Commvault officer plans $266K stock sale

COMMVAULT SYSTEMS INC (CVLT) received a Rule 144 notice for planned sales of common stock by officer Gary Merrill.

Rhea-AI Filing Summary

COMMVAULT SYSTEMS INC (CVLT) received a Rule 144 notice for planned sales of common stock by officer Gary Merrill. The notice covers a proposed sale of 1,854 shares, related to restricted stock that vested on 08/14/2026, with a stated aggregate market value of $266,298.74. The filing also lists several prior sales of CVLT common stock by Merrill during May 2026 and notes that part of the sale is intended to cover tax obligations from settlement of vested equity awards.

Key Figures

Planned shares to be sold: 1,854 shares Aggregate market value of planned sale: $266,298.74 Shares outstanding: 41,444,564 shares +4 more

7 metrics

Planned shares to be sold 1,854 shares Common stock covered by current Rule 144 notice

Aggregate market value of planned sale $266,298.74 Value associated with 1,854 CVLT shares in Rule 144 notice

Shares outstanding 41,444,564 shares CVLT common shares outstanding as referenced in the securities information section

Sale on 05/18/2026 3,098 shares; $323,861.20 Common stock sold by Gary Merrill during past 3 months

Sale on 05/19/2026 4,560 shares; $479,276.22 Common stock sold by Gary Merrill during past 3 months

Sale on 05/22/2026 3,777 shares; $405,615.81 Common stock sold by Gary Merrill during past 3 months

Sale on 05/26/2026 4,554 shares; $485,911.80 Common stock 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 | 08/14/2026 | 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

"1854 | 266298.74 | 41444564 | 08/18/2026"

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

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

What does the Rule 144 filing disclose about CVLT insider Gary Merrill?

The filing states that CVLT officer Gary Merrill plans to sell 1,854 shares of Commvault Systems common stock acquired through restricted stock vesting on 08/14/2026. Part of the sale will cover tax obligations from the vested equity award settlement.

How many CVLT shares are covered by the current planned sale?

The current Rule 144 notice covers a proposed sale of 1,854 CVLT common shares. These shares are tied to a restricted stock vesting event dated 08/14/2026, with the filing listing an aggregate market value of $266,298.74 for this block.

What prior CVLT stock sales by Gary Merrill are reported in this Form 144?

The notice lists four prior CVLT common stock sales in May 2026: 3,098 shares for $323,861.20, 4,560 shares for $479,276.22, 3,777 shares for $405,615.81, and 4,554 shares for $485,911.80.

What is the stated purpose of part of the CVLT share sale in this filing?

The remarks explain that the sale includes an amount necessary to cover a tax obligation. This obligation arises from the settlement of a vested equity award distribution, indicating that part of the proceeds relates to taxes on recently vested CVLT stock.

How many CVLT shares are outstanding according to this Rule 144 notice?

The securities information section reports 41,444,564 CVLT common shares outstanding. This figure provides context for the size of the reported planned sale and prior sales, which together represent a small fraction of the total outstanding shares.

Who is executing the CVLT Rule 144 sale on behalf of Gary Merrill?

The notice is signed by Louis Kurnick as a duly authorized representative of Fidelity Brokerage Services LLC, acting as attorney-in-fact for Gary Merrill, indicating Fidelity is handling the transaction under a power of attorney arrangement.

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

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Accepted by SEC EDGAR 08/18/2026 - 04:13 PM 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	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	1854	266298.74	41444564	08/18/2026	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	08/14/2026	Restricted Stock Vesting	Issuer			1854	08/14/2026	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	05/18/2026	3098	323861.20
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

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	08/18/2026
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/ Louis Kurnick, 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)