Mirchandani Sanjay 4

What Happened

• Sanjay Mirchandani, President & CEO and Director of Commvault Systems, sold 6,480 shares on February 18, 2026 in an open-market transaction.
• The shares were sold at $90.28 per share for total proceeds of approximately $585,014. The sale was made solely to satisfy tax withholding obligations on the vesting of restricted and performance stock; proceeds were submitted to the IRS.

Key Details

• Transaction date: 2026-02-18; Price: $90.28; Shares sold: 6,480; Proceeds: ~$585,014.
• Shares owned after the transaction: not specified in the information provided in this summary.
• Footnotes: F1 — shares automatically sold solely to satisfy tax withholding on vesting of restricted/performance stock; F2 — filing notes inclusion of shares purchased under the Commvault Employee Stock Purchase Plan on Feb 13, 2026.
• Filing date: 2026-02-20 for a 2026-02-18 transaction — appears to be filed within the normal reporting window (no late filing indicated here).

Context

• This sale was a tax-withholding sale tied to vesting of equity awards (a routine administrative transaction), not an open-market sell driven by a new stock disposition decision. Such tax-withholding sales are common and generally not taken as a standalone bearish signal about the company.