Derivative exercise or conversion — not an open-market buy.
Written from the filing's own figures. OQRO describes what was reported and never tells you what to buy or sell
View the official recordSEC Form 4 — Statement of Changes in Beneficial OwnershipAll the details
Dates, kept separate
Transaction date
May 15, 2026
Reporting period
Not applicable
Filed with the SEC
May 19, 2026
CEOOption exercise
Context
Classification
option exercise
Code M — exercise or conversion of a derivative security
Planned / mechanical clue
Footnote references vesting of compensation awards
Only flagged when a footnote says so; never inferred
Source receipt
Record ID
0001765820-26-000008
Filed / recorded
May 19, 2026, 9:16 PM UTC
Added to OQRO
Oct 6, 2026, 7:14 PM UTC
Parser
form4-xml-v2
Data quality
Verified: identifiers matched exactly
Issuer
COMMVAULT SYSTEMS INC
Issuer CIK
1169561
Ticker
CVLT
Reporting person
Sanjay Mirchandani
Relationship
Director, Officer
Officer title
President & CEO
Security
Common Stock
Table
Non-derivative (Table I)
Transaction date
May 15, 2026
Transaction code
M
Shares / units
926
Price per share
$0.00
Acquired / disposed
Acquired (A)
Shares owned after
273,080
Ownership form
Direct
Amendment
No
Footnotes from the filing
Granted on May 15, 2025, represents 926 performance stock units ("PSUs") vested on the first anniversary of the grant date. The remaining 1,879 earned PSUs from this award, previously reported on Table II, are included in the Table I balance, subject to time-based vesting through May 15, 2028. Each PSU represents the right to receive one share of common stock.
The amount of securities beneficially owned includes (a) shares of Common Stock owned outright by the Reporting Person and (b) shares underlying earned PSUs and restricted stock units ("RSUs") that remain subject to time-based vesting criteria. The amount excludes the following shares mistakenly included in prior Forms 4: (i) 12,968 shares attributable to a total shareholder return ("TSR") PSU award granted on May 15, 2023, (ii) 22,778 shares attributable to a TSR PSU award granted on May 15, 2024, (iii) 25,497 shares attributable to a TSR PSU award granted on May 15, 2025, and (iv) 1,011 shares to correct a historical balance discrepancy. Going forward, PSUs will be reported on Form 4 in Table I once earned.
