Company: CVLT
Filing Date: 2025-06-25
Form Type: DEF 14A
Source: 0001169561-25-000059
Chunk: 41

Company: COMMVAULT SYSTEMS INC
Filing Date: 2025-06-25
Form: DEF 14A
Chunk 41
---
. Represents the maximum amount for PSUs granted. The maximum payout opportunity for PSUs is 300% for all of the NEOs. See “Long-Term Equity Incentive Awards” in “Fiscal 2025 Compensation Decisions” for more information.

7. Amounts in this column reflect time-based RSU awards granted during fiscal 2025 to our NEOs under our 2016 Incentive Plan.

8. The amounts reported in this column represent the grant date fair value of the RSU awards and PSU awards (shown at target) granted during the fiscal year indicated as computed in accordance with FASB ASC Topic 718. The amounts shown disregard estimated forfeitures related to service-based vesting conditions. See Note 11 of our consolidated financial statements contained in our Annual Report on Form 10-K for the year ended March 31, 2025, for a discussion of the assumptions we made in determining the grant date fair value of such awards.

#### 42COMMVAULT SYSTEMS, INC. |2025 PROXY STATEMENT
Table of Contents

Fiscal 2025 Outstanding Equity Awards at Fiscal Year End Table

The following table reflects all outstanding equity awards held by our NEOs as of March 31, 2025:

|                    |     |               |     |          | Option Awards    |   |     |          |   |     |            |   |     | Stock Awards              |        |           |                                                            |            |     |                                                               |        |     |                                                   |           |
| Name               |     | Grant Date(1) |     |          | Number of        
 Securities       
 Underlying       
 Unexercised      
 Options          
 (Exercisable)(#) |   |     | Option   
 Exercise 
 Price($) |   |     | Option     
 Expiration 
 Date       |   |     | Number of                 
 Shares or                 
 Units of Stock            
 That Have NotVested(#)(2) |        |           | Market Valueof UnearnedShares orUnits ofStock ThatHave Not 
 Vested($)                                                  |            |     | Equity IncentivePlan Awards:Number of                         
 UnearnedShares, Units orOther RightsThat Have NotVested(#)(3) |        |     | Equity Incentive                                  
 Plan Awards:                                      
 Market orPayout Value of                          
 UnearnedShares, Units orOther RightsThat Have Not 
 Vested($)                                         |           |
| Sanjay Mirchandani |     |               |     | 05/15