Abrahamsen Danielle Nicole 4

What Happened
Danielle Abrahamsen, Chief Accounting Officer of Commvault Systems (CVLT), had 328 performance stock units vest on May 21, 2026 and subsequently sold a total of 378 shares in two transactions (101 and 277 shares). The 101-share sale on May 22, 2026 generated $10,846; the 277-share sale on May 26, 2026 generated $29,556. The initial 328-share issuance is reported as an award (no purchase price).

Key Details

• Transaction dates & prices:
  • 2026-05-21: Award of 328 shares (performance stock units) (footnote F1).
  • 2026-05-22: Sale of 101 shares at $107.39 — proceeds $10,846 (footnote F2).
  • 2026-05-26: Sale of 277 shares at $106.70 — proceeds $29,556 (footnote F3).
• Total shares sold: 378; total proceeds ≈ $40,402.
• Shares owned after transaction: Not specified on the Form 4.
• Footnotes of note:
  • F1: Shares issued on vesting of a performance stock unit award (granted 5/15/2024) tied to TSR vs. the Russell 3000.
  • F2: 101 shares were automatically sold to cover tax withholding; proceeds submitted to the IRS.
  • F3: The 277-share sale was effected under a pre-existing Rule 10b5-1 trading plan (adopted Feb 17, 2026).
• Filing timeliness: Form filed 2026-05-26 for activities beginning 2026-05-21–05-26; no late filing flag indicated.

Context
The 328 shares came from a performance stock unit award that vested after specified TSR benchmarks were met (per F1). One sale was an automatic sale to cover taxes (routine withholding) and the other was executed under a 10b5-1 plan (prearranged trading). These kinds of sales are commonly administrative or plan-driven and do not, by themselves, indicate management sentiment about the company.