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

Rhea-AI Filing Summary

Jennifer Leigh DiRico, Chief Financial Officer of Commvault Systems Inc. (CVLT), reported a sale of 11,151 shares of the issuer's common stock on 08/18/2025 at a reported price of $178.03 per share. The filing states the shares were sold solely to satisfy tax withholding obligations resulting from the vesting of restricted stock, and proceeds were submitted to the Internal Revenue Service.

After the reported sale, the filing shows the reporting person beneficially owned 60,052 shares. The Form 4 was signed by an attorney-in-fact, Danielle Abrahamsen, on 08/20/2025. The transaction is reported as an individual filing and the reporting person is identified as an officer (Chief Financial Officer).

Positive

• Sale explicitly for tax withholding on vested restricted stock, indicating a non-discretionary, compensation-related transaction
• Timely Section 16 disclosure filed and signed by attorney-in-fact, demonstrating compliance with reporting requirements

Negative

• None.

Insights

Financial Analyst

Routine tax-withholding sale by CFO; no indication of material shift in ownership or company fundamentals.

The reported sale of 11,151 shares at $178.03 per share is described in the filing as an automatic disposition to satisfy tax withholding on vesting restricted stock, which is a common, non-discretionary insider transaction. The post-transaction beneficial ownership of 60,052 shares remains disclosed. There are no additional transactions, grants, or derivative positions disclosed in this Form 4 that would suggest a change in compensation structure or an active trading decision by management. Impact on investor view is likely neutral absent other disclosures.

Corporate Governance Expert

Disclosure meets Section 16 reporting norms; sale tied to tax obligations rather than discretionary insider selling.

The Form 4 clearly identifies the reporting person as the Chief Financial Officer and documents the sale as executed to cover tax withholding from vested restricted stock. The filing was signed via attorney-in-fact, which is acceptable when authorized. This disclosure aligns with standard governance practices for equity compensation settlements and timely insider reporting. No governance red flags or atypical transactions are apparent from this single filing.

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

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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^*

DiRico Jennifer Leigh

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
08/18/2025

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)	08/18/2025		S		11,151	D	$178.03	60,052	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. Represents shares automatically sold solely to satisfy tax withholding obligations of reporting person on vesting of restricted stock. Proceeds from the sale were submitted to the Internal Revenue Service.

Remarks:

	/s/ Danielle Abrahamsen, Attorney-in-Fact	08/20/2025
	** 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 CVLT CFO Jennifer DiRico report on Form 4?

The Form 4 reports a sale of 11,151 shares on 08/18/2025 at $178.03 per share to satisfy tax withholding on vested restricted stock.

How many CVLT shares did the reporting person own after the transaction?

The filing shows 60,052 shares beneficially owned following the reported transaction.

Why were the CVLT shares sold according to the filing?

The filing states the shares were sold solely to satisfy tax withholding obligations on vesting of restricted stock; proceeds were submitted to the IRS.

Who signed the Form 4 for Jennifer DiRico and when?

The form was signed by Danielle Abrahamsen, Attorney-in-Fact on 08/20/2025.

Does this Form 4 show any option exercises or derivative transactions for CVLT?

No. Table II for derivative securities contains no reported transactions; only a non-derivative sale of common stock is recorded.