Commvault CEO gifts 40,734 shares to 2026 GRAT

COMMVAULT SYSTEMS INC President & CEO Sanjay Mirchandani reported an internal share transfer classified as a bona fide gift.

Rhea-AI Filing Summary

COMMVAULT SYSTEMS INC President & CEO Sanjay Mirchandani reported an internal share transfer classified as a bona fide gift. On June 11, 2026, he transferred 40,734 shares of common stock from his direct holdings to the "Sanjay S. Mirchandani 2026 GRAT," a grantor retained annuity trust for his and his children’s benefit. After the transfer, he directly holds 281,810 shares and indirectly holds 40,734 shares through the trust. The filing notes this is not a market transaction and no price was involved.

Insider Trade Summary

81,468 shares gifted

Gift 2 txns

Insider Mirchandani Sanjay

Role President & CEO

Type	Security	Shares	Price	Value
Gift	Common Stock	40,734	$0.00	$0.00
Gift	Common Stock	40,734	$0.00	$0.00

Holdings After Transaction: Common Stock — 281,810 shares (Direct); Common Stock — 40,734 shares (Indirect, By Sanjay S. Mirchandani 2026 GRAT)

Footnotes (1)

1. F1. Represents a transfer of 40,734 shares previously reported as directly held by the reporting person to Sanjay S. Mirchandani 2026 GRAT, of which the reporting person is the trustee and grantor and which is for the benefit of the reporting person and the reporting person's children. The reporting person maintains indirect beneficial ownership of such shares but disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein. This is not a market transaction, thus no price has been reported.

Key Figures

Shares transferred to 2026 GRAT: 40,734 shares Direct holdings after transaction: 281,810 shares Indirect holdings via 2026 GRAT: 40,734 shares +2 more

5 metrics

Shares transferred to 2026 GRAT 40,734 shares Bona fide gift on June 11, 2026

Direct holdings after transaction 281,810 shares Common stock held directly post-gift

Indirect holdings via 2026 GRAT 40,734 shares Common stock held indirectly after transfer

Total reported gift transactions 2 entries Both coded G as bona fide gifts

Reported gift shares summary 81,468 shares Aggregate giftShares in transactionSummary

Key Terms

bona fide gift, GRAT, indirect beneficial ownership, pecuniary interest

4 terms

bona fide gift financial

"transaction_code_description": "Bona fide gift""

A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.

GRAT financial

"By Sanjay S. Mirchandani 2026 GRAT"

indirect beneficial ownership financial

"The reporting person maintains indirect beneficial ownership of such shares"

pecuniary interest financial

"disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein"

FAQ

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

What did CVLT CEO Sanjay Mirchandani report in this Form 4 filing?

He reported a bona fide gift transfer of 40,734 Commvault common shares from his direct holdings to a 2026 GRAT trust, changing only how the shares are held, not creating a market trade or sale.

How many Commvault (CVLT) shares did the CEO transfer to the 2026 GRAT?

The CEO transferred 40,734 shares of Commvault common stock to the Sanjay S. Mirchandani 2026 GRAT. This is characterized as a bona fide gift and internal estate-planning move, with no transaction price reported in the filing.

How many CVLT shares does Sanjay Mirchandani hold directly after this transaction?

Following the gift transfer, Sanjay Mirchandani directly holds 281,810 shares of Commvault common stock. The filing shows this post-transaction balance, reflecting the reduction from moving 40,734 shares into the separate GRAT trust.

What indirect ownership in Commvault (CVLT) shares does the CEO report after the gift?

After the transaction, the CEO reports 40,734 Commvault shares held indirectly through the 2026 GRAT. He is trustee and grantor of the trust but disclaims beneficial ownership beyond his pecuniary interest, as described in the footnote.

Was the CVLT CEO’s Form 4 transaction a market sale or purchase?

No, the filing explicitly states this was not a market transaction. It is reported under code G as a bona fide gift, moving shares into a GRAT trust with no price per share reported and no open-market trading.

Does the CVLT Form 4 indicate any option exercises or derivative transactions?

The Form 4 data show no derivative transactions or option exercises. All reported activity involves non-derivative common stock and consists solely of a gift transfer to the 2026 GRAT, with the derivativeSummary section remaining empty.

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

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Accepted by SEC EDGAR 06/15/2026 - 04:10 PM EDT 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).

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^*

Mirchandani Sanjay

(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
X	Officer (give title below)		Other (specify below)
	President & CEO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/11/2026

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	06/11/2026		G(1)		40,734	D	$0	281,810	D
Common Stock	06/11/2026		G(1)		40,734	A	$0	40,734	I	By Sanjay S. Mirchandani 2026 GRAT

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 a transfer of 40,734 shares previously reported as directly held by the reporting person to Sanjay S. Mirchandani 2026 GRAT, of which the reporting person is the trustee and grantor and which is for the benefit of the reporting person and the reporting person's children. The reporting person maintains indirect beneficial ownership of such shares but disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein. This is not a market transaction, thus no price has been reported.

Remarks:

	/s/ Danielle Abrahamsen, Attorney-in-Fact	06/15/2026
	** 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)