Commvault (CVLT) Director Shane Sanders Sells Shares, Receives RSUs

What Happened
Shane A. Sanders, a director of Commvault Systems, reported two transactions: a sale and a grant. On Aug 10, 2026 Sanders sold 476 shares in an open-market transaction at $134.19 per share for proceeds of $63,874. On Aug 6, 2026 Sanders was granted 1,761 restricted stock units (RSUs) recorded at $0.00 (award/grant).

The sale is a disposal (often viewed as routine) and was executed pursuant to a pre-existing Rule 10b5-1 trading plan. The RSUs are a non-cash award that will vest in the future per the grant terms.

Key Details

• Transactions and prices:
  • Aug 6, 2026 — Award/Grant (A): 1,761 RSUs @ $0.00 (grant)
  • Aug 10, 2026 — Sale (S): 476 shares @ $134.19 = $63,874
• Vesting: The 1,761 RSUs vest 100% on the later of the one-year anniversary of grant or the date of the 2027 Annual Meeting of Stockholders. (Footnote F1)
• Sale plan: The sale was effected under a Rule 10b5-1 trading plan adopted by the reporting person on Nov 21, 2025. (Footnote F2)
• Shares owned after transaction: Not specified in the provided filing summary.
• Filing date: Form 4 filed Aug 10, 2026. No indication in the provided data that the filing was flagged as late.

Context

• RSUs: These are restricted stock units granted as compensation; the $0.00 acquisition price in the filing reflects an award, not a cash purchase. Value to the holder is realized when RSUs vest and convert to shares (or are settled in cash, per plan terms).
• 10b5-1 plan: Sales executed under a 10b5-1 plan are pre-arranged and scheduled, which can reduce the inference that a sale reflects new insider sentiment about the company.