0001169561-24-000056.txt : 20240517 0001169561-24-000056.hdr.sgml : 20240517 20240517200212 ACCESSION NUMBER: 0001169561-24-000056 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20240515 FILED AS OF DATE: 20240517 DATE AS OF CHANGE: 20240517 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Mirchandani Sanjay CENTRAL INDEX KEY: 0001765820 ORGANIZATION NAME: FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-33026 FILM NUMBER: 24962092 MAIL ADDRESS: STREET 1: 188 MINNA STREET, #29C CITY: SAN FRANCISCO STATE: CA ZIP: 94105 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: COMMVAULT SYSTEMS INC CENTRAL INDEX KEY: 0001169561 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] ORGANIZATION NAME: 06 Technology IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 0331 BUSINESS ADDRESS: STREET 1: 1 COMMVAULT WAY CITY: TINTON FALLS STATE: NJ ZIP: 07724 BUSINESS PHONE: 732-870-4000 MAIL ADDRESS: STREET 1: 1 COMMVAULT WAY CITY: TINTON FALLS STATE: NJ ZIP: 07724 4 1 wk-form4_1715990523.xml FORM 4 X0508 4 2024-05-15 0 0001169561 COMMVAULT SYSTEMS INC CVLT 0001765820 Mirchandani Sanjay 1 COMMVAULT WAY TINTON FALLS NJ 07724 1 1 0 0 President & CEO 1 Common Stock 2024-05-15 4 A 0 45558 0 A 474135 D Common Stock 2024-05-15 4 A 0 34168 0 A 508303 D Common Stock 2024-05-15 4 A 0 34168 0 A 542471 D Common Stock 2024-05-16 4 A 0 12969 0 A 555440 D Common Stock 2024-05-16 4 S 0 15975 110.20 D 539465 D Common Stock 2024-05-17 4 S 0 14581 110.91 D 524884 D Common Stock 2024-05-17 4 A 0 12955 0 A 537839 D Common Stock 2024-05-17 4 S 0 8773 110.61 D 529066 D Common Stock 2024-05-17 4 S 0 6754 111.04 D 522312 D The common stock is being granted as restricted stock units and is subject to a 3-year vesting schedule, as follows: 1/3 on the first anniversary of the grant with the remaining portion vesting in equal quarterly installments thereafter. The common stock is being granted as performance share units (PSUs), 1/3 of which will vest, on each of the first, second and third anniversaries of the grant date of the award, if on such dates the Company's total shareholder return satisfies specified benchmarks relative to Russell 3000 index. The common stock is being granted as performance share units (PSUs), which will vest, over a three year period based on the Company's achievement of certain financial performance metrics tied to revenue measures. Represents additional shares issued in connection with the Company's total shareholder return for fiscal year 2024 satisfying specified benchmarks relative to the Russell 3000 index pursuant to the terms of an award granted on May 15, 2023. Represents shares automatically sold solely to satisfy tax withholding obligations of reporting person on vesting of restricted stock. Proceeds from the sale were submitted to the Internal Revenue Service. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $110.20 and $110.42, inclusive. Full information regarding the number of shares sold at each separate price will be provided by the reporting person upon request to the staff of the Securities and Exchange Commission, the issuer, or a security holder of the issuer. Represents additional shares issued in connection with the Company's total shareholder return for fiscal year 2024 satisfying specified benchmarks relative to the Russell 3000 index pursuant to the terms of an award granted on May 16, 2022. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $109.94 and $110.90, inclusive. Full information regarding the number of shares sold at each separate price will be provided by the reporting person upon request to the staff of the Securities and Exchange Commission, the issuer, or a security holder of the issuer. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $110.91 and $111.28, inclusive. Full information regarding the number of shares sold at each separate price will be provided by the reporting person upon request to the staff of the Securities and Exchange Commission, the issuer, or a security holder of the issuer. /s/ Danielle Abrahamsen, Attorney-in-Fact 2024-05-17