Commvault CFO Gary Merrill Sells 3,147 Shares
Key Points
Merrill liquidated 3,147 shares at ~$143.29 per share for a total value of ~$451,000.
The disposition accounted for 4% of the executive's direct equity holdings.
The transaction was executed entirely through direct ownership, with the CFO reporting no indirect interest in entities like trusts or LLCs.
The sale was completed under a Rule 10b5-1 trading plan originally adopted in November 2024 and amended in June 2025.
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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 summary
| Metric | Value |
|---|---|
| Transaction value | ~$451,000 |
| Shares sold (directly held) | 3,147 |
| Post-transaction shares (directly held) | 69,628 |
| Post-transaction value | $9.56 million |
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).
Key questions
- What initiated this disposal of equity?
The transaction was an automated sell-to-cover event intended to satisfy mandatory tax withholding requirements arising from the vesting of restricted and performance stock awards. - How does the Rule 10b5-1 plan govern the CFO's trading activity?
The sale was executed according to a pre-established Rule 10b5-1 plan adopted on Nov. 20, 2024, and later amended on June 13, 2025, which allows insiders to diversify their holdings at pre-determined intervals. - What is the scale of the CFO's remaining equity position?
Following this transaction, Merrill continues to hold 69,628 shares of common stock directly, which represented a total market value of $9.56 million as of the Aug. 19, 2026, market close. - What is the company's current financial profile and market standing?
Commvault Systems reported trailing twelve-month (TTM) revenue of $1.2 billion and net income of $68 million. At the same time, its common stock recorded a one-year return of -22% as of the transaction date of Aug. 19, 2026.
Company Overview
| Metric | Value |
|---|---|
| Share Price (as of market close 2026-08-18) | $142.81 |
| Market Capitalization | $5.9 billion |
| Revenue (TTM) | $1.2 billion |
| Net Income (TTM) | $68.3 million |
Company Snapshot
- Commvault Systems, Inc. provides a comprehensive cyber resilience platform that enables organizations to protect, back up, and recover data and cloud-native applications across on-premises and cloud environments worldwide.
- The company generates revenue through a software-as-a-service (SaaS) and subscription-based model, delivering operational recovery solutions, autonomous disaster recovery capabilities, and data mobility services that optimize infrastructure costs while ensuring business continuity.
- Commvault serves enterprise customers across multiple verticals, including financial services, healthcare, manufacturing, and government, targeting organizations with complex IT environments that require robust data protection and recovery capabilities.
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.
The company's platform addresses critical business needs around data protection, disaster recovery, and cloud workload mobility, positioning it as a strategic solution for enterprises navigating digital transformation and cybersecurity challenges.
With 3,300 employees and a diversified customer base, Commvault maintains a competitive advantage through its integrated approach to backup, recovery, and autonomous disaster recovery capabilities across hybrid and multi-cloud environments.
What this transaction means for investors
This sale shouldn't concern investors. It represented a small percentage of the insider's holdings in the company's stock. The insider also continues to hold the substantial majority of his stake worth about $9 million.
Importantly, CommVault's TTM revenue has continued to grow at a double-digit rate, and its operating margin remains stable at around 6%.
Analysts still expect the company's earnings to grow sharply over the next few years. However, some of this growth may already be reflected in the share price, which trades at a high price-to-earnings multiple.
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John Ballard has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
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