Commvault (NASDAQ: CVLT) CAO reports stock grant and planned share sales

Rhea-AI Filing Summary

COMMVAULT SYSTEMS INC Chief Accounting Officer Danielle Nicole Abrahamsen reported a mix of stock compensation and sales in recent transactions. She received 328 shares of common stock on May 21, 2026 at no cash cost, issued under a performance stock unit award tied to total shareholder return versus the Russell 3000 index.

She then sold 101 shares on May 22, 2026 at $107.391 per share and 277 shares on May 26, 2026 at $106.70 per share. Footnotes state that a portion of the shares was automatically sold solely to satisfy tax withholding obligations on vesting, with proceeds remitted to the IRS, and that the sale reported here was executed under an existing Rule 10b5-1 trading plan adopted on February 17, 2026.

After these transactions, she directly holds 13,166 shares of Commvault common stock, indicating that only a small part of her overall position was involved.

Insider Trade Summary 10b5-1

Net Seller: 50 shares

Net Sell 3 txns

Insider Abrahamsen Danielle Nicole

Role Chief Accounting Officer

Sold 378 shs ($40K)

Type	Security	Shares	Price	Value
Sale	Common Stock	277	$106.70	$30K
Sale	Common Stock	101	$107.391	$11K
Grant/Award	Common Stock	328	$0.00	$0.00

Holdings After Transaction: Common Stock — 13,166 shares (Direct)

Footnotes (3)

1. F1. Represents shares issued in connection with the Company's total shareholder return satisfying specified benchmarks relative to the Russell 3000 index pursuant to the terms of a performance stock unit award granted on May 15, 2024.
2. F2. Represents shares automatically sold solely to satisfy tax withholding obligations of reporting person on vesting of performance stock. Proceeds from the sale were submitted to the Internal Revenue Service.
3. F3. 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.

Key Figures

Stock award shares: 328 shares First sale: 101 shares at $107.391 Second sale: 277 shares at $106.70 +3 more

6 metrics

Stock award shares 328 shares Performance stock unit vesting on May 21, 2026

First sale 101 shares at $107.391 Open-market sale on May 22, 2026

Second sale 277 shares at $106.70 Open-market sale on May 26, 2026

Total shares sold 378 shares Net sell activity in this Form 4

Shares held after transactions 13,166 shares Direct ownership following May 26, 2026 sale

Award grant date reference May 15, 2024 Original performance stock unit award date

Key Terms

performance stock unit award, total shareholder return, Russell 3000 index, tax withholding obligations, +1 more

5 terms

performance stock unit award financial

"pursuant to the terms of a performance stock unit award granted on May 15, 2024"

total shareholder return financial

"the Company's total shareholder return satisfying specified benchmarks relative to the Russell 3000 index"

Total shareholder return is the overall gain an investor gets from owning a stock, combining changes in the share price plus any cash payouts like dividends, and assuming those payouts are reinvested in more shares. Investors use it like a single score that shows the true return on their investment—similar to checking both the growth of a savings account and the interest earned—to compare how well different companies or investments perform over time.

Russell 3000 index financial

"specified benchmarks relative to the Russell 3000 index pursuant to the terms"

A broad stock market index that tracks the performance of the roughly 3,000 largest publicly traded U.S. companies by total market value, representing almost the entire U.S. equity market. Investors use it like a big basket or thermometer: it provides a simple snapshot of overall U.S. stock market health, serves as a benchmark for funds and portfolios, and helps measure diversification, risk and returns over time.

tax withholding obligations financial

"shares automatically sold solely to satisfy tax withholding obligations of reporting person"

Rule 10b5-1 trading plan financial

"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.

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 05/26/2026 - 05:51 PM Learn about SEC filing dates

FAQ

What insider transactions did CVLT Chief Accounting Officer Danielle Abrahamsen report?

Danielle Abrahamsen reported receiving 328 Commvault common shares as a stock award and selling 378 shares in two small transactions. These included 101 shares at $107.391 and 277 shares at $106.70, leaving her with 13,166 shares directly owned.

How many CVLT shares does the reporting officer hold after these Form 4 transactions?

After the reported transactions, Danielle Abrahamsen holds 13,166 Commvault common shares directly. This reflects the net effect of a 328-share stock award and 378 shares sold, so only a modest portion of her total equity position changed hands.

Were Danielle Abrahamsen’s CVLT share sales part of a Rule 10b5-1 trading plan?

Yes. A footnote explains that the sale reported in this Form 4 was carried out under an existing Rule 10b5-1 trading plan adopted on February 17, 2026. Such plans pre-schedule trades, indicating these sales were planned rather than discretionary.

Why were some of Danielle Abrahamsen’s CVLT shares sold automatically?

A footnote states that certain shares were automatically sold solely to cover tax withholding obligations arising from vesting performance stock. Proceeds from these sales were submitted to the Internal Revenue Service, making them tax-driven dispositions rather than discretionary market sales.

How was the 328-share CVLT stock award to Danielle Abrahamsen determined?

The 328 shares were issued because Commvault’s total shareholder return met specified benchmarks relative to the Russell 3000 index. This grant came from a performance stock unit award granted on May 15, 2024, linking the payout to longer-term stock performance versus that index.

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^*

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)
05/21/2026

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)	05/21/2026		A		328	A	$0	13,544	D
Common Stock(2)	05/22/2026		S		101	D	$107.391	13,443	D
Common Stock(3)	05/26/2026		S		277	D	$106.7	13,166	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 issued in connection with the Company's total shareholder return satisfying specified benchmarks relative to the Russell 3000 index pursuant to the terms of a performance stock unit award granted on May 15, 2024.

2. Represents shares automatically sold solely to satisfy tax withholding obligations of reporting person on vesting of performance stock. Proceeds from the sale were submitted to the Internal Revenue Service.

3. 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 Abrahamsen	05/26/2026
	** 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)