[Form 4] Commault Systems, Inc. Insider Trading Activity
Merrill Gary, Chief Commercial Officer and director of Commvault Systems, Inc. (CVLT), reported a sale of 2,628 shares of the company's common stock on 08/18/2025 at $178.03 per share. The filing states the shares were automatically sold solely to satisfy tax withholding obligations upon the vesting of restricted stock, and the proceeds were submitted to the Internal Revenue Service. After the sale, Mr. Gary beneficially owned 87,081 shares, held directly. The Form 4 was signed by an attorney-in-fact on behalf of the reporting person. The disclosure is a routine insider tax-withholding sale rather than a discretionary stock sale for other purposes.
Merrill Gary, Chief Commercial Officer e amministratore di Commvault Systems, Inc. (CVLT), ha comunicato la vendita di 2.628 azioni ordinarie della societ脿 il 18/08/2025 a 178,03 USD per azione. La comunicazione indica che le azioni sono state vendute automaticamente esclusivamente per adempiere agli obblighi di ritenuta fiscale al momento del vesting delle azioni ristrette, e i proventi sono stati versati all'Internal Revenue Service. Dopo la vendita, il sig. Gary possedeva beneficiariamente 87.081 azioni, detenute direttamente. Il Modulo 4 猫 stato firmato da un procuratore (rappresentante autorizzato) per conto della persona che ha effettuato la comunicazione. Si tratta di una normale vendita per ritenuta fiscale da parte di un insider e non di una vendita discrezionale per altri scopi.
Merrill Gary, Chief Commercial Officer y director de Commvault Systems, Inc. (CVLT), inform贸 la venta de 2.628 acciones ordinarias de la compa帽铆a el 18/08/2025 a 178,03 USD por acci贸n. La presentaci贸n indica que las acciones se vendieron autom谩ticamente 煤nicamente para cubrir las obligaciones de retenci贸n fiscal al vestirse las acciones restringidas, y los ingresos se remitieron al Internal Revenue Service. Tras la venta, el Sr. Gary pose铆a beneficiariamente 87.081 acciones, en propiedad directa. El Formulario 4 fue firmado por un apoderado en nombre del declarante. La divulgaci贸n corresponde a una venta rutinaria por retenci贸n fiscal de un insider y no a una venta discrecional con otros fines.
Commvault Systems, Inc.(CVLT)鞚� 斓滉碃靸侅梾毂呾瀯鞛�(CCO) 瓴� 鞚挫偓鞚� Merrill Gary電� 2025-08-18鞐� 須岇偓 氤错喌欤� 2,628欤茧ゼ 欤茧嫻 178.03雼煬鞐� 毵り皝頄堧嫟瓿� 氤搓碃頄堨姷雼堧嫟. 鞝滌稖 靹滊鞐� 霐半ゴ氅� 頃措嫻 欤检嫕鞚� 鞝滍暅欤缄皜 頇曥爼(vesting)霅� 霑岇潣 靹戈笀 鞗愳矞歆曥垬 鞚橂毳� 鞚错枆頃橁赴 鞙勴暣 鞛愲彊鞙茧 毵る弰霅橃棃鞙茧┌, 毵り皝 雽�旮堨潃 甑劯觳�(Internal Revenue Service)鞐� 雮╇秬霅橃棃鞀惦媹雼�. 毵り皝 頉� Gary 鞌姅 歆侅爲 氤挫湢 順曧儨搿� 87,081欤茧ゼ 鞁れ鞝侅溂搿� 靻岇湢頃橁碃 鞛堨棃鞀惦媹雼�. Form 4 靹滊電� 氤搓碃鞚胳潉 雽�鞁犿暅 氩曤雽�毽澑(attorney-in-fact)鞚� 靹滊獏頄堨姷雼堧嫟. 頃措嫻 瓿奠嫓電� 雮措秬鞛愳潣 靹戈笀 鞗愳矞歆曥垬 氇╈爜鞚� 鞚检儊鞝� 毵り皝鞚挫, 旮绊儉 氇╈爜鞚� 鞛焿鞝� 欤检嫕 毵り皝鞚� 鞎勲嫏雼堧嫟.
Merrill Gary, Chief Commercial Officer et administrateur de Commvault Systems, Inc. (CVLT), a d茅clar茅 la vente de 2 628 actions ordinaires de la soci茅t茅 le 18/08/2025 au prix de 178,03 USD par action. Le document indique que les actions ont 茅t茅 vendues automatiquement uniquement pour satisfaire aux obligations de retenue fiscale lors du vesting des actions restreintes, et que le produit a 茅t茅 remis 脿 l'Internal Revenue Service. Apr猫s la vente, M. Gary d茅tenait b茅n茅ficiairement 87 081 actions, d茅tenues directement. Le Formulaire 4 a 茅t茅 sign茅 par un mandataire au nom de la personne d茅clarante. Cette divulgation concerne une vente courante li茅e 脿 la retenue fiscale d'un initi茅 et non une vente discr茅tionnaire 脿 d'autres fins.
Merrill Gary, Chief Commercial Officer und Direktor von Commvault Systems, Inc. (CVLT), meldete am 18.08.2025 den Verkauf von 2.628 Stammaktien des Unternehmens zu je 178,03 USD. Die Einreichung besagt, dass die Aktien automatisch ausschlie脽lich zur Erf眉llung von Steuerabzugspflichten beim Vesting eingeschr盲nkter Aktien verkauft wurden und die Erl枚se an den Internal Revenue Service abgef眉hrt wurden. Nach dem Verkauf besa脽 Herr Gary wirtschaftlich 87.081 Aktien, direkt gehalten. Das Formular 4 wurde von einem Bevollm盲chtigten im Namen der meldenden Person unterzeichnet. Die Offenlegung stellt einen routinem盲脽igen Insider-Verkauf zur Steuerabf眉hrung dar und nicht einen diskretion盲ren Aktientransfer zu anderen Zwecken.
- Transaction was for tax withholding on vested restricted stock, indicating the sale was procedural rather than a discretionary cash sale
- Reporting person retains a material direct stake of 87,081 shares after the transaction
- None.
Insights
TL;DR: Routine insider sale to cover tax withholding; not indicative of broader change in ownership or company guidance.
The reported disposition of 2,628 shares at $178.03 is described explicitly as an automatic sale to satisfy tax-withholding on vested restricted stock, which is a common and mechanical transaction that does not reflect a voluntary cash-raising decision by the officer. The remaining direct beneficial ownership of 87,081 shares provides a view of the officer's continued stake. For investors, this type of Form 4 typically carries limited informational content about management sentiment or company fundamentals.
TL;DR: Disclosure meets Section 16 reporting for a standard tax withholding disposition; no governance red flags evident.
The filing identifies the reporting person as both an officer and director, and documents a routine disposal tied to restricted stock vesting. The explicit explanation that proceeds were remitted to the IRS clarifies the transaction's purpose. There are no indications of related-party transfers, pledges, or derivative activity in this filing, and the single-line disclosure aligns with standard compliance practice under Section 16.
Merrill Gary, Chief Commercial Officer e amministratore di Commvault Systems, Inc. (CVLT), ha comunicato la vendita di 2.628 azioni ordinarie della societ脿 il 18/08/2025 a 178,03 USD per azione. La comunicazione indica che le azioni sono state vendute automaticamente esclusivamente per adempiere agli obblighi di ritenuta fiscale al momento del vesting delle azioni ristrette, e i proventi sono stati versati all'Internal Revenue Service. Dopo la vendita, il sig. Gary possedeva beneficiariamente 87.081 azioni, detenute direttamente. Il Modulo 4 猫 stato firmato da un procuratore (rappresentante autorizzato) per conto della persona che ha effettuato la comunicazione. Si tratta di una normale vendita per ritenuta fiscale da parte di un insider e non di una vendita discrezionale per altri scopi.
Merrill Gary, Chief Commercial Officer y director de Commvault Systems, Inc. (CVLT), inform贸 la venta de 2.628 acciones ordinarias de la compa帽铆a el 18/08/2025 a 178,03 USD por acci贸n. La presentaci贸n indica que las acciones se vendieron autom谩ticamente 煤nicamente para cubrir las obligaciones de retenci贸n fiscal al vestirse las acciones restringidas, y los ingresos se remitieron al Internal Revenue Service. Tras la venta, el Sr. Gary pose铆a beneficiariamente 87.081 acciones, en propiedad directa. El Formulario 4 fue firmado por un apoderado en nombre del declarante. La divulgaci贸n corresponde a una venta rutinaria por retenci贸n fiscal de un insider y no a una venta discrecional con otros fines.
Commvault Systems, Inc.(CVLT)鞚� 斓滉碃靸侅梾毂呾瀯鞛�(CCO) 瓴� 鞚挫偓鞚� Merrill Gary電� 2025-08-18鞐� 須岇偓 氤错喌欤� 2,628欤茧ゼ 欤茧嫻 178.03雼煬鞐� 毵り皝頄堧嫟瓿� 氤搓碃頄堨姷雼堧嫟. 鞝滌稖 靹滊鞐� 霐半ゴ氅� 頃措嫻 欤检嫕鞚� 鞝滍暅欤缄皜 頇曥爼(vesting)霅� 霑岇潣 靹戈笀 鞗愳矞歆曥垬 鞚橂毳� 鞚错枆頃橁赴 鞙勴暣 鞛愲彊鞙茧 毵る弰霅橃棃鞙茧┌, 毵り皝 雽�旮堨潃 甑劯觳�(Internal Revenue Service)鞐� 雮╇秬霅橃棃鞀惦媹雼�. 毵り皝 頉� Gary 鞌姅 歆侅爲 氤挫湢 順曧儨搿� 87,081欤茧ゼ 鞁れ鞝侅溂搿� 靻岇湢頃橁碃 鞛堨棃鞀惦媹雼�. Form 4 靹滊電� 氤搓碃鞚胳潉 雽�鞁犿暅 氩曤雽�毽澑(attorney-in-fact)鞚� 靹滊獏頄堨姷雼堧嫟. 頃措嫻 瓿奠嫓電� 雮措秬鞛愳潣 靹戈笀 鞗愳矞歆曥垬 氇╈爜鞚� 鞚检儊鞝� 毵り皝鞚挫, 旮绊儉 氇╈爜鞚� 鞛焿鞝� 欤检嫕 毵り皝鞚� 鞎勲嫏雼堧嫟.
Merrill Gary, Chief Commercial Officer et administrateur de Commvault Systems, Inc. (CVLT), a d茅clar茅 la vente de 2 628 actions ordinaires de la soci茅t茅 le 18/08/2025 au prix de 178,03 USD par action. Le document indique que les actions ont 茅t茅 vendues automatiquement uniquement pour satisfaire aux obligations de retenue fiscale lors du vesting des actions restreintes, et que le produit a 茅t茅 remis 脿 l'Internal Revenue Service. Apr猫s la vente, M. Gary d茅tenait b茅n茅ficiairement 87 081 actions, d茅tenues directement. Le Formulaire 4 a 茅t茅 sign茅 par un mandataire au nom de la personne d茅clarante. Cette divulgation concerne une vente courante li茅e 脿 la retenue fiscale d'un initi茅 et non une vente discr茅tionnaire 脿 d'autres fins.
Merrill Gary, Chief Commercial Officer und Direktor von Commvault Systems, Inc. (CVLT), meldete am 18.08.2025 den Verkauf von 2.628 Stammaktien des Unternehmens zu je 178,03 USD. Die Einreichung besagt, dass die Aktien automatisch ausschlie脽lich zur Erf眉llung von Steuerabzugspflichten beim Vesting eingeschr盲nkter Aktien verkauft wurden und die Erl枚se an den Internal Revenue Service abgef眉hrt wurden. Nach dem Verkauf besa脽 Herr Gary wirtschaftlich 87.081 Aktien, direkt gehalten. Das Formular 4 wurde von einem Bevollm盲chtigten im Namen der meldenden Person unterzeichnet. Die Offenlegung stellt einen routinem盲脽igen Insider-Verkauf zur Steuerabf眉hrung dar und nicht einen diskretion盲ren Aktientransfer zu anderen Zwecken.
FAQ
What did Merrill Gary report on the Form 4 for CVLT?
Why were the 2,628 shares sold according to the filing?
How many shares does Merrill Gary beneficially own after the reported transaction?
What is Merrill Gary's role at Commvault Systems as listed on the form?
Does the Form 4 show any derivative transactions or pledges by Merrill Gary?
