Merrill Gary

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.

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.

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.

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.