Mirchandani Sanjay sold CVLT
May 18, 2026 · Form 4 insider transaction
Mirchandani Sanjay sold 8,457 shares of Commvault Systems, Inc. at $104.54 per share, a transaction worth $884.1K. The trade was recorded as open-market sale and disclosed on an SEC Form 4, filed 1 day after the transaction.
Footnotes
Represents shares automatically sold solely to satisfy tax withholding obligations of the Reporting Person on vesting of restricted stock. Proceeds from the sale were submitted to the Internal Revenue Service.; 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.