Form 4: Commvault Director Vivie Lee Sells Shares
SEC Form 4 Filing
Director Vivie Lee sold 1,569 shares of Commvault Systems Inc. (CVLT) on August 30, 2024, at a price of $152.76 per share.
Summary
- On August 30, 2024, Vivie Lee, a director of Commvault Systems Inc. (CVLT), sold 1,569 shares of common stock.
- The sale price was $152.76 per share.
- Following the transaction, Vivie Lee directly owns 13,550 shares of Commvault Systems Inc.
Sentiment
Score: 5
Explanation: This is a neutral event. A director selling shares doesn't necessarily indicate a positive or negative outlook for the company. It could be for personal financial reasons.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC when a company insider, such as a director, buys or sells shares of their company's stock. It provides transparency to the market regarding the transactions of company insiders.
Stakeholder Impact
- The sale of shares by a director could be perceived negatively by some shareholders, although it is a common occurrence and doesn't always reflect the director's view of the company's future prospects.
Key Dates
| Date | Description |
|---|---|
| 08/30/2024 | Date of transaction: Vivie Lee sold 1,569 shares of Commvault Systems Inc. common stock. |
| 09/04/2024 | Date of signature on the Form 4 filing. |
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