Commvault (CVLT) Director Nicola Adamo Sells 1,530 Shares

What Happened

• Nicola Adamo, a director of Commvault Systems, sold 1,530 shares in an open-market sale on September 11, 2026. The shares were disposed at $131.66 per share, generating gross proceeds of approximately $201,440. This was a sale (not a purchase or option exercise) and is typically viewed as routine insider selling rather than a direct signal of company prospects.

Key Details

• Transaction date and price: 2026-09-11 at $131.66 per share (sale, code S).
• Shares sold: 1,530; Gross proceeds: ~$201,440.
• Shares owned after transaction: Not specified in the Form 4 filing provided.
• 10b5-1/other plan or footnotes: No 10b5-1 plan or special footnotes disclosed in the filing summary.
• Filing timeliness: Report filed 2026-09-15 — within the two-business-day window following the transaction (timely).

Context

• Sales by directors can be for many personal or portfolio reasons and do not necessarily indicate a change in view about the company. Because this was an outright open-market sale (not an option exercise, gift, or award), it reflects a disposition of existing shares rather than acquisition activity.