CVLT CFO auto-sells 830 shares to cover vesting tax

Rhea-AI Filing Summary

Commvault Systems Inc. (CVLT) reported that its Chief Financial Officer sold a small portion of company stock in a tax-related transaction. On 11/18/2025, the CFO sold 830 shares of common stock at a weighted average price of $123.58 per share, in multiple trades executed between $123.58 and $124.29. The shares were automatically sold solely to satisfy tax withholding obligations triggered by the vesting of restricted and performance stock, and the proceeds were remitted to the Internal Revenue Service.

After this transaction, the CFO beneficially owned 44,313 shares of Commvault common stock, held directly.

Insider Trade Summary

Net Seller: 830 shares ($102,571)

Net Sell 1 txn

Insider DiRico Jennifer Leigh

Role Chief Financial Officer

Sold 830 shs ($103K)

Type	Security	Shares	Price	Value
Sale	Common Stock	830	$123.58	$103K

Holdings After Transaction: Common Stock — 44,313 shares (Direct)

Footnotes (1)

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. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $123.58 to $124.29, inclusive. Full information regarding the number of shares sold at each separate price will be provided by the reporting person upon request to the staff of the Securities and Exchange Commission, the issuer, or a security holder of the issuer.

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^*

DiRico Jennifer Leigh

(Last) (First) (Middle)

1 COMMVAULT WAY

(Street)

TINTON FALLS NJ 07724

(City) (State) (Zip)

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

3. Date of Earliest Transaction (Month/Day/Year)
11/18/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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)	11/18/2025		S		830	D	$123.58(2)	44,313	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 price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $123.58 to $124.29, inclusive. Full information regarding the number of shares sold at each separate price will be provided by the reporting person upon request to the staff of the Securities and Exchange Commission, the issuer, or a security holder of the issuer.

Remarks:

	/s/ Danielle Abrahamsen, Attorney-in-Fact	11/20/2025
	** 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.

FAQ

What did Commvault Systems (CVLT) disclose in this Form 4?

The report shows that Commvault Systems' Chief Financial Officer sold 830 shares of common stock on 11/18/2025 in an automatic transaction related to tax withholding on vested restricted and performance stock.

How many Commvault (CVLT) shares did the CFO sell and at what price?

The CFO sold 830 shares of Commvault common stock at a weighted average price of $123.58 per share, with individual transaction prices ranging from $123.58 to $124.29.

Why were the Commvault CFO's shares sold in this transaction?

The shares were automatically sold solely to satisfy the CFO's tax withholding obligations arising from the vesting of restricted and performance stock, and the proceeds were submitted to the Internal Revenue Service.

How many Commvault (CVLT) shares does the CFO own after this transaction?

Following the reported sale, the CFO beneficially owned 44,313 shares of Commvault common stock in direct ownership.

Was this Commvault CFO transaction made under a Rule 10b5-1 trading plan?

The report includes a checkbox to indicate Rule 10b5-1(c) plan trades, but the provided content does not show that this box was selected for the transaction.

Does this Commvault Form 4 report any derivative securities activity?

The section for derivative securities is present but does not list any derivative transactions or holdings for this reporting event.