Commvault (NASDAQ: CVLT) awards 1,258 performance stock units to accounting chief

Rhea-AI Filing Summary

Abrahamsen Danielle Nicole reported acquisition or exercise transactions in this Form 4 filing.

Commvault Systems Inc. Chief Accounting Officer Danielle Nicole Abrahamsen received a grant of 1,258 performance stock units tied to the company’s common stock. According to the award terms, granted on May 15, 2025, 33% of these units will vest after one year, with 8.375% vesting at the end of each following three‑month period. Each performance stock unit represents the right to receive one share of common stock when it vests.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Abrahamsen Danielle Nicole

Role Chief Accounting Officer

Type	Security	Shares	Price	Value
Grant/Award	Performance Stock Units	1,258	$0.00	--

Holdings After Transaction: Performance Stock Units — 1,258 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Performance stock units granted: 1,258 units Units following transaction: 1,258 units Initial vesting portion: 33% +3 more

6 metrics

Performance stock units granted 1,258 units Grant earned and reported for Chief Accounting Officer

Units following transaction 1,258 units Total performance stock units held after this grant

Initial vesting portion 33% Vests on first anniversary of May 15, 2025 grant date

Ongoing quarterly vesting 8.375% Vests at end of each successive three-month period

Conversion ratio 1 PSU = 1 share Each performance stock unit equals one common share on vesting

Award price per unit $0.0000 per unit Stated transaction price for the performance stock unit grant

Key Terms

Performance Stock Units, vesting, Common Stock, derivative

4 terms

Performance Stock Units financial

"security_title: "Performance Stock Units""

Performance stock units are a type of company award that grants employees shares of stock only if certain performance goals are met. They motivate employees to work toward specific company achievements, aligning their interests with those of shareholders. For investors, they can influence a company's future stock supply and reflect management’s confidence in reaching key targets.

vesting financial

"will vest on the first anniversary of the grant date and 8.375% will vest"

Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.

Common Stock financial

"Each PSU represents the right to receive one share of common stock."

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

derivative financial

"transaction_type": "derivative""

A derivative is a financial contract whose value depends on the price or performance of another asset or measure — for example a stock, index, interest rate, commodity, or currency. Investors use derivatives like insurance or leveraged bets to hedge risk, speculate, or gain exposure without owning the underlying asset; they can protect portfolios but also amplify losses and introduce counterparty and market risk.

Form 4 Insider Transactions: What Each Field Means →

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^*

Abrahamsen Danielle Nicole

(Last) (First) (Middle)

1 COMMVAULT WAY

(Street)

TINTON FALLS NEW JERSEY 07724

(City) (State) (Zip)

UNITED STATES

(Country)

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 Accounting Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/22/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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

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
Performance Stock Units	(1)	04/22/2026		A		1,258		(1)	(1)	Common Stock	1,258	(1)	1,258	D

Explanation of Responses:

1. Granted on May 15, 2025, represents the number of shares determined to have been earned based upon the performance criteria and that remain subject to additional time-based vesting criteria. 33% of these performance stock units ("PSUs") will vest on the first anniversary of the grant date and 8.375% will vest at the end of each successive three-month period thereafter. Each PSU represents the right to receive one share of common stock.

Remarks:

	/s/ Danielle Abrahamsen	04/24/2026
	** 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.
* Form 4: SEC 1474 (03-26)