Were the CVLT share sales by A. Shane Sanders under a Rule 10b5-1 plan?

Yes. The sale of 476 shares at $134.19 on 2026-08-10 was effected under an existing Rule 10b5-1 trading plan adopted by Sanders on November 21, 2025, indicating the trade was pre-arranged.

Commvault Systems (CVLT) director sells shares and receives 1,761 RSUs

Q: What insider transactions did CVLT director A. Shane Sanders report?

Sanders reported an award of 1,761 restricted stock units on 2026-08-06 and a sale of 476 shares at $134.19 per share on 2026-08-10, both involving Commvault common stock.

Q: What equity award did CVLT grant to director A. Shane Sanders?

Sanders received 1,761 restricted stock units of Commvault common stock on 2026-08-06. The award vests 100% on the later of the one-year anniversary of the grant date or the company’s 2027 Annual Meeting of Stockholders .

Q: At what price did CVLT director Sanders sell shares on 2026-08-10?

Sanders sold 476 shares of Commvault common stock at a price of $134.19 per share on 2026-08-10 in an open-market or private transaction under a Rule 10b5-1 plan.

Q: Is the 2026 equity award to CVLT director Sanders immediately vested?

No. The 1,761 restricted stock units granted to Sanders vest 100% only on the later of the one-year anniversary of the grant date or the 2027 Annual Meeting of Stockholders , so they do not vest immediately.

Filing Impact

(Neutral)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

Commvault Systems Inc. director A. Shane Sanders reported two equity transactions in company common stock. On 2026-08-06, Sanders received an award of 1,761 restricted stock units, which will vest 100% on the later of the one-year anniversary of grant or the 2027 Annual Meeting of Stockholders. On 2026-08-10, Sanders sold 476 shares at $134.19 per share in the open market pursuant to an existing Rule 10b5-1 trading plan adopted on November 21, 2025.

Insider Trade Summary 10b5-1

Net Buyer: 1,285 shares

Net Buy 2 txns

Insider Sanders A Shane

Role Director

Sold 476 shs ($64K)

Type	Security	Shares	Price	Value
Sale	Common Stock ^F2	476	$134.19	$64K
Grant/Award	Common Stock ^F1	1,761	$0.00	$0.00

Holdings After Transaction: Common Stock — 8,696 shares (Direct)

Footnotes (2)

F1. 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 2027 Annual Meeting of Stockholders.
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 21, 2025.

Key Figures

RSU award: 1,761 shares Shares sold: 476 shares Sale price: $134.19 per share +2 more

5 metrics

RSU award 1,761 shares Restricted stock units granted on 2026-08-06

Shares sold 476 shares Common stock sale on 2026-08-10

Sale price $134.19 per share Price for 476-share sale on 2026-08-10

Rule 10b5-1 plan adoption date November 21, 2025 Plan governing the 2026-08-10 share sale

RSU vesting condition 2027 Annual Meeting of Stockholders RSUs vest on later of one-year anniversary or this meeting

Key Terms

restricted stock units, Rule 10b5-1 trading plan, Annual Meeting of Stockholders

3 terms

restricted stock units financial

"The common stock is being granted as restricted stock units, 100% of which"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

Rule 10b5-1 trading plan regulatory

"The sale reported in this Form 4 was effected pursuant to an existing Rule 10b5-1 trading plan"

A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.

Annual Meeting of Stockholders other

"vest on the later of the one-year anniversary of the date of grant or the date of the 2027 Annual Meeting of Stockholders"

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

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 08/10/2026 - 05:42 PM Accepted by SEC EDGAR 08/10/2026 - 05:42 PM

FAQ

What insider transactions did CVLT director A. Shane Sanders report?

Sanders reported an award of 1,761 restricted stock units on 2026-08-06 and a sale of 476 shares at $134.19 per share on 2026-08-10, both involving Commvault common stock.

What equity award did CVLT grant to director A. Shane Sanders?

Sanders received 1,761 restricted stock units of Commvault common stock on 2026-08-06. The award vests 100% on the later of the one-year anniversary of the grant date or the company’s 2027 Annual Meeting of Stockholders.

At what price did CVLT director Sanders sell shares on 2026-08-10?

Sanders sold 476 shares of Commvault common stock at a price of $134.19 per share on 2026-08-10 in an open-market or private transaction under a Rule 10b5-1 plan.

Is the 2026 equity award to CVLT director Sanders immediately vested?

No. The 1,761 restricted stock units granted to Sanders vest 100% only on the later of the one-year anniversary of the grant date or the 2027 Annual Meeting of Stockholders, so they do not vest immediately.

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^*

Sanders A Shane

(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)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/06/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock⁽¹⁾	08/06/2026		A		1,761	A	$0	9,172	D
Common Stock⁽²⁾	08/10/2026		S		476	D	$134.19	8,696	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

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 2027 Annual Meeting of Stockholders.

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 21, 2025.

Remarks:

	/s/ Danielle Abrahamsen, Attorney-in-Fact	08/10/2026
	** 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)

Source: View Original Filing on SEC EDGAR