Mirchandani Sanjay 4

What Happened
Sanjay Mirchandani, President & CEO and a director of Commvault Systems, sold a total of 20,390 shares in two open-market transactions. On 2026-03-16 he sold 10,338 shares at $78.96 each for $816,288, and on 2026-03-17 he sold 10,052 shares at $80.09 each for $805,065 — total proceeds ≈ $1,621,353. These were sales (not purchases) and were executed under a pre-established trading plan.

Key Details

• Transaction dates and prices:
  • 2026-03-16: Sale of 10,338 shares @ $78.96 = $816,288
  • 2026-03-17: Sale of 10,052 shares @ $80.09 = $805,065
• Total shares sold: 20,390; total proceeds ≈ $1,621,353.
• Shares owned after the transactions: not specified in the provided filing excerpt.
• Footnote: The sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 13, 2025 (Footnote F1).
• Filing timeliness: Form 4 was filed on 2026-03-18; the report appears to be filed within the required Form 4 window (timely).

Context
Sales made under a 10b5-1 plan are pre-arranged and are commonly executed for diversification or liquidity needs; they do not, by themselves, indicate a change in the insider’s view of the company. For retail investors, purchases typically carry stronger signals than routine, plan-based sales. This filing documents routine, plan-driven disposition rather than option exercises, gifts, or new acquisitions.