Commvault CCO sells 4,485 shares in tax trades

COMMVAULT SYSTEMS INC Chief Commercial Officer Gary Merrill reported open-market sales of company common stock.

Rhea-AI Filing Summary

COMMVAULT SYSTEMS INC Chief Commercial Officer Gary Merrill reported open-market sales of company common stock. On February 18, he sold 2,593 shares at an average price of $90.28 per share. On February 19, he sold an additional 1,892 shares at an average price of $91.28 per share.

After these transactions, Merrill directly held 64,725 shares following the first sale and 62,833 shares following the second. The filing states that the shares were automatically sold solely to satisfy tax withholding obligations upon vesting of restricted and performance stock, with proceeds remitted to the Internal Revenue Service, and that the sales were executed under an existing Rule 10b5-1 trading plan adopted in November 2024 and amended in June 2025.

Insider Trade Summary

Net Seller: 4,485 shares

Net Sell 2 txns

Insider Merrill Gary

Role Chief Commercial Officer

Sold 4,485 shs ($407K)

Type	Security	Shares	Price	Value
Sale	Common Stock	1,892	$91.28	$173K
Sale	Common Stock	2,593	$90.28	$234K

Holdings After Transaction: Common Stock — 62,833 shares (Direct)

Footnotes (2)

1. F1. Represents shares automatically sold solely to satisfy tax withholding obligations of reporting person on vesting of restricted and performance stock. Proceeds from the sale were submitted to the Internal Revenue Service.
2. F2. 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 20, 2024, as amended on June 13, 2025.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transactions did CVLT Chief Commercial Officer Gary Merrill report?

Gary Merrill reported two stock sales. He sold 2,593 shares of Commvault Systems common stock at $90.28 on February 18 and 1,892 shares at $91.28 on February 19, according to the Form 4 filing.

How many CVLT shares did Gary Merrill sell in the latest Form 4?

Merrill sold a total of 4,485 shares. The Form 4 shows 2,593 shares sold on February 18 at $90.28 per share and 1,892 shares sold on February 19 at $91.28 per share of Commvault Systems stock.

How many COMMVAULT SYSTEMS (CVLT) shares does Gary Merrill hold after these sales?

Merrill held 62,833 shares after the reported sales. The filing notes 64,725 shares directly owned after the February 18 sale and 62,833 shares directly owned following the additional February 19 sale of Commvault Systems common stock.

Were Gary Merrill’s CVLT stock sales part of a Rule 10b5-1 trading plan?

Yes, the sales were under a Rule 10b5-1 plan. The Form 4 states the transactions were effected pursuant to an existing Rule 10b5-1 trading plan adopted on November 20, 2024, and amended on June 13, 2025.

Why were the CVLT shares sold by Chief Commercial Officer Gary Merrill?

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

What type of security did Gary Merrill sell in the CVLT Form 4?

The transactions involved Commvault Systems common stock. Both reported trades were non-derivative transactions in common stock, executed as open-market sales as described in the Form 4 and its transaction code details.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

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Accepted by SEC EDGAR 02/20/2026 - 04:40 PM Learn about SEC filing dates

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^*

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)
02/18/2026

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)	02/18/2026		S		2,593	D	$90.28	64,725	D
Common Stock(2)	02/19/2026		S		1,892	D	$91.28	62,833	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 and performance stock. Proceeds from the sale were submitted to the Internal Revenue Service.

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 20, 2024, as amended on June 13, 2025.

Remarks:

	/s/ Danielle Abrahamsen, Attorney-in-Fact	02/20/2026
	** 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.