CVLT Form 4: Adamo Nicola receives 1,189 restricted stock units

Rhea-AI Filing Summary

Adamo Nicola, a director of Commvault Systems (CVLT), was granted 1,189 restricted stock units (RSUs) of common stock on 08/07/2025, issued with no purchase price.

The award increases his direct beneficial ownership to 17,367 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, making the grant time‑based and tied to the next shareholder meeting.

Positive

• Grant of 1,189 RSUs explicitly documented as non‑cash compensation
• Vesting terms defined: 100% vest on later of one‑year anniversary or the 2026 Annual Meeting, providing a clear retention schedule
• Direct beneficial ownership after grant is stated as 17,367 shares

Negative

• None.

Insights

Financial Analyst

TL;DR: Director received 1,189 RSUs, raising direct holdings to 17,367 shares; transaction appears routine and non‑cash.

The Form 4 reports a non‑derivative grant of 1,189 restricted stock units to a director, recorded at a price of $0. After the grant, direct beneficial ownership is shown as 17,367 shares. The RSUs vest 100% on the later of the one‑year anniversary of the grant or the 2026 Annual Meeting, indicating a time‑based retention feature. No derivative securities are reported. For investors, this is a standard equity‑based director award disclosed under Section 16 filings.

Corporate Governance Expert

TL;DR: One‑time RSU grant with a clear vesting condition tied to time and the 2026 meeting; disclosure is concise and specific.

The filing documents a grant of restricted stock units rather than an exercised option or cash transaction, and specifies a full vesting condition: 100% vesting on the later of one year or the 2026 Annual Meeting. The report identifies the reporting person as a Director and the Form is filed by a single reporting person. Table II lists no derivative securities, so the transaction is limited to non‑derivative common stock awards. The disclosure satisfies Section 16 reporting requirements for insider grants.

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^*

Adamo Nicola

(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	17,367	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 CVLT Form 4 filed for Adamo Nicola report?

The Form 4 reports a grant of 1,189 restricted stock units (RSUs) of common stock, issued at a price of $0, increasing direct beneficial ownership to 17,367 shares.

When was the transaction for CVLT reported on the Form 4?

The transaction date shown on the Form 4 is 08/07/2025.

What are the vesting conditions for the RSUs reported on CVLT Form 4?

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.

What is Adamo Nicola's relationship to Commvault in the filing?

The Form 4 identifies the reporting person as a Director of Commvault Systems, Inc.

Were any derivative securities reported in this Form 4 for CVLT?

No. Table II contains no entries; the filing documents a non‑derivative grant of RSUs in Table I.