The cluster is routine and non-informative. The sales follow a large equity grant/vesting cycle and are tiny relative to market cap. Monitor the next 8-K or earnings release for any fundamental changes, but this insider activity alone does not warrant action.
Price Chart
Executive Summary
Three CVLT insiders — the CEO, CFO, and CAO — sold a combined $1.25M in open-market shares on May 18, 2026, all at $104.54. The CEO's sale ($884K) and CFO's sale ($324K) represent the bulk of the cluster. The sales follow a May 15 grant/vesting event where the same insiders received non-cash equity awards, suggesting the sales are likely liquidity-driven to cover tax obligations or diversify concentrated positions, rather than a coordinated bearish signal. At 0.03% of market cap, the dollar value is trivial.
Key Financial Metrics
Key Facts
- CEO Sanjay Mirchandani sold 8,457 shares for $884K on May 18 at $104.54
- CFO Gary Merrill sold 3,098 shares for $324K on May 18 at $104.54
- CAO Danielle Abrahamsen sold 409 shares for $43K on May 18 at $104.54
- Total open-market sales: $1.25M, representing 0.03% of CVLT's $4.4B market cap
- All three insiders received non-cash equity grants/vestings on May 15 (CEO: 70,150 shares, CFO: 24,357 shares, CAO: 3,897 shares)
- Sales occurred 3 days after the grant/vesting event, consistent with tax-withholding or diversification planning
Financial Impact
Total insider sales of $1.25M represent 0.03% of CVLT's $4.4B market cap — well below the 0.1% threshold for materiality
Risk Factors
- Insider sales could increase if the stock continues to appreciate, but this is normal post-vesting behavior
- No evidence of coordinated bearish view — sales are small and follow equity awards
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-CVLT-1779225635582 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 6, 2026 20d ago | Press Release | $154.98 | awaiting T+60 | — | $167.73 (+8.23%) |
Sep 24, 2026 4w ago | 8-K | $150.00 | awaiting T+60 | — | $167.73 (+11.82%) |
Aug 19, 2026 9w ago | Insider Cluster | $131.63 | awaiting T+60 | — | $167.73 (+27.43%) |
Aug 12, 2026 10w ago | Insider Cluster | $151.10 | awaiting T+60 | — | $167.73 (+11.01%) |
Aug 10, 2026 11w ago | Insider Cluster | $139.43 | awaiting T+60 | — | $167.73 (+20.30%) |
Jul 28, 2026 12w ago | 8-K | $120.02 $163.55 | ▲ +36.26% | ▲ +31.91% | $167.73 (+39.75%) |
May 21, 2026 22w ago | Insider Cluster | $107.25 $142.81 | ▲ +33.16% | ▲ +29.97% | $167.73 (+56.39%) |
May 21, 2026 22w ago | Insider Cluster | $107.25 $142.81 | ▲ +33.16% | ▲ +29.97% | $167.73 (+56.39%) |
May 21, 2026 22w ago | Insider Cluster | $107.25 $142.81 | ▲ +33.16% | ▲ +29.97% | $167.73 (+56.39%) |
May 19, 2026 22w ago | Insider Cluster | $104.54 $147.09 | ▲ +40.70% | ▲ +35.69% | $167.73 (+60.45%) |
US Market Status
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