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Commvault (NASDAQ: CVLT) accounting chief reports stock grants, PSU vesting and 925-share tax sale

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Filing Sentiment
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Form Type
4

Rhea-AI Filing Summary

COMMVAULT SYSTEMS INC Chief Accounting Officer Danielle Nicole Abrahamsen reported a mix of stock grants, vesting, and related share sales. On May 15, 2026, she received 3,897 shares of common stock as restricted stock units with a three-year vesting schedule, and 415 performance stock units converted into common stock, part of an award that continues vesting through May 15, 2028.

On May 18, 2026, she sold a total of 925 common shares in two transactions at about $104.50 per share. A footnote states these shares were sold automatically to satisfy tax withholding obligations on vesting, with proceeds remitted to the tax authorities, and that the sale was effected under an existing Rule 10b5-1 trading plan. After the transactions, she directly holds 15,162 shares of Commvault common stock.

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Insider Abrahamsen Danielle Nicole
Role Chief Accounting Officer
Sold 925 shs ($97K)
Type Security Shares Price Value
Sale Common Stock 409 $104.54 $43K
Sale Common Stock 516 $104.50 $54K
Exercise Performance Stock Units 0 $0.00 --
Exercise Common Stock 415 $0.00 --
Grant/Award Common Stock 3,897 $0.00 --
Holdings After Transaction: Common Stock — 15,162 shares (Direct, null); Performance Stock Units — 0 shares (Direct, null)
Footnotes (1)
  1. Granted on May 15, 2025, represents 415 performance stock units ("PSUs") vested on the first anniversary of the grant date. The remaining 843 earned PSUs from this award, previously reported on Table II, are included in the Table I balance, subject to time-based vesting through May 15, 2028. Each PSU represents the right to receive one share of common stock. 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. Represents shares automatically sold solely to satisfy tax withholding obligations of the Reporting Person on vesting of restricted stock. Proceeds from the sale were submitted to the Internal Revenue Service. The sale reported in this Form 4 was effected pursuant to an existing Rule 10b5-1 trading plan adopted by the Reporting Person on February 17, 2026.
Shares sold 925 shares Common stock sold on May 18, 2026
Sale prices $104.50 and $104.54 per share Open-market sales on May 18, 2026
RSUs granted 3,897 shares Restricted stock units granted May 15, 2026
PSUs converted 415 units Performance stock units vesting into common stock May 15, 2026
Post-transaction holdings 15,162 shares Common stock held directly after May 18, 2026 sale
Rule 10b5-1 plan date February 17, 2026 Adoption date of trading plan covering the sale
PSU vesting horizon Through May 15, 2028 Remaining earned PSUs subject to time-based vesting
RSU vesting cadence 33% then 8.375% quarterly Three-year vesting schedule for restricted stock units
performance stock units financial
"represents 415 performance stock units ("PSUs") vested on the first anniversary"
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.
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.
tax withholding obligations financial
"Represents shares automatically sold solely to satisfy tax withholding obligations of the Reporting Person"
Rule 10b5-1 trading plan financial
"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.
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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*
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)
Director10% Owner
XOfficer (give title below)Other (specify below)
Chief Accounting Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
05/15/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Common Stock(1)05/15/2026M415A$011,674D
Common Stock(2)05/15/2026A3,897A$015,571D
Common Stock(3)05/18/2026S409D$104.5415,162D
Common Stock(4)05/18/2026S516D$104.514,646D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Performance Stock Units(1)05/15/2026M0 (1) (1)Common Stock415(1)0(1)D
Explanation of Responses:
1. Granted on May 15, 2025, represents 415 performance stock units ("PSUs") vested on the first anniversary of the grant date. The remaining 843 earned PSUs from this award, previously reported on Table II, are included in the Table I balance, subject to time-based vesting through May 15, 2028. Each PSU represents the right to receive one share of common stock.
2. 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.
3. Represents shares automatically sold solely to satisfy tax withholding obligations of the Reporting Person on vesting of restricted stock. Proceeds from the sale were submitted to the Internal Revenue Service.
4. The sale reported in this Form 4 was effected pursuant to an existing Rule 10b5-1 trading plan adopted by the Reporting Person on February 17, 2026.
Remarks:
/s/ Danielle Abrahamsen05/19/2026
** Signature of Reporting PersonDate
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

FAQ

What did CVLT executive Danielle Abrahamsen report in this Form 4?

Danielle Abrahamsen reported stock grants, performance unit vesting, and related share sales. She received 3,897 restricted stock units, 415 performance stock units converted to shares, and sold 925 shares tied to tax withholding, ending with 15,162 directly held shares.

How many Commvault (CVLT) shares did the officer sell and at what prices?

She sold 925 Commvault common shares in total. The sales occurred in two trades: 516 shares at $104.50 per share and 409 shares at $104.54 per share, both on May 18, 2026, according to the Form 4 disclosure.

Were the CVLT share sales by Danielle Abrahamsen discretionary or pre-planned?

The filing states the sale was effected under an existing Rule 10b5-1 trading plan. Such plans pre-schedule transactions, so timing is not decided at the moment of sale but follows instructions set in advance by the reporting person.

Why were some Commvault (CVLT) shares sold in this Form 4 filing?

A footnote explains the shares were automatically sold solely to satisfy tax withholding obligations upon vesting of restricted stock. Proceeds from these transactions were submitted to the Internal Revenue Service, indicating the sales were for tax payment rather than discretionary portfolio changes.

What stock awards did the CVLT Chief Accounting Officer receive?

She received 3,897 shares of common stock as restricted stock units and 415 performance stock units that vested into common stock. The restricted units follow a three-year vesting schedule, with 33% vesting after one year and 8.375% vesting each subsequent quarter.

How many Commvault (CVLT) shares does Danielle Abrahamsen hold after these transactions?

After the reported grants, vesting, and sales, she directly holds 15,162 shares of Commvault common stock. This figure comes from the post-transaction ownership line associated with the most recent reported sale on May 18, 2026.