Abrahamsen Danielle Nicole 4
4 · COMMVAULT SYSTEMS INC · Filed May 19, 2026
Research Summary
AI-generated summary of this filing
Commvault (CVLT) Chief Accounting Officer Danielle Abrahamsen Sells Shares
What Happened
Danielle Nicole Abrahamsen, Chief Accounting Officer of Commvault Systems, sold 925 shares in open-market transactions on May 18, 2026, for total proceeds of $96,679 (409 shares at $104.54 = $42,757; 516 shares at $104.50 = $53,922). On May 15, 2026 she also acquired company stock via awards/conversions: 415 shares from vested performance stock units (PSUs) and 3,897 restricted stock units (RSUs) granted (both reported at $0.00 acquisition price). Net across these filings, she acquired 4,312 shares and disposed of 925, a net increase of 3,387 shares.
Key Details
- Transaction dates and prices:
- May 15, 2026: 415 shares from PSU conversion and 3,897 RSU grant (acquired at $0.00).
- May 18, 2026: Open-market sales — 409 shares at $104.54 and 516 shares at $104.50 (total proceeds $96,679).
- Net change: +3,387 shares (4,312 acquired − 925 sold).
- Shares owned after transaction: total beneficial ownership balance not specified in the summary provided on this Form 4.
- Notable footnotes:
- F1: 415 PSUs vested from a May 15, 2025 grant; remaining PSUs from that award vest through May 15, 2028.
- F2: The 3,897 RSUs are subject to a 3-year vesting schedule (33% at 1 year, then phased quarterly).
- F3: The filing notes shares may be automatically sold to satisfy tax withholding on vesting; proceeds are submitted to the IRS.
- F4: The May 18 sale was executed under an existing Rule 10b5-1 trading plan adopted Feb 17, 2026.
- Filing timeliness: Form filed May 19, 2026 for transactions through May 18 — appears timely (no late filing reported).
Context
- The May 15 entries are awards/conversions (PSUs/RSUs), not cash purchases; these are compensatory equity grants that vest over time. The PSU conversion represents vested performance units converting into common shares.
- The May 18 sales were executed under a pre-existing 10b5-1 plan (automated sale plan), which is a common way insiders sell shares without new trading intent.
- This filing is largely reporting routine equity compensation vesting plus planned sales; it is factual reporting of grants/conversions and subsequent open-market disposals.
Insider Transaction Report
Form 4
Abrahamsen Danielle Nicole
Chief Accounting Officer
Transactions
- Exercise/Conversion
Common Stock
[F1]2026-05-15+415→ 11,674 total - Award
Common Stock
[F2]2026-05-15+3,897→ 15,571 total - Sale
Common Stock
[F3]2026-05-18$104.54/sh−409$42,757→ 15,162 total - Sale
Common Stock
[F4]2026-05-18$104.50/sh−516$53,922→ 14,646 total - Exercise/Conversion
Performance Stock Units
[F1]2026-05-15−0→ 0 total→ Common Stock (415 underlying)
Footnotes (4)
- [F1]Granted on May 15, 2025, represents 415 performance stock units ("PSUs") vested on the first anniversary of the grant date. The remaining 843 earned PSUs from this award, previously reported on Table II, are included in the Table I balance, subject to time-based vesting through May 15, 2028. Each PSU represents the right to receive one share of common stock.
- [F2]The common stock is being granted as restricted stock units and is subject to a 3-year vesting schedule, as follows: 33% will vest on the first anniversary of the grant date and 8.375% will vest at the end of each successive three-month period thereafter.
- [F3]Represents shares automatically sold solely to satisfy tax withholding obligations of the Reporting Person on vesting of restricted stock. Proceeds from the sale were submitted to the Internal Revenue Service.
- [F4]The sale reported in this Form 4 was effected pursuant to an existing Rule 10b5-1 trading plan adopted by the Reporting Person on February 17, 2026.
Signature
/s/ Danielle Abrahamsen|2026-05-19