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EdgarHawk

Sanjay Mirchandani

President & CEO

Director Officer

Latest: President & CEO selling · May 2026

12 filings analyzed · 1 company · Latest 2026-05-26

Companies

Company Buys Sells Direction
COMMVAULT SYSTEMS INC CVLT 0 91 Net selling

Activity

May 2026
2026-05-26 COMMVAULT SYSTEMS INC CVLT
medium
Sell
9,701 shares
$1,041,800
Significance 5/10

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.

2026-05-21 COMMVAULT SYSTEMS INC CVLT
medium
Sell
27,846 shares
$2,883,711
Significance 4/10

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.

2026-05-19 COMMVAULT SYSTEMS INC CVLT
medium
Sell
8,457 shares
$884,095
Significance 6/10

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.

March 2026
2026-03-18 COMMVAULT SYSTEMS INC CVLT
high
Sell
20,390 shares
$1,621,353
Significance 7/10

CEO Mirchandani sells 20,390 shares across 2 days (Mar 16-17) for $1,621,353.16 as stock falls 35.6% in 90 days

Sanjay Mirchandani, President & CEO, executed 2 separate sales on 2026-03-16 and 2026-03-17, selling 10,338 shares at $78.96 and 10,052 shares at $80.09, totaling 20,390 shares for $1,621,353.16. This represents a -5.8% reduction in his 332.5K-share post-transaction holdings. His prior 4 measurable sales at CVLT all achieved negative 90-day returns (ranging -26.1% to -27.8%), resulting in a 100.00% well-timed rate at this ticker—every prior sale was followed by a decline. The current stock is down -35.6% over 90 days and -8.1% over 30 days from the transaction date, extending this pattern. The company reports strong fundamentals (18.6% annual revenue growth, $313.8M latest quarterly revenue) but trades at a P/E of 40.68, suggesting elevated valuation; the 52-week high of $195.41 was set months earlier, indicating a significant drawdown from peak levels that preceded this transaction.

February 2026
2026-02-20 COMMVAULT SYSTEMS INC CVLT
high
Sell
6,480 shares
$585,014
Significance 7/10

CEO Mirchandani sells 6,480 CVLT shares at $90.28; stock down -53.4% from 52-week high, 5 prior CVLT sales all showed negative 90-day returns.

CEO Sanjay Mirchandani sold 6,480 shares at $90.28 on 2026-02-18, reducing his holdings by 1.8% to 352,919 shares post-transaction. The sale occurs as CVLT trades significantly below its 52-week high of $195.41 (currently at $91.00, -53.4%), and follows a 30-day decline of -23.9%. His prior five trades at CVLT—all sales on 2025-11-18 and 2025-11-19—each generated negative 90-day returns (ranging from -26.1% to -29.7%), a 100% well-timed rate at this ticker. His cross-ticker track record shows 20 prior sells with a 90-day well-timed rate of 100.00%, though with mixed short-term outcomes (avg 30d return +4.1%, avg 90d return -22.8%). This continuation of selling at a depressed valuation, paired with the CEO's consistent historical pattern of selling before further declines at this company, provides material context for evaluating near-term price momentum.

November 2025
2025-11-20 COMMVAULT SYSTEMS INC CVLT
high
Sell
27,762 shares
$3,399,998
Significance 8/10

CEO Mirchandani sells 27,762 shares for $3.4M across 8 transactions; stock down 39.8% from 52-week high.

Sanjay Mirchandani, President & CEO of Commvault, executed 8 separate sales totaling 27,762 shares for $3,399,997.53 on November 18–19, 2025, at prices between $119.75 and $125.81. This represents a 7.2% reduction in his holdings from 387,022 shares to 359,260 shares. The sales occurred as the stock trades at $117.69, down 39.8% from its 52-week high of $195.41 and down 32.7% over the past 30 days and 35.0% over 90 days. His prior five sales at Commvault on August 18–19, 2025, all showed negative 90-day returns (ranging from -27.9% to -29.4%), establishing a pattern where his prior exits preceded sharp declines; his cross-ticker track record shows a 60% well-timed sell rate. The recent sharp decline and his sales near the prior quarter's peak suggest the timing of these transactions relative to the company's current price action merits investor attention.

August 2025
2025-08-20 COMMVAULT SYSTEMS INC CVLT
high
Sell
26,659 shares
$4,721,490
Significance 6/10

CVLT CEO Mirchandani sold 26,659 shares for $4.7M across 8 transactions on 2025-08-18 and 2025-08-19

Sanjay Mirchandani, President & CEO of Commvault Systems, executed 8 separate sales totaling 26,659 shares for $4,721,489.76 at a blended average price of $177.11 over two trading days. This represents a 5.7% reduction of his pre-transaction holdings of 469,681 shares, leaving him with 443,022 shares post-transaction. The sales occurred near the stock's 52-week high of $193.37, with the current price at $176.37, indicating execution near elevated valuation. Mirchandani's prior sales at CVLT show 4 of 5 trades were well-timed at the 90-day mark, though his cross-ticker track record reflects a 90-day well-timed rate of 35.00%, suggesting modest historical precision in exit timing. At a forward P/E of 96.91 with revenue growth of 18.6% year-over-year, the company trades at a significant valuation premium, and a CEO-level multi-million-dollar liquidation warrant closer examination of capital allocation decisions and insider conviction at current price levels.

May 2025
2025-05-22 COMMVAULT SYSTEMS INC CVLT
medium
Sell
14,221 shares
$2,558,197
Significance 5/10

Commvault CEO Sanjay Mirchandani sells 14,221 shares for $2,558,197.35 on 2025-05-20.

CEO Sanjay Mirchandani executed 5 separate open-market sales totaling 14,221 shares for $2,558,197.35 at a blended average price of $179.89, reducing his holdings by 2.9% to 471,357 shares. The transactions occurred on 2025-05-20 when the stock was trading near recent highs (currently $175.40, or 6.6% below the 52-week high of $187.90). Across all tickers, his historical open-market sells show an average 90-day return of -4.2% with a 100% well-timed rate, though this cross-ticker track record cannot be directly applied to assess timing at Commvault. His prior sales at Commvault on 2025-05-19 lack measurable outcomes, preventing comparison to his historical pattern at this specific ticker.

2025-05-19 COMMVAULT SYSTEMS INC CVLT
high
Sell
62,234 shares
$10,984,782
Significance 6/10

Commvault CEO Mirchandani sells 62,234 shares for $10,984,782.42 across 12 transactions in May

Sanjay Mirchandani, President & CEO of Commvault Systems, executed 12 separate sales totaling 62,234 shares for $10,984,782.42 on May 16 and May 19, 2025, reducing his holdings by 11.4% to 485,578 shares. The sales occurred at prices ranging from $174.68 to $181.69, with a blended average of $176.51, near the current price of $178.15. Notably, his prior five sales at Commvault (all on 2025-02-21) showed negative 30-day returns averaging between -10.7% and -12.8%, yet his cross-ticker track record shows a 90-day average return of +11.9% after sells, indicating that this insider's sales have historically been followed by stock appreciation rather than declines. The company's P/E of 100.08 combined with substantial insider liquidation warrants investor attention to whether this reflects cash management by the CEO or shifts in conviction toward a valuation that has appreciated 19.0% over 30 days.

February 2025
2025-02-21 COMMVAULT SYSTEMS INC CVLT
high
Sell
26,000 shares
$4,782,462
Significance 6/10

Commvault CEO Mirchandani sells 26,000 shares ($4.8M) over 3 days at blended $183.94; stock now $170.61, -9.2% from high.

Mirchandani executed 17 separate sales totaling 26,000 shares for $4,782,462.26 across February 19–21, 2025, reducing his stake by 5.9% to 413,549 shares. The blended average transaction price of $183.94 sits above the current price of $170.61, meaning the CEO sold into the stock's near-term peak; the stock has since declined and sits -9.2% from its 52-week high of $187.90. Critically, across Mirchandani's 5 prior sales at Commvault (November 2024), none were well-timed at the 90-day mark—each sale was followed by gains ranging from +11.6% to +14.0%, indicating a consistent pattern of selling before material rallies. This current sale follows that same pattern: the transaction occurred during the stock's strength (+4.8% over the prior 30 days), yet current price action suggests the stock may not sustain that momentum. The large, structured multi-day sale of roughly 5.9% of holdings warrants monitoring to determine whether Commvault's P/E of 43.86 and recent +7.0% revenue growth continue to support valuation at these levels post-sale.

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