Form 4: Commvault CFO Gary Merrill Sells 822 Shares of Common Stock
SEC Form 4 Filing
Gary Merrill, CFO of Commvault Systems Inc., sold 822 shares of common stock at a price of $97.25 on March 4, 2024.
Summary
- On March 4, 2024, Gary Merrill, the Chief Financial Officer of Commvault Systems Inc., sold 822 shares of the company's common stock.
- The sale was executed at a price of $97.25 per share.
- Following the transaction, Merrill directly owns 87,945 shares of Commvault common stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing related to an insider stock sale, which is neither inherently positive nor negative. The sentiment is neutral.
Industry Context
Form 4 filings are a routine part of the US market and are required by the SEC to provide transparency into the transactions of company insiders.
Stakeholder Impact
- The sale of shares by a company insider could be perceived negatively by some shareholders, although small sales are common and may not indicate a lack of confidence in the company.
Key Dates
| Date | Description |
|---|---|
| 03/04/2024 | Date of the stock sale transaction. |
| 03/06/2024 | Date of signature for the Form 4 filing. |
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