Form 4: Commvault Director Keith Geeslin Exercises Options and Sells Shares
SEC Form 4 Filing
Director Keith Geeslin exercised stock options and sold a portion of the acquired shares of Commvault Systems Inc. on August 19, 2024.
Summary
- On August 19, 2024, Keith Geeslin, a director of Commvault Systems Inc., exercised options to purchase 5,000 shares of common stock at a price of $46.70 per share.
- Following the exercise of these options, Geeslin sold 1,565 shares of common stock at a price of $151.16 per share.
- After these transactions, Geeslin directly owns 60,746 shares of Commvault Systems Inc.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of insider trading activity. It doesn't inherently indicate positive or negative sentiment about the company's prospects.
Industry Context
This Form 4 filing is a routine disclosure related to insider transactions, which are common in publicly traded companies. It provides transparency into the trading activities of company insiders.
Stakeholder Impact
- The transaction may have a minor impact on shareholders due to the change in ownership, but it's unlikely to be significant given the relatively small number of shares involved.
Key Dates
| Date | Description |
|---|---|
| 08/19/2024 | Date of transaction: exercise of stock options and sale of shares. |
| 08/20/2024 | Date of signature by Attorney-in-Fact. |
| 10/23/2024 | Expiration date of options. |
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