CVLT Form 4: Arlen Shenkman Receives 1,189 RSUs, Vesting by 2026

Rhea-AI Filing Summary

Commvault Systems director Arlen Shenkman was granted 1,189 restricted stock units (RSUs) that are recorded as acquisitions of common stock with a reported price of $0. The RSUs increase his direct beneficial ownership to 16,809 shares following the reported transaction on 08/07/2025.

The filing states these RSUs vest 100% on the later of the one-year anniversary of the grant date or the date of the 2026 Annual Meeting of Shareholders. The grant is described as restricted stock units rather than an immediate cash purchase, and no derivative transactions or additional security classes are reported in this filing.

Insights

Corporate Governance Expert

TL;DR: Director received a time‑based RSU grant that vests after one year or at the 2026 annual meeting; holding rises to 16,809 shares.

The Form 4 documents a grant of 1,189 RSUs to Arlen Shenkman recorded as acquisitions at a $0 price, consistent with typical director equity compensation. Vesting is explicit: 100% vests on the later of one year from grant or the 2026 Annual Meeting, which ties the award to continued service and shareholder event timing. The filing shows no derivative holdings and reports ownership as direct. From a governance perspective, the disclosure is routine and follows standard equity grant practice for non-employee directors.

Securities Analyst

TL;DR: Small equity grant recorded; increases director's direct stake to 16,809 shares; transaction appears non‑material to capitalization.

The reported acquisition of 1,189 common stock units at a listed price of $0 indicates equity compensation in the form of RSUs, not a market purchase. The position after the grant is stated as 16,809 shares (direct). No option exercises, sales, or derivative transactions are disclosed in this filing. Given the absolute share counts and absence of other changes, the transaction is a routine insider grant with limited disclosed impact on the company’s capital structure.

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^*

Shenkman Arlen

(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	16,809	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 was reported for Commvault (CVLT)?

The filing reports a grant of 1,189 restricted stock units (RSUs) to director Arlen Shenkman, recorded as an acquisition on 08/07/2025.

How many shares does the reporting person own after the transaction?

Following the reported transaction, the filing shows 16,809 shares beneficially owned by Arlen Shenkman (direct ownership).

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

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

Was any cash paid for the shares reported in the Form 4?

The transaction is reported with a price of $0, indicating the units were granted as restricted stock units rather than purchased for cash.

Does the filing report any derivative securities or option activity?

No. Table II for derivative securities contains no entries; the filing only reports non‑derivative RSU grants in Table I.