Form 4: Commvault CFO Sells Shares for Tax Obligations

Commvault Systems Inc.'s Chief Financial Officer, Jennifer Leigh DiRico, sold 830 shares of common stock to cover tax withholding obligations related to vested equity.

Summary

• Jennifer Leigh DiRico, Chief Financial Officer of Commvault Systems Inc. (CVLT), reported a transaction involving company common stock.
• On November 18, 2025, DiRico disposed of 830 shares of common stock.
• The shares were sold at a weighted average price of $123.58 per share, with individual transactions ranging from $123.58 to $124.29.
• The sale was solely to satisfy tax withholding obligations upon the vesting of restricted and performance stock.
• Following this transaction, DiRico beneficially owns 44,313 shares of Commvault Systems Inc. common stock directly.

Sentiment

Score: 5

Explanation: The transaction is a routine, non-discretionary sale of shares to cover tax obligations upon equity vesting. It does not indicate a positive or negative sentiment towards the company's future performance.

Positives

• The transaction was non-discretionary, specifically for tax withholding, indicating it was not a sale based on a negative outlook for the company.

Negatives

• A reduction in insider ownership, even if for tax purposes, slightly decreases management's direct equity stake.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future outlook.

Management Comments

• The shares were automatically sold solely to satisfy tax withholding obligations of the reporting person on vesting of restricted and performance stock.
• Proceeds from the sale were submitted to the Internal Revenue Service.

Industry Context

This insider transaction is a routine event for publicly traded companies where executives receive equity compensation that vests over time. It does not reflect broader industry trends or competitive positioning.

Stakeholder Impact

• Shareholders: Minimal impact, as it's a routine tax-related sale and not a discretionary divestment.
• Employees: No direct impact.
• Customers/Suppliers/Creditors: No direct impact.

Key Dates

Keywords

Commvault Systems, CVLT, Insider Trading, Form 4, Stock Sale, CFO, Jennifer Leigh DiRico, Tax Withholding, Equity Vesting