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

Rhea-AI Filing Summary

Merrill Gary, Chief Commercial Officer and director of Commvault Systems, Inc. (CVLT), reported a sale of 2,628 shares of the company's common stock on 08/18/2025 at $178.03 per share. The filing states the shares were automatically sold solely to satisfy tax withholding obligations upon the vesting of restricted stock, and the proceeds were submitted to the Internal Revenue Service. After the sale, Mr. Gary beneficially owned 87,081 shares, held directly. The Form 4 was signed by an attorney-in-fact on behalf of the reporting person. The disclosure is a routine insider tax-withholding sale rather than a discretionary stock sale for other purposes.

Positive

• Transaction was for tax withholding on vested restricted stock, indicating the sale was procedural rather than a discretionary cash sale
• Reporting person retains a material direct stake of 87,081 shares after the transaction

Negative

• None.

Insights

Securities Analyst

TL;DR: Routine insider sale to cover tax withholding; not indicative of broader change in ownership or company guidance.

The reported disposition of 2,628 shares at $178.03 is described explicitly as an automatic sale to satisfy tax-withholding on vested restricted stock, which is a common and mechanical transaction that does not reflect a voluntary cash-raising decision by the officer. The remaining direct beneficial ownership of 87,081 shares provides a view of the officer's continued stake. For investors, this type of Form 4 typically carries limited informational content about management sentiment or company fundamentals.

Corporate Governance Expert

TL;DR: Disclosure meets Section 16 reporting for a standard tax withholding disposition; no governance red flags evident.

The filing identifies the reporting person as both an officer and director, and documents a routine disposal tied to restricted stock vesting. The explicit explanation that proceeds were remitted to the IRS clarifies the transaction's purpose. There are no indications of related-party transfers, pledges, or derivative activity in this filing, and the single-line disclosure aligns with standard compliance practice under Section 16.

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
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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^*

Merrill Gary

(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 Commercial 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		2,628	D	$178.03	87,081	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 Merrill Gary report on the Form 4 for CVLT?

He reported a sale of 2,628 shares of Commvault Systems common stock on 08/18/2025 at $178.03 per share to satisfy tax withholding related to vested restricted stock.

Why were the 2,628 shares sold according to the filing?

The filing states the shares were automatically sold solely to satisfy tax withholding obligations on the vesting of restricted stock, and proceeds were submitted to the Internal Revenue Service.

How many shares does Merrill Gary beneficially own after the reported transaction?

He beneficially owns 87,081 shares following the reported sale, held in a direct ownership form.

What is Merrill Gary's role at Commvault Systems as listed on the form?

He is identified as an officer (Chief Commercial Officer) and a director in the Form 4 filing.

Does the Form 4 show any derivative transactions or pledges by Merrill Gary?

No derivative securities, pledges, or other indirect beneficial ownership items are reported in this Form 4; only the non-derivative sale is disclosed.