Form 4: Arlen Shenkman Reports Changes in Beneficial Ownership of Commvault Systems Inc.

Director Arlen Shenkman reports acquisition and disposal of Commvault Systems Inc. common stock.

Summary

• On August 8, 2024, Arlen Shenkman, a director of Commvault Systems Inc., reported a transaction involving the company's common stock.
• Shenkman acquired 1,530 shares of common stock.
• Shenkman also disposed of 15,620 shares of common stock.
• Following the reported transactions, Shenkman beneficially owns 15,620 shares of Commvault Systems Inc.
• The common stock acquired is in the form of restricted stock units, vesting 100% on the later of the one-year anniversary of the grant date or the date of the 2025 Annual Meeting of Shareholders.

Sentiment

Score: 5

Explanation: This is a standard regulatory filing related to stock transactions by a company insider. It doesn't inherently indicate positive or negative sentiment, but rather provides transparency into insider activity.

Future Outlook

The restricted stock units will vest on the later of the one-year anniversary of the grant date or the date of the 2025 Annual Meeting of Shareholders.

Industry Context

This filing is a routine disclosure of stock transactions by a company insider, which is a common practice in publicly traded companies to ensure transparency and compliance with securities regulations.

Stakeholder Impact

• The filing provides transparency to shareholders regarding insider transactions, which can influence investor confidence.

Key Dates