Commvault (CVLT) Chief Accounting Officer Danielle Abrahamsen Sells Shares

What Happened Danielle Abrahamsen, Chief Accounting Officer of Commvault Systems (CVLT), sold a total of 996 shares in open-market transactions between Aug 17–19, 2026 for aggregate proceeds of about $142,698. Individual trades were 119 shares at $143.98 ($17,134), 391 shares at $143.64 ($56,163), and 486 shares at $142.80 ($69,401). These were sales (not purchases) and thus do not signal a new ownership increase.

Key Details

• Transaction dates and prices:
  • 2026-08-17: sold 119 shares @ $143.98 — $17,134
  • 2026-08-18: sold 391 shares @ $143.64 — $56,163
  • 2026-08-19: sold 486 shares @ $142.80 — $69,401
• Total shares sold: 996; total proceeds: ~$142,698.
• Shares owned after the transactions: not specified in the provided excerpt of the filing.
• Footnotes in the filing:
  • F1: The sale(s) were made under a Rule 10b5-1 trading plan adopted Feb 17, 2026 (pre-set trading plan).
  • F2: Some shares were sold automatically to satisfy tax-withholding obligations on vesting restricted/performance stock; proceeds were submitted to the IRS.
• Filing: Form 4 filed on 2026-08-19 covering transactions through 2026-08-17–19 — appears to have been filed within the normal reporting window.

Context Sales under a pre-established 10b5-1 plan and automatic tax-withholding sales are common and often routine; they are not necessarily an indicator of the insider’s view on the company’s prospects. Purchases tend to carry more informational weight for investors; this filing documents routine insider selling and tax-related dispositions rather than an acquisition.