Form 4: Commvault Director Nicola Adamo Sells Shares
SEC Form 4 Filing
Director Nicola Adamo sold 1,569 shares of Commvault Systems Inc. on August 30, 2024, at a price of $152.76 per share.
Summary
- On August 30, 2024, Nicola Adamo, a director of Commvault Systems Inc., sold 1,569 shares of common stock.
- The sale price was $152.76 per share.
- Following the transaction, Adamo directly owns 17,903 shares of Commvault Systems Inc.
Sentiment
Score: 5
Explanation: The document is a standard SEC Form 4 filing, indicating a sale of shares by a company director. It doesn't inherently convey positive or negative sentiment, but rather reports a transaction. The sentiment is neutral.
Industry Context
Form 4 filings are a routine part of insider trading activity and are publicly disclosed to ensure transparency and prevent illegal insider trading. The sale by a director may or may not reflect a change in sentiment about the company's prospects.
Stakeholder Impact
- The sale of shares by a director could potentially influence investor sentiment, although the impact is likely to be minimal given the relatively small number of shares sold.
Key Dates
| Date | Description |
|---|---|
| 08/30/2024 | Date of transaction: Nicola Adamo sold 1,569 shares of Commvault Systems Inc. |
| 09/04/2024 | Date of signature on the Form 4 filing. |
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