CVLT COMMVAULT SYSTEMS INC Insider Trading

Mirchandani sells 21,608 shares at blended $103.43 under pre-arranged 10b5-1 plan; stock rallied 13.2% in 30 days

Sanjay Mirchandani, President & CEO of Commvault, executed 2 separate sales totaling 21,608 shares for $2,234,896.52 on May 19-20, 2026, pursuant to a pre-arranged 10b5-1 trading plan adopted on 2025-12-13. These are scheduled, not discretionary transactions. His post-transaction holdings of 306,927 shares represent a 6.6% reduction. The sales occurred within a context of recent price strength: the stock was trading at $106.00 current price, up 13.2% over 30 days and 16.5% over 90 days, despite sitting 47.2% below its 52-week high of $200.68. His prior trades at CVLT show mixed timing outcomes: recent March 2026 sales preceded gains (30-day returns of +18.4% and +18.0%), while earlier sales in November 2025 and February 2026 produced negative 90-day returns. However, this transaction is mechanically executed under an established plan, so timing attribution does not apply. Commvault's fundamentals show a P/E of 53.54 with annual revenue growth of +18.9%, indicating a high-growth, expensive valuation profile.

Commvault CEO Mirchandani sells 20,390 shares for $1,621,353.16 via pre-arranged 10b5-1 plan

Sanjay Mirchandani, President & CEO of Commvault Systems Inc, executed 2 separate sales totaling 20,390 shares for $1,621,353.16 between 2026-03-16 and 2026-03-17 at a blended average price of $79.52. This sale reduces his post-transaction holdings to 332,529 shares, representing a -5.8% decrease from pre-transaction holdings of 352,919 shares. The transaction was conducted under a pre-arranged 10b5-1 trading plan adopted on 2025-12-13, making it scheduled rather than discretionary. Because the sale is governed by a structured trading plan established in advance, it reflects a predetermined execution strategy rather than a response to current market or business conditions.

CVLT CEO Mirchandani sells 20,942 shares for $2.6M via pre-arranged 10b5-1 plan

Sanjay Mirchandani, President & CEO of Commvault, executed 7 separate sales totaling 20,942 shares for $2,557,181.93 across November 18-19, 2025, at blended average price of $122.11 per share. This transaction is part of a pre-arranged 10b5-1 trading plan adopted on 2024-11-18 and therefore represents a scheduled, non-discretionary disposition rather than a discretionary trading decision. The sale reduced his holdings from 380,202 shares to 359,260 shares, representing a 5.5% reduction in his position. As a scheduled plan transaction executed exactly one year after adoption, this sale reflects contractual execution rather than a response to current market or business conditions.

Merrill Gary (CCO) sells 15,244 shares across 5 transactions totaling $2,713,648.57 at CVLT on 2025-09-12

Merrill Gary, Chief Commercial Officer of Commvault Systems, executed 5 separate sales totaling 15,244 shares for $2,713,648.57 on 2025-09-12, reducing his holdings by 17.5% from 87,081 to 71,837 shares. The transactions were executed across a narrow price band (blended average $178.01) while current stock price stands at $189.67, representing a 6.6% gap between execution and current valuation. His cross-ticker track record shows a 90-day well-timed rate of 15.00%, but at this ticker specifically, his 5 prior sales at CVLT (all on 2025-05-20) showed mixed results: 3 of 5 were well-timed at the 90-day mark, yet the broader pattern shows marginal average returns of -0.3% and +0.5% at the 30- and 90-day horizons respectively. Given Commvault's elevated P/E of 104.21 relative to +18.6% annual revenue growth, and the insider's recent substantial liquidation of a material position, this warrants monitoring for context on whether the executive views current valuations as extended.

CFO Jennifer Leigh DiRico sold 14,909 shares at avg. $182.22 on 2025-09-09, reducing stake by -24.8% to 45,143 shares.

Jennifer Leigh DiRico, Chief Financial Officer, executed 4 separate sales totaling 14,909 shares for $2,716,712.61 on 2025-09-09 at prices ranging from $181.55 to $184.63. This represents a -24.8% reduction in her CVLT holdings, bringing her position from 60,052 to 45,143 shares. The sales occurred at prices near the 52-week high of $193.37, with current price at $180.94 now -6.4% below that peak. Her prior CVLT trade was a sell on 2025-08-18, indicating a pattern of recent liquidation. With a P/E of 99.42 and revenue growth of +18.6%, the company's fundamentals show expansion, though the valuation remains elevated and the stock has declined -6.1% over 30 days.

CEO Mirchandani sells 20.0K shares of CVLT for $3.5M under pre-arranged 10b5-1 plan (scheduled)

Sanjay Mirchandani, President & CEO of Commvault Systems Inc, executed 7 separate sales totaling 19,960 shares for $3,528,866.79 across August 18–19, 2025, at prices ranging from $175.70 to $178.63. This sale reduces his holdings from 462,982 shares to 443,022 shares (a 4.3% reduction). The transaction was executed under a pre-arranged 10b5-1 trading plan adopted on 2024-11-18, meaning the sales were scheduled in advance rather than discretionary. The blended average sale price of $176.80 reflects multiple tranches executed over two days, consistent with a structured liquidation schedule. Investors should note this activity occurred within a predetermined framework and does not necessarily reflect current market timing or strategic repositioning decisions.

CCO Merrill Gary sells 5,893 shares of CVLT for $1,059,934.57 via scheduled 10b5-1 plan

Merrill Gary, Chief Commercial Officer at Commvault Systems, executed 4 separate sales totaling 5,893 shares for $1,059,934.57 on 2025-05-20 under a pre-arranged 10b5-1 trading plan. The shares were sold at prices ranging from $178.43 to $181.57, with a blended average price of $179.86. This sale reduced his holdings from 97,564 shares to 91,671 shares, representing a 6.0% reduction in his position. Because this transaction is part of a scheduled 10b5-1 trading plan, the sale timing reflects a pre-established arrangement rather than a discretionary decision made in response to current market or business conditions.

Sanjay Mirchandani (President & CEO) sold 3,895 shares for $700,859.73 on 2025-05-20 under pre-arranged 10b5-1 plan

Mirchandani executed 4 separate sales totaling 3,895 shares for $700,859.73 at an average price of $179.94 on 2025-05-20. The transactions were conducted under a pre-arranged 10b5-1 trading plan, meaning they were scheduled in advance rather than discretionary trades. Post-transaction, his holdings stand at 471,357 shares, representing a reduction of 3,895 shares (-0.8% vs pre-transaction holdings). Since this sale is part of a structured plan established in advance, it does not reflect a contemporaneous market judgment or signal about stock valuation.

CVLT CEO Mirchandani sells 21,268 shares for $3.7M under 10b5-1 plan over two days (5/16–5/19)

Sanjay Mirchandani, President & CEO of Commvault Systems, executed 9 separate sales totaling 21,268 shares for $3,745,695.48 across May 16–19, 2025, at a blended average price of $176.12. This disposition reduced his holdings by 4.0% from 532,940 to 511,672 shares. The sales were conducted under a pre-arranged 10b5-1 trading plan, meaning they follow a scheduled program established in advance and are not discretionary timing decisions. As a scheduled transaction, this filing does not reveal insights into the CEO's current market outlook or conviction; rather, it reflects execution of a pre-set formula. Investors should note the volume and dollar magnitude of the sale while recognizing the plan-driven nature removes any signal value from sale timing itself.

CVLT CCO Merrill Gary sells 10,751 shares for $1.9M via pre-arranged 10b5-1 plan on May 16–19

Merrill Gary, Chief Commercial Officer at Commvault Systems, executed 10 separate sales totaling 10,751 shares for $1,908,554.27 across two trading days via a pre-arranged 10b5-1 trading plan. The blended average price across all sales was $177.52, with individual transaction prices ranging from $174.19 to $181.68. This represents an 8.9% reduction in his post-transaction holdings to 109,786 shares. Since this activity is part of a scheduled 10b5-1 trading plan, the timing and execution reflect a predetermined arrangement rather than a discretionary decision made in response to current market conditions or company developments.