Merrill Gary 4

What Happened Gary Merrill, Chief Commercial Officer of Commvault Systems, sold a total of 4,485 shares in two open-market transactions: 2,593 shares on Feb 18, 2026 at $90.28 ($234,096) and 1,892 shares on Feb 19, 2026 at $91.28 ($172,702), for combined proceeds of about $406,798. These were sales (not purchases), which are often routine and do not necessarily signal a change in insider sentiment.

Key Details

• Transaction dates & prices:
  • Feb 18, 2026 — 2,593 shares sold at $90.28 each; proceeds $234,096. (Footnote F1)
  • Feb 19, 2026 — 1,892 shares sold at $91.28 each; proceeds $172,702. (Footnote F2)
• Total shares sold: 4,485; total proceeds: ~$406,800.
• Shares owned after the transactions: not stated in the filing.
• Footnotes of note:
  • F1: Some shares were automatically sold to satisfy tax-withholding obligations on vesting of restricted/performance stock; proceeds submitted to the IRS.
  • F2: The Feb 19 sale was effected pursuant to an existing Rule 10b5-1 trading plan (adopted Nov 20, 2024; amended Jun 13, 2025).
• Filing timeliness: Report filed Feb 20, 2026 for transactions on Feb 18–19, 2026; no late filing indicated.

Context Sales tied to tax withholding or executed under a pre-established 10b5-1 plan are common ways insiders monetize vested awards and are generally considered routine. Because these were sales (and not purchases), they provide limited insight into the insider's view of Commvault's stock; they primarily reflect tax obligations and planned disposition.