Commvault (CVLT) Director Vivie Sells 595 Shares

What Happened
Director Vivie sold 595 shares of Commvault Systems Inc. (CVLT) in an open-market transaction on 2026-08-10 at $134.19 per share, generating proceeds of about $79,843. On 2026-08-06 Vivie was also granted 1,761 restricted stock units (RSUs) valued at $0 at grant (award), which vest 100% on the later of the one-year anniversary of the grant or the 2027 Annual Meeting of Stockholders.

Key Details

• Transaction dates and prices:
  • 2026-08-06: Award of 1,761 RSUs (grant price $0; RSUs vest per footnote).
  • 2026-08-10 (reported sale): 595 shares sold at $134.19 each, proceeds ≈ $79,843.
• Shares owned after transaction: Not specified in the information provided on this Form 4.
• Footnotes of note:
  • F1: RSUs vest 100% on the later of one-year anniversary of grant or the 2027 annual meeting.
  • F2: The sale was executed under a pre-established Rule 10b5-1 trading plan adopted Feb 3, 2026.
• Filing timeliness: Form 4 filed 2026-08-10 for a reportable event on 2026-08-06; this filing date is within the normal SEC two-business-day reporting window.

Context
The award is an RSU grant and will not convert into tradable shares until vesting conditions are met. The sale was conducted under a 10b5-1 plan, indicating it was pre-arranged rather than a spontaneous trade; such plans are commonly used to avoid timing questions around insider sales. As always, sales do not necessarily indicate negative views by insiders—they may reflect diversification, tax planning, or other personal reasons.