Gary Merrill

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.

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.

Chief Commercial Officer sells 8,195 shares for $1,473,995.31 ($1.5M) at blended avg $179.87; stock now $175.40, down 6.6% from 52-week high of $187.90.

Merrill Gary, Chief Commercial Officer of Commvault, executed 5 separate sales totaling 8,195 shares for $1,473,995.31 ($1.5M) on 2025-05-20, reducing holdings by 8.2% from 99.9K to 91.7K shares. The sales occurred at prices ($179.35–$181.57) near the 52-week high of $187.90, before the stock declined 6.6% to the current $175.40 price level. Gary's cross-ticker track record shows 20 prior sells with a 90-day well-timed rate of 0.00% (indicating his prior sales, on average, have been poorly timed as the stock rose after he sold). His prior 5 trades at Commvault on 2025-05-19 precede this filing, suggesting sustained execution; however, those outcomes remain unmeasurable. The P/E of 98.54 reflects a premium valuation despite solid annual revenue growth of +18.6%, warranting investor attention to whether leadership confidence in the stock price justifies the multiple or whether recent insider selling reflects caution about valuation sustainability.

Chief Commercial Officer Merrill Gary sold 26,670 shares for $4.7M across 13 transactions on 2025-05-16/19.

Merrill Gary, Chief Commercial Officer, executed 13 separate sales totaling 26,670 shares for $4,722,181.94 across two trading days in May 2025, reducing his holdings by 21.1% from 126,536 to 99,866 shares. The blended average price of $177.06 sits near current price of $178.15 and within striking distance of the 52-week high of $187.90, suggesting the sales occurred during a period of relative strength rather than a trough. Gary's prior trades at CVLT (5 on record) show a 0% well-timed rate at the 90-day mark—all five prior sells were followed by gains, indicating consistently poor exit timing on this specific ticker. His cross-ticker track record shows an even more acute pattern: 90-day well-timed rate of 0.00% with an average 90-day return of +31.0% after sells, demonstrating systematic underperformance in capture of subsequent rallies. The company trades at an elevated P/E of 100.08 despite 18.6% annual revenue growth and $11.0M net income on $262.6M quarterly revenue, pricing in significant expectations. The scale and timing of this sale merit monitoring given the recurring pattern of Gary's underperformance in exit execution and the stock's proximity to its 52-week highs.

CCO Merrill Gary sold 17,388 shares for $2,621,366.60 across 3 transactions on 2024-08-27.

Merrill Gary, Chief Commercial Officer at Commvault, executed three separate sales totaling 17,388 shares for $2,621,366.60 on 2024-08-27, reducing his holdings by 15.5% from 111,918 to 94,530 shares at a blended average price of $150.76. The stock currently trades at $152.62, near its 52-week high of $152.85, suggesting the sales occurred just before the stock stabilized at peak levels. Across his 5 prior sales at Commvault, Gary's timing has shown poor outcomes—all 5 prior sells were followed by positive 90-day returns (averaging 36%+ gains), indicating he sold before subsequent rallies rather than ahead of declines. The company's P/E of 38.16, paired with modest annual revenue growth of 7.0%, suggests elevated valuation expectations relative to earnings growth, which may contextualize the execution of a substantial equity sale at peak pricing.