Gary Merrill, Chief Financial Officer of Commvault Systems Inc, filed a Form 4 on August 19, 2026, disclosing two sales of common stock on August 18 and August 19, 2026.

Key Highlights

  • Tax-withholding sale: 1,854 shares were disposed of on August 18, 2026, at $143.64 per share, automatically sold solely to satisfy tax withholding obligations on vesting of restricted and performance stock.
  • Rule 10b5-1 plan sale: 1,293 shares were disposed of on August 19, 2026, at $142.80 per share, pursuant to a Rule 10b5-1 trading plan.
  • Trading plan details: The August 19 sale was made under a plan adopted November 20, 2024, as amended on June 13, 2025.
  • Resulting ownership: Following both transactions, Merrill directly beneficially owned 69,628 shares of common stock.
  • 10b5-1 box checked: The filing indicates the August 19 transaction was made pursuant to a contract, instruction, or written plan intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Commvault CFO Merrill Discloses Stock Disposals in Two-Day Transactions

According to the filing, Gary Merrill, identified as Chief Financial Officer of Commvault Systems Inc (NASDAQ:CVLT), reported two separate disposals of common stock. The first, on August 18, 2026, involved 1,854 shares sold at $143.64 each. The filing states this sale "represents shares automatically sold solely to satisfy tax withholding obligations of reporting person on vesting of restricted and performance stock," with proceeds submitted to the Internal Revenue Service. Following that transaction, Merrill's direct beneficial ownership stood at 70,921 shares.

The second disposal occurred on August 19, 2026, when 1,293 shares were sold at $142.80 per share under a pre-existing Rule 10b5-1 trading plan. The filing notes the plan was originally adopted on November 20, 2024, and subsequently amended on June 13, 2025. After this sale, Merrill's directly held beneficial ownership totaled 69,628 shares. Both transactions are reported as direct ownership disposals, coded "S" (open-market or private sale) in Table I of the filing.

The Form 4 was signed by Danielle Abrahamsen as Attorney-in-Fact on August 19, 2026. No derivative securities were reported in Table II of the filing.

What Was Disclosed

Commvault Systems Inc's CFO Gary Merrill disclosed two sales of common stock totaling 3,147 shares across August 18-19, 2026, one for tax withholding and one under a Rule 10b5-1 plan, leaving him with 69,628 directly owned shares.