notice covers a proposed sale of 1,293 CVLT common shares with an aggregate market value of $184,640.37. These figures come from the Rule 144 securities information section that estimates the size and market value of the potential sale.

How many COMMVAULT SYSTEMS INC (CVLT) shares are outstanding according to this filing?

The filing states that there are 41,444,564 CVLT common shares outstanding as of 08/19/2026. This number is presented alongside the proposed Rule 144 sale details and serves as a baseline figure, not the amount being sold.

What prior CVLT stock sales by Gary Merrill are disclosed in the last three months?

The filing discloses CVLT sales of 4,560 shares for $479,276.22 on 05/19/2026, 3,777 shares for $405,615.81 on 05/22/2026, 4,554 shares for $485,911.80 on 05/26/2026, and 1,854 shares for $266,298.74 on 08/18/2026.

What is the relationship between the proposed CVLT sale and restricted stock vesting?

The proposed sale of 1,293 CVLT shares is tied to restricted stock vesting on 08/15/2026. The filing characterizes the securities to be sold as arising from “Restricted Stock Vesting” and identifies the issuer as the source through compensation.

Who is executing the potential sale of CVLT shares on behalf of Gary Merrill?

The potential sale will be handled by Fidelity Brokerage Services LLC, listed as the broker for the CVLT common stock. The Form 144 is signed by Daniel Tucci as a duly authorized representative of Fidelity, acting as attorney-in-fact for Gary Merrill.

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

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Available on EDGAR 08/19/2026 - 10:26 AM Accepted by SEC EDGAR 08/19/2026 - 10:25 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	0001560814
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	Merrill Gary
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

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	1293	184640.37	41444564	08/19/2026	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	08/15/2026	Restricted Stock Vesting	Issuer			1293	08/15/2026	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
Gary Merrill 1 Commvault Way Tinton Falls NJ 07724	Common	05/19/2026	4560	479276.22
Gary Merrill 1 Commvault Way Tinton Falls NJ 07724	Common	05/22/2026	3777	405615.81
Gary Merrill 1 Commvault Way Tinton Falls NJ 07724	Common	05/26/2026	4554	485911.80
Gary Merrill 1 Commvault Way Tinton Falls NJ 07724	Common	08/18/2026	1854	266298.74

144: Remarks and Signature

Remarks
Date of Notice	08/19/2026
Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1	06/13/2025
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/ Daniel Tucci, as a duly authorized representative of Fidelity Brokerage Services LLC, as attorney-in-fact for Gary Merrill
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)