Commvault Systems (CVLT) CFO sales split between taxes, plan

Rhea-AI Filing Summary

COMMVAULT SYSTEMS INC (CVLT) reported insider transactions by its Chief Financial Officer, Gary Merrill. Merrill reported two open-market sales of Common Stock totaling 3,147 shares. On August 18, 2026, he sold 1,854 shares at $143.64 per share solely to satisfy tax withholding obligations on vested restricted and performance stock, with proceeds remitted to the IRS. On August 19, 2026, he sold 1,293 shares at $142.80 per share pursuant to an existing Rule 10b5-1 trading plan adopted on November 20, 2024 and amended on June 13, 2025.

Insider Trade Summary 10b5-1

Net Seller: 3,147 shares

Net Sell 2 txns

Insider Merrill Gary

Role Chief Financial Officer

Sold 3,147 shs ($451K)

Type	Security	Shares	Price	Value
Sale	Common Stock F2	1,293	$142.80	$185K
Sale	Common Stock F1	1,854	$143.64	$266K

Holdings After Transaction: Common Stock — 69,628 shares (Direct)

Footnotes (2)

1. F1. Represents shares automatically sold solely to satisfy tax withholding obligations of reporting person on vesting of restricted and performance stock. Proceeds from the sale were submitted to the Internal Revenue Service.
2. 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 20, 2024, as amended on June 13, 2025.

Key Figures

Shares sold for tax withholding: 1,854 shares Price per share (tax withholding sale): $143.64 per share Shares sold under Rule 10b5-1 plan: 1,293 shares +4 more

7 metrics

Shares sold for tax withholding 1,854 shares Common Stock sold on August 18, 2026 to satisfy tax withholding

Price per share (tax withholding sale) $143.64 per share Sale of 1,854 Common Stock shares on August 18, 2026

Shares sold under Rule 10b5-1 plan 1,293 shares Common Stock sold on August 19, 2026 pursuant to trading plan

Price per share (10b5-1 sale) $142.80 per share Sale of 1,293 Common Stock shares on August 19, 2026

Total shares sold 3,147 shares Aggregate of reported Common Stock sales in this Form 4

Rule 10b5-1 plan adoption date November 20, 2024 Adoption date of CFO’s trading plan cited in footnote

Rule 10b5-1 plan amendment date June 13, 2025 Amendment date of CFO’s trading plan cited in footnote

Key Terms

Rule 10b5-1 trading plan, tax withholding obligations, restricted and performance stock

3 terms

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.

tax withholding obligations financial

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

restricted and performance stock financial

"on vesting of restricted and performance stock. Proceeds from the sale were submitted"

FAQ

What insider transactions did CVLT CFO Gary Merrill report on this Form 4?

Gary Merrill reported two sales totaling 3,147 CVLT shares. One sale covered tax withholding on vested stock, and the other was executed under an existing Rule 10b5-1 trading plan.

How many CVLT shares did the CFO sell to cover tax withholding?

The CFO sold 1,854 CVLT shares at $143.64 on August 18, 2026 to satisfy tax withholding obligations on vesting of restricted and performance stock, with proceeds submitted to the Internal Revenue Service.

What was the size and price of the Rule 10b5-1 plan sale for CVLT?

Under a Rule 10b5-1 trading plan, the CFO sold 1,293 CVLT shares at $142.80 on August 19, 2026. The plan was adopted November 20, 2024 and amended June 13, 2025.

Were Gary Merrill’s CVLT stock sales under a Rule 10b5-1 plan?

One sale of 1,293 shares on August 19, 2026 was under a Rule 10b5-1 trading plan. The other sale of 1,854 shares was solely to cover tax withholding on vesting.

What is the total number of CVLT shares sold by the CFO in this Form 4?

The Form 4 reports total sales of 3,147 CVLT shares. This includes 1,854 shares sold for tax withholding purposes and 1,293 shares sold under a Rule 10b5-1 trading plan.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 08/19/2026 - 05:36 PM Accepted by SEC EDGAR 08/19/2026 - 05:36 PM 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).

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^*

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)
08/18/2026

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)	08/18/2026		S		1,854	D	$143.64	70,921	D
Common Stock(2)	08/19/2026		S		1,293	D	$142.8	69,628	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 automatically sold solely to satisfy tax withholding obligations of reporting person on vesting of restricted and performance stock. Proceeds from the sale were submitted to the Internal Revenue Service.

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 20, 2024, as amended on June 13, 2025.

Remarks:

	/s/ Danielle Abrahamsen, Attorney-in-Fact	08/19/2026
	** 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)