Form 4: Commvault Director Allison Pickens Sells Shares in Recent Transaction

Director Allison Pickens sold shares of Commvault Systems Inc. (CVLT) on August 30, 2024, according to a Form 4 filing with the SEC.

Summary

• On August 30, 2024, Allison Pickens, a director of Commvault Systems Inc. (CVLT), sold shares of the company's common stock.
• The sales were executed in two separate transactions.
• In the first transaction, 395 shares were sold at a weighted average price of $153.24.
• The prices for these shares ranged from $152.76 to $153.58.
• In the second transaction, 837 shares were sold at a weighted average price of $154.20.
• The prices for these shares ranged from $153.93 to $154.52.
• Following these transactions, Pickens directly owns 7,131 shares of Commvault common stock.
• The sales were conducted under a pre-arranged 10b5-1 trading plan.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing stock sales by a company director. It doesn't inherently convey positive or negative sentiment, but rather reports factual transactions.

Industry Context

Insider sales are a common occurrence and are often scrutinized by investors for insights into a company's prospects, although they don't always indicate a negative outlook.

Stakeholder Impact

• The stock sale by a director may be perceived differently by shareholders; some may see it as a lack of confidence, while others may view it as a personal financial decision.

Key Dates