[Form 4] Commault Systems, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Martha Helena Bejar, a director of Commvault Systems Inc. (CVLT), acquired 1,189 restricted stock units (RSUs) on 08/07/2025 as reported on Form 4. The grant is recorded as an acquisition at a $0 price and increases her direct beneficial ownership to 7,036 shares. The RSUs vest 100% on the later of the one‑year anniversary of the grant or the date of the 2026 Annual Meeting of Shareholders.

The filing shows a straightforward equity award to a board member with no derivative instruments reported and documents the post‑grant share count; it does not disclose additional cash compensation, option grants, or other transactions.

Insights

Securities Analyst

TL;DR: Routine director RSU grant; modest increase in direct ownership, neutral immediate market impact.

The Form 4 reports an acquisition of 1,189 RSUs by director Martha Helena Bejar, recorded at a $0 price and bringing her direct beneficial ownership to 7,036 shares. The award is entirely equity‑based and carries a single vesting condition, which limits immediate liquidity and potential selling pressure. No options, sales, or derivative positions are disclosed, and the transaction appears to be standard director compensation rather than a material corporate event.

Corporate Governance Expert

TL;DR: Grant aligns director incentives; vesting tied to time and the 2026 Annual Meeting promotes retention.

The disclosure specifies that the RSUs vest 100% on the later of the one‑year anniversary or the 2026 Annual Meeting, indicating a retention‑focused award structure. As a director grant, this is consistent with common governance practices to align board members with shareholder outcomes. The filing contains no evidence of unusual indemnities, accelerated vesting triggers, or related‑party transactions beyond the director role.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Bejar Martha Helena

(Last) (First) (Middle)

1 COMMVAULT WAY

(Street)

TINTON FALLS NJ 07724

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
COMMVAULT SYSTEMS INC [ CVLT ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
08/07/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock(1)	08/07/2025		A		1,189	A	$0	7,036	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The common stock is being granted as restricted stock units, 100% of which shall vest on the later of the one-year anniversary of the date of grant, or the date of the 2026 Annual Meeting of Shareholders.

Remarks:

	/s/ Danielle Abrahamsen, Attorney-in-Fact	08/11/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did the Commvault (CVLT) Form 4 report for Martha Helena Bejar?

The Form 4 reports that director Martha Helena Bejar acquired 1,189 restricted stock units (RSUs) on 08/07/2025.

How many shares does Martha Bejar own after the reported transaction for CVLT?

After the reported acquisition, she beneficially owns 7,036 shares directly.

What are the vesting terms of the RSUs reported in the CVLT Form 4?

The RSUs vest 100% on the later of the one‑year anniversary of the grant or the 2026 Annual Meeting of Shareholders.

Was the transaction reported at a purchase price for CVLT RSUs?

The acquisition is reported at a $0 price, consistent with the grant of restricted stock units rather than a purchase.

Are there any derivative securities reported for Martha Bejar in this filing?

No derivative securities (options, warrants, puts, or calls) are reported in Table II; only the RSU grant in Table I is disclosed.