CVLT Form 4: Allison Pickens awarded 1,189 RSUs, vesting in 2026

Rhea-AI Filing Summary

Allison Pickens, a director of Commvault Systems (CVLT), was granted 1,189 restricted stock units (RSUs) on 08/07/2025. The award is recorded as an acquisition at no cash price and increases her beneficial ownership to 5,856 common shares. The RSUs are subject to a single vesting event: they vest 100% on the later of the one-year anniversary of the grant or the date of the 2026 Annual Meeting of Shareholders.

The grant aligns a board member’s compensation with shareholder value by delivering equity rather than cash and formally appears on a Form 4 insider report as an acquisition of non-derivative securities. The filing was submitted by an attorney-in-fact on behalf of the reporting person and includes the required explanatory note on vesting.

Positive

• 1,189 RSUs granted to Director Allison Pickens, increasing her stake to 5,856 shares
• Vesting conditions are clear: 100% vesting on the later of one year or the 2026 Annual Meeting, aligning incentives
• Grant recorded at $0, confirming the award is equity-based (restricted stock units) rather than a paid purchase

Negative

• None.

Insights

Corporate Governance Expert

Board equity award aligns director incentives; terms are time-based with a single vesting event.

The reported grant of 1,189 RSUs to Director Allison Pickens is a standard equity-based retainer or incentive typical for non-employee directors. The award vests 100% on the later of one year from grant or the 2026 annual meeting, which is a straightforward time-based schedule that encourages medium-term alignment with shareholders. Because the award is equity settled at $0 exercise price, it increases the director's stake to 5,856 shares and ties compensation directly to stock performance without immediate cash outlay by the company.

Securities/Insider Reporting Analyst

Form 4 correctly reports a non-derivative acquisition of 1,189 shares via RSUs; disclosure is routine and informational.

The filing documents a non-derivative acquisition coded as an acquisition (A) with a reported price of $0, consistent with restricted stock units rather than a market purchase. The disclosure includes the post-transaction beneficial ownership total of 5,856 shares and a vesting explanation. From an insider-reporting perspective, the form provides the requisite details for market transparency: reporter identity, relationship (Director), transaction date, number of shares acquired, and vesting conditions.

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^*

Pickens Allison

(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	5,856	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 Form 4 reports an acquisition of 1,189 restricted stock units (RSUs) by director Allison Pickens on 08/07/2025.

Who filed the insider report for CVLT?

The reporting person is listed as Allison Pickens, identified as a Director; the form was signed by an attorney-in-fact on her behalf.

How many shares does Allison Pickens own after the reported transaction?

The filing shows a post-transaction beneficial ownership of 5,856 common shares.

What are the vesting terms 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 2026 Annual Meeting of Shareholders.

Was there a cash price for the shares reported?

The transaction is recorded with a price of $0, consistent with restricted stock unit grants rather than a market purchase.