Commvault CFO Gary Merrill Sells 3,147 Shares
Merrill sold stock under a pre-established Rule 10b5-1 plan to cover tax withholding from vesting equity awards. His remaining position totals 69,628 shares worth ~$9.5 million.
Overview
Gary Merrill, Chief Financial Officer of Commvault Systems, Inc. (NASDAQ:CVLT), sold 3,147 shares of common stock on Aug. 18, 2026, and Aug. 19, 2026. SEC Form 4 filing. The sale was non-discretionary, executed to cover tax obligations associated with the vesting of restricted and performance stock units, and does not reflect the insider's view on the stock.
Transaction value based on SEC Form 4 weighted average sale price ($143.29); post-transaction value based on Aug. 19, 2026, market close ($137.32).
Details
Commvault Systems is a leading provider of cyber resilience solutions with a market capitalization of $5.9 billion and TTM revenue of $1.2 billion, demonstrating significant scale in the enterprise software market.
Source
Originally published at www.fool.com.