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CVLT - Commvault Systems Inc

Insider Sale by Mirchandani Sanjay (Pres, CEO)

1 Month
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Trade Summary

1 week ago, Mirchandani Sanjay, serving as Pres, CEO at Commvault Systems Inc (CVLT), sold 20,390 shares at $79.52 per share, for a total transaction value of $1,621,353.00. Following this transaction, Mirchandani Sanjay now holds 332,529 shares of CVLT.

This sale represents a 6.00% decrease in Mirchandani Sanjay's stake in the company. This is considered a high-conviction trade given the significant change in ownership.

The trade was executed on Monday, March 16, 2026 and publicly disclosed via SEC Form 4 filing on Wednesday, March 18, 2026, 2 days after the trade was made.

Commvault Systems Inc operates in the TECHNOLOGY sector, specifically within the SOFTWARE - APPLICATION industry. Insider selling activity in this sector can provide valuable signals about industry trends and company-specific developments.

Mirchandani Sanjay

Mirchandani Sanjay

Pres, CEO

Sanjay Mirchandani is the President and Chief Executive Officer of Commvault Systems Inc. (CVLT), a position he has held since 2019.[[2]](https://www.zoominfo.com/p/Sanjay-Mirchandani/1289828056)[[6]](https://www.commvault.com/about-us/leadership) Under his leadership, the company has transformed from a traditional data protection and backup provider—founded about 30 years ago—into a data resilience platform focused on integrating security, identity, and recovery, particularly for the AI era, with initiatives like ResOps (resilience operations) and acquisitions such as Appranix.[[1]](https://www.crn.com/news/storage/2025/commvault-ceo-we-are-a-resilience-company-in-the-era-of-ai)[[2]](https://www.zoominfo.com/p/Sanjay-Mirchandani/1289828056) Mirchandani has emphasized Commvault's competitive edge through platform integration and AI enhancements, positioning it as a leader in cyber resilience and data management across cloud, on-premise, and hybrid environments.[[1]](https://www.crn.com/news/storage/2025/commvault-ceo-we-are-a-resilience-company-in-the-era-of-ai)[[3]](https://www.youtube.com/watch?v=8-nnOi58B8s) His total compensation for the fiscal year ending 2023 was $10.85 million, reported as 117 times the median employee pay.[[4]](https://aflcio.org/paywatch/CVLT) Recently, as a corporate insider, he sold 6,480 shares on February 18, 2026, at $90.28 per share, reducing his holdings to 352,919 shares.[[5]](https://www.tradingview.com/news/tradingview:cee8545039aff:0-commvault-systems-ceo-sanjay-mirchandani-sells-shares/)[[7]](https://www.marketbeat.com/instant-alerts/commvault-systems-nasdaqcvlt-ceo-sells-58501440-in-stock-2026-02-20/)

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Trade Price

$79.52

Quantity

20,390

Total Value

$1,621,353.00

Shares Owned

332,529

Trade Date

Monday, March 16, 2026

7 days ago

SEC Filing Date

Wednesday, March 18, 2026

Filed 2 days after trade

TECHNOLOGYSOFTWARE - APPLICATION

About Commvault Systems Inc

Company Overview

No company information available
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