CVLT COMMVAULT SYSTEMS INC Insider Trading

CFO Gary Merrill sold 8,331 shares ($891,527.61) under 10b5-1 plan; holdings dropped to 72,775 shares (–10.3%)

Gary Merrill, CFO, executed two separate sales totaling 8,331 shares for $891,527.61, with the sales priced at $107.39 on 2026-05-22 and $106.70 on 2026-05-26. This transaction is part of a pre-arranged 10b5-1 trading plan adopted on 2025-06-13, meaning the sales were scheduled, not discretionary. His post-transaction holdings of 72,775 shares represent a -10.3% reduction from pre-transaction holdings of 81,106 shares. In his prior trades at CVLT, the 90-day average return was -30.5% to -31.1%, a pattern markedly different from his cross-ticker track record where 90-day returns averaged -6.4%. Current price is $108.09, near the transaction prices, and the stock is trading at a P/E of 54.59 with recent price momentum of +15.1% over 30 days and +24.9% over 90 days. The scheduled nature of the sales precludes timing-based interpretation.

CEO Sanjay Mirchandani sells 9,701 CVLT shares at $107.39; stock -46.1% from 52-week high but +15.1% in 30 days

Sanjay Mirchandani, President & CEO, sold 9,701 shares at $107.39 for $1,041,800.09, reducing his holdings by 2.9% to 322,544 shares. The sale occurred while CVLT stock is down -46.1% from its 52-week high of $200.68 but has rebounded +15.1% over the past 30 days. At his cross-ticker track record level, Mirchandani's 20 prior open-market sells show a 90-day well-timed rate of 85.00%, though his average 90-day return after sales was -18.6%, suggesting his sells have historically preceded declines. Looking specifically at CVLT, his prior 5 trades at this ticker show mixed timing: 2 of 5 prior sales were well-timed at the 90-day mark, with 90-day returns ranging from -27.4% to +34.2%. The company fundamentals show $313.8M quarterly revenue, +18.9% annual growth, and a P/E of 54.59, indicating a high valuation multiples environment that may be relevant context for a sale at current levels.

CEO Sanjay Mirchandani sells 27,846 shares ($2.9M) under pre-arranged 10b5-1 plan; retains 306,927 shares post-sale

Sanjay Mirchandani executed three separate sales totaling 27,846 shares for $2,883,710.90 at a blended average price of $103.56 on 2026-05-19 and 2026-05-20. This transaction is part of a pre-arranged 10b5-1 trading plan adopted on 2025-12-13, making it scheduled rather than discretionary. The CEO's post-transaction holdings of 306,927 shares represent a -8.3% reduction from his prior 334,773 shares. His cross-ticker track record shows 20 prior sells with an average 90-day return of -18.6%, while his prior trades specifically at CVLT show mixed results, with three of five recent sales followed by positive 30-day returns but two followed by negative 90-day returns. The stock currently trades at $106.00, -47.2% from its 52-week high of $200.68, though it has gained +13.2% over the past 30 days and +16.5% over 90 days.

CEO Mirchandani sold 8,457 shares (8.5K) of CVLT at $104.54 on 2026-05-18; stock now $101.97, down 49.2% from 52-week high of $200.68.

Mirchandani sold 8,457 shares for $884,094.78, reducing his holdings by 2.5% to 334,773 shares post-transaction. The sale occurred at $104.54, while the current price is $101.97—a modest decline since execution. His cross-ticker track record shows 20 prior sells with an 85.00% well-timed rate at the 90-day mark, indicating a pattern of selling before downturns; however, at CVLT specifically, only 2 of 5 prior sales showed negative 90-day returns, suggesting less consistent timing at this ticker. The stock is trading 49.2% below its 52-week high of $200.68, reflecting significant recent weakness despite 30-day momentum of +8.2%. At a P/E of 51.50 and recent quarterly revenue of $313.8M with annual growth of +18.9%, the valuation remains elevated relative to current price action.