Form 4: CVLT Director RSU Grant Vesting by 2026 Annual Meeting

Rhea-AI Filing Summary

Keith Geeslin, identified as a director of Commvault Systems Inc. (CVLT), reported an equity award on a Form 4 with a transaction date of 08/07/2025. Table I of the filing shows Common Stock entries including the figures 1,189 and $0, and a reported beneficial ownership figure of 34,180 following the reported transaction(s). The filing's explanation states these shares are being granted as restricted stock units, 100% of which shall vest on the later of the one-year anniversary of the grant or the date of the 2026 Annual Meeting of Shareholders. The form is signed on behalf of the reporting person by Danielle Abrahamsen, Attorney-in-Fact, dated 08/11/2025. The filing otherwise contains routine disclosure language for a director equity grant.

Insights

Securities/Financial Analyst

TL;DR: Form 4 documents a director RSU grant on 08/07/2025; vesting is time- and meeting-contingent, appearing routine and non-disruptive.

The filing reports a restricted stock unit award tied to Common Stock with an entry of 1,189 and a price listed as $0, and shows 34,180 shares reported as beneficially owned following the transaction(s). Time-based vesting is explicit: 100% vests on the later of one-year post-grant or the 2026 Annual Meeting. For investors, this is a standard director compensation disclosure and, based solely on the filing, contains no indications of unusual or dilutive terms beyond the grant itself.

Corporate Governance Expert

TL;DR: The filing documents a customary director RSU award with a clear one-year/meeting vesting condition; governance implications appear routine.

The statement identifies the reporting person as a Director and discloses restricted stock units with a full-vesting condition tied to tenure or the 2026 Annual Meeting. The signature by an Attorney-in-Fact is noted. This aligns with typical board compensation practices and provides transparency on director ownership timing; the filing contains no explicit governance concerns or unusual acceleration provisions.

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

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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^*

Geeslin Keith

(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	34,180	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 transaction did the Form 4 for Commvault (CVLT) report?

The Form 4 reports a grant of restricted stock units recorded with a transaction date of 08/07/2025.

How many restricted stock units are shown on the Form 4 for CVLT director Keith Geeslin?

Table I of the filing includes the figure 1,189 alongside the Common Stock entry in the reported transaction.

What is the vesting schedule for the RSUs reported on the CVLT Form 4?

The filing states the RSUs will vest 100% on the later of the one-year anniversary of the grant or the 2026 Annual Meeting of Shareholders.

What was the reported beneficial ownership after the transaction on the CVLT Form 4?

The filing shows a reported beneficial ownership figure of 34,180 following the reported transaction(s).

Who signed the Form 4 for the reporting person in the CVLT filing?

The Form 4 is signed by Danielle Abrahamsen, Attorney-in-Fact, dated 08/11/2025.