Commvault (NASDAQ: CVLT) CFO receives 12,294-share restricted stock grant

Rhea-AI Filing Summary

Merrill Gary reported acquisition or exercise transactions in this Form 4 filing.

Commvault Systems Inc. Chief Financial Officer Gary Merrill received a grant of 12,294 shares of common stock in the form of restricted stock units on April 13, 2026. These units carry no purchase price and represent equity-based compensation rather than an open-market share purchase.

The award vests over three years: 33% on the first anniversary of the grant date and 8.375% at the end of each following three-month period until fully vested. After this grant, Merrill directly holds 75,127 shares of Commvault common stock, reflecting his ongoing equity stake in the company.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Merrill Gary

Role Chief Financial Officer

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	12,294	$0.00	--

Holdings After Transaction: Common Stock — 75,127 shares (Direct)

Footnotes (1)

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Key Figures

RSU grant size: 12,294 shares Post-transaction holdings: 75,127 shares Vesting term: 3 years +2 more

5 metrics

RSU grant size 12,294 shares Restricted stock units granted on April 13, 2026

Post-transaction holdings 75,127 shares Total common stock held directly after grant

Vesting term 3 years Restricted stock units vest over three years

Initial vesting tranche 33% Vests on first anniversary of the grant date

Subsequent vesting rate 8.375% Vests at end of each successive three-month period

Key Terms

restricted stock units, vesting schedule, grant, award, or other acquisition

3 terms

restricted stock units financial

"The common stock is being granted as restricted stock units and is subject to a 3-year vesting schedule"

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.

vesting schedule financial

"subject to a 3-year vesting schedule, as follows: 33% will vest on the first anniversary"

A vesting schedule is a timeline that determines when someone gains full ownership of certain benefits, such as company stock or retirement contributions. Think of it like earning the right to own a gift gradually over time, rather than receiving it all at once. It matters to investors because it affects when they can fully access or sell these benefits, influencing their financial planning and decision-making.

grant, award, or other acquisition financial

"transaction_code_description: Grant, award, or other acquisition"

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^*

Merrill Gary

(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 Financial Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/13/2026

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
Common Stock(1)	04/13/2026		A		12,294	A	$0	75,127	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 and is subject to a 3-year vesting schedule, as follows: 33% 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.

Remarks:

	/s/ Danielle Abrahamsen, Attorney-in-Fact	04/15/2026
	** 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)

FAQ

What insider transaction did CVLT CFO Gary Merrill report?

Gary Merrill, CFO of CVLT, reported receiving 12,294 shares of common stock as a restricted stock unit grant. The award is compensation-based, carries no purchase price, and increases his direct holdings to 75,127 shares after the transaction.

Was the CVLT insider transaction an open-market purchase or a grant?

The CVLT insider transaction was a grant, not an open-market purchase. Merrill received 12,294 restricted stock units at no cost, categorized as a “grant, award, or other acquisition” of common stock rather than buying shares on the open market.

How does the CVLT CFO restricted stock unit grant vest over time?

The CVLT CFO’s restricted stock unit grant vests over three years. According to the filing, 33% vests on the first anniversary of the grant date, with 8.375% vesting at the end of each subsequent three-month period until fully vested.

How many CVLT shares does CFO Gary Merrill hold after this Form 4 filing?

After the reported grant, CVLT CFO Gary Merrill directly holds 75,127 shares of common stock. This total includes the newly awarded 12,294 restricted stock units, which will vest over time according to the three-year vesting schedule disclosed in the filing.

What does the transaction code “A” mean in the CVLT Form 4 filing?

In the CVLT Form 4, transaction code “A” indicates a grant, award, or other acquisition of securities. Here, it represents the CFO’s receipt of 12,294 restricted stock units as equity compensation rather than a purchased or sold position in the open market.

Are the CVLT CFO’s newly granted shares immediately available to sell?

The newly granted CVLT shares are issued as restricted stock units and are not fully available immediately. They follow a three-year vesting schedule, with 33% vesting after one year and 8.375% vesting after each subsequent three-month period until complete.