Form 4: Commvault Director A. Shane Sanders Reports Acquisition and Disposal of Common Stock

Director A. Shane Sanders of Commvault Systems Inc. reports acquiring 1,530 shares of common stock as restricted stock units and disposing of 6,834 shares.

Summary

• On August 8, 2024, A. Shane Sanders, a director of Commvault Systems Inc., reported a transaction involving the company's common stock.
• Sanders acquired 1,530 shares of common stock as restricted stock units.
• These 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.
• Sanders also disposed of 6,834 shares of common stock.
• Following these transactions, Sanders beneficially owns 6,834 shares of Commvault Systems Inc.

Sentiment

Score: 5

Explanation: This is a neutral report on stock transactions by a company director. It doesn't inherently indicate positive or negative sentiment.

Industry Context

This is a standard SEC Form 4 filing, which is a routine part of corporate governance and transparency, providing insight into the transactions of company insiders.

Stakeholder Impact

• The transaction may have a minor impact on shareholders as it reflects insider trading activity.

Key Dates