Form 4: Commvault Systems CEO Sells Shares
Insider Transaction (Form 4)
Sanjay Mirchandani, President & CEO and a Director of Commvault Systems Inc, sold 24,134 shares of common stock on August 17, 2026.
Summary
- Open-market sale: disposed of 12,437 Common Stock at $143.98 ($1,790,679) on August 17, 2026; holds 269,373 after (Direct).
- Open-market sale: disposed of 4,840 Common Stock at $143.64 ($695,218) on August 18, 2026; holds 264,533 after (Direct).
- Open-market sale: disposed of 6,857 Common Stock at $142.80 ($979,180) on August 19, 2026; holds 257,676 after (Direct).
Sentiment
Score: 4
Explanation: StockSavvy.ai views this as a mildly negative but low-conviction signal: an insider sold $3,465,076 of stock under a pre-arranged Rule 10b5-1 plan, which is typically routine.
Insider Transactions
Sanjay Mirchandani — Director, Officer (President & CEO)
Transaction made under a Rule 10b5-1 trading plan.
| Date | Transaction | Security | Shares | Price | Value | Held After |
|---|---|---|---|---|---|---|
| 2026-08-17 | Open-market sale | Common Stock | 12,437 | $144 | $1.8M | 269,373 |
| 2026-08-18 | Open-market sale | Common Stock | 4,840 | $144 | $695.2K | 264,533 |
| 2026-08-19 | Open-market sale | Common Stock | 6,857 | $143 | $979.2K | 257,676 |
Key Dates
| Date | Description |
|---|---|
| 2026-08-17 | Open-market sale (12,437 shares) |
| 2026-08-18 | Open-market sale (4,840 shares) |
| 2026-08-19 | Open-market sale (6,857 shares) |
Keywords
insider transaction, Form 4, CVLT, COMMVAULT SYSTEMS INC, bearish, Sanjay Mirchandani
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