CVLT Form 4: Director Charles Moran Receives 1,189 RSUs, Vesting 100% in 2026

Rhea-AI Filing Summary

The Form 4 shows director Charles E. Moran received a grant of 1,189 restricted stock units (RSUs) in Commvault Systems, Inc. (ticker CVLT) with a transaction date of 08/07/2025. The RSUs were granted at a price of $0 (typical for restricted awards) and are reported as acquired shares.

The filing reports 13,686 shares of common stock beneficially owned by Mr. Moran following the reported transaction, held in a direct ownership form. The award is described as vesting 100% on the later of the one-year anniversary of the grant or the date of the 2026 Annual Meeting of Shareholders.

Insights

Corporate Governance Expert

TL;DR: Director received time-based RSUs that vest after one year or the 2026 meeting, increasing direct holdings to 13,686 shares.

The filing documents a routine director equity grant structured as restricted stock units that vest 100% on the later of the one-year anniversary or the 2026 Annual Meeting. Such a cliff vesting schedule is consistent with standard director compensation practices designed to align long-term interests with shareholders. The reported acquisition of 1,189 RSUs at $0 increases the director's direct beneficial ownership to 13,686 shares, and the grant is subject to the stated vesting condition only. There are no derivative transactions or other complex instruments disclosed in this Form 4.

Securities/Insider Transactions Analyst

TL;DR: A straightforward, non-derivative acquisition of RSUs by a director; transaction details are limited and standard.

The Form 4 reports a non-derivative award: 1,189 common stock units granted and recorded as acquired on 08/07/2025, with a reported price of $0. Following the grant, the director's direct beneficial ownership is listed as 13,686 shares. The filing contains no sales, options exercises, or other dispositions, and no derivative securities are reported. From a disclosure perspective, the form supplies the key mechanics of the grant and vesting timetable without additional conditions or contingent conversion features.

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^*

MORAN CHARLES E

(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	13,686	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 Commvault (CVLT) disclose in the Form 4 filed by Charles E. Moran?

The Form 4 discloses that director Charles E. Moran was granted 1,189 restricted stock units on 08/07/2025, increasing his direct beneficial ownership to 13,686 shares.

When do the RSUs granted to the director vest?

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 price was reported for the RSU grant on the Form 4?

The Form 4 shows the RSUs were granted at a reported price of $0, consistent with standard restricted stock unit awards.

Did the Form 4 report any derivative transactions or option exercises for the reporting person?

No. Table II for derivative securities is empty; the filing reports only a non-derivative acquisition of RSUs.

Is the reported ownership classified as direct or indirect?

The filing lists the ownership following the transaction as Direct (D).