Form 4: Commvault Director Allison Pickens Sells 1,232 Shares of Common Stock
SEC Form 4 Filing
Director Allison Pickens sold 1,232 shares of Commvault Systems Inc. (CVLT) common stock at a price of $171.98 on March 3, 2025.
Summary
- On March 3, 2025, Allison Pickens, a director of Commvault Systems Inc., sold 1,232 shares of the company's common stock.
- The sale was executed at a price of $171.98 per share.
- Following the transaction, Pickens directly owns 4,667 shares of Commvault common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a stock sale by a company director. It doesn't inherently convey positive or negative sentiment about the company's performance or future prospects.
Industry Context
This Form 4 filing is a routine disclosure of insider trading activity, which is common for directors and officers of publicly traded companies. The sale itself doesn't necessarily indicate a negative outlook for the company, as insiders may sell shares for various personal financial reasons.
Stakeholder Impact
- The sale of shares by a director could be perceived negatively by some shareholders, although it is a relatively small transaction.
Key Dates
| Date | Description |
|---|---|
| 03/03/2025 | Date of transaction: Allison Pickens sold 1,232 shares of Commvault Systems Inc. common stock. |
| 03/05/2025 | Date of signature of the report by Danielle Abrahamsen, Attorney-in-Fact. |
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