Mirchandani Sanjay bought CVLT
May 15, 2026 · Form 4 insider transaction
Mirchandani Sanjay bought 926 shares of Commvault Systems, Inc. at $0.00 per share, a transaction worth N/A. The trade was recorded as option exercise and disclosed on an SEC Form 4, filed 4 days after the transaction.
Footnotes
Granted on May 15, 2025, represents 926 performance stock units ("PSUs") vested on the first anniversary of the grant date. The remaining 1,879 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 amount of securities beneficially owned includes (a) shares of Common Stock owned outright by the Reporting Person and (b) shares underlying earned PSUs and restricted stock units ("RSUs") that remain subject to time-based vesting criteria. The amount excludes the following shares mistakenly included in prior Forms 4: (i) 12,968 shares attributable to a total shareholder return ("TSR") PSU award granted on May 15, 2023, (ii) 22,778 shares attributable to a TSR PSU award granted on May 15, 2024, (iii) 25,497 shares attributable to a TSR PSU award granted on May 15, 2025, and (iv) 1,011 shares to correct a historical balance discrepancy. Going forward, PSUs will be reported on Form 4 in Table I once earned.