Form 4: Commvault Director Allison Pickens Sells 990 Shares of Common Stock

Director Allison Pickens sold 990 shares of Commvault Systems Inc (CVLT) common stock at a price of $94.73 on February 26, 2024.

Summary

• On February 26, 2024, Allison Pickens, a director of Commvault Systems Inc (CVLT), sold 990 shares of common stock.
• The transaction was executed at a price of $94.73 per share.
• Following the transaction, Pickens directly owns 7,206 shares of Commvault common stock.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, indicating a transaction by a company insider. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about the stock sale.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.

Stakeholder Impact

• The sale of shares by a director could be perceived in various ways by stakeholders.
• Some might see it as a lack of confidence in the company's future, while others might view it as a personal financial decision.

Key Dates