CVLT Insider Activity: 1,189 RSUs Granted; 612 Shares Sold at $182.92

Rhea-AI Filing Summary

Sanders A. Shane, a director of Commvault Systems, Inc. (CVLT), reported a grant of 1,189 restricted stock units (RSUs) on 08/07/2025. The RSUs are recorded as common stock and will vest 100% on the later of the one-year anniversary of the grant or the date of the 2026 Annual Meeting of Shareholders; the filing shows his beneficial ownership at 8,023 shares prior to the sale.

On 08/11/2025 Mr. Shane sold 612 shares at $182.92. The sale was effected pursuant to an existing Rule 10b5-1 trading plan adopted by the reporting person on November 14, 2024. After the reported transactions his direct beneficial ownership is shown as 7,411 shares. The Form 4 was executed on 08/11/2025 by an attorney-in-fact, Danielle Abrahamsen.

Insights

Financial Analyst

TL;DR: Director granted 1,189 RSUs and sold 612 shares under a 10b5-1 plan; reported changes appear routine and pre-arranged.

The filing documents a non-cash equity award of 1,189 RSUs to director Sanders A. Shane on 08/07/2025 and a subsequent sale of 612 shares at $182.92 on 08/11/2025. The sale was executed under a Rule 10b5-1 trading plan adopted on November 14, 2024, which indicates the disposition was pre-planned rather than an ad-hoc sale. Reported direct beneficial ownership moved from 8,023 shares to 7,411 shares. From a financial-materiality perspective, the report documents routine insider compensation and a planned share sale; it does not, on its face, disclose extraordinary transactions or changes to capital structure.

Corporate Governance Expert

TL;DR: Governance filing shows standard director equity award with clear vesting terms and a Rule 10b5-1 sale, both properly disclosed on Form 4.

The Form 4 specifies that the RSUs vest 100% on the later of one year after grant or the 2026 Annual Meeting, providing explicit vesting conditions. The reported sale of 612 shares was disclosed as executed under an existing 10b5-1 plan adopted November 14, 2024, and the filing was signed by an attorney-in-fact on 08/11/2025. These elements align with standard disclosure and pre-arranged trading plan practices, and the filing contains the necessary factual detail about dates, share counts, and price.

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).

X

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^*

Sanders A Shane

(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	8,023	D
Common Stock(2)	08/11/2025		S	V	612	D	$182.92	7,411	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.

2. The sale reported in this Form 4 was effected pursuant to an existing Rule 10b5-1 trading plan adopted by the reporting person on November 14, 2024.

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

Who filed the Form 4 for Commvault (CVLT)?

The Form 4 was filed on behalf of Sanders A. Shane, identified in the filing as a director of Commvault Systems, Inc.

What equity was granted to Sanders A. Shane on the Form 4?

On 08/07/2025 Mr. Shane was granted 1,189 restricted stock units (RSUs), recorded as common stock, with 100% vesting on the later of one year after grant or the 2026 Annual Meeting.

What shares were sold and at what price?

On 08/11/2025 Mr. Shane sold 612 shares at a price of $182.92 per share.

Was the sale part of a pre-arranged trading plan?

Yes. The Form 4 states the sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 14, 2024.

What is the reported beneficial ownership after these transactions?

Following the reported transactions the filing shows reported direct beneficial ownership of 7,411 shares (previously 8,023 shares before the sale).