Form 4: Commvault Director Charles E. Moran Sells 11,000 Shares
SEC Form 4 Filing
Director Charles E. Moran of Commvault Systems Inc. sold 11,000 shares of common stock at a price of $110.83 on May 29, 2024.
Summary
- On May 29, 2024, Charles E. Moran, a director of Commvault Systems Inc., sold 11,000 shares of the company's common stock.
- The sale price was $110.83 per share.
- Following the transaction, Moran directly owns 10,967 shares of Commvault Systems Inc.
Sentiment
Score: 5
Explanation: The document is a standard SEC Form 4 filing, indicating a routine transaction. The sentiment is neutral as it simply reports the sale of shares.
Industry Context
Insider sales are a common occurrence and can be for various reasons, including personal financial planning. It's important to consider the overall trend of insider transactions and the company's performance when evaluating the significance of this sale.
Stakeholder Impact
- The sale of shares by a director could be perceived negatively by some shareholders, potentially leading to a slight decrease in investor confidence.
Key Dates
| Date | Description |
|---|---|
| 05/29/2024 | Date of transaction: Charles E. Moran sold 11,000 shares of Commvault Systems Inc. |
| 05/30/2024 | Date of report filing. |
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