Company: CVLT
Filing Date: 2025-06-25
Form Type: DEF 14A
Source: 0001169561-25-000059
Chunk: 73

Company: COMMVAULT SYSTEMS INC
Filing Date: 2025-06-25
Form: DEF 14A
Chunk 73
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      675 |     |        — |
| Business combination costs(6)                                       |     |                             |     |    2,541 |     |        — |
| Noncash impairment charges(7)                                       |     |                             |     |    2,910 |     |        — |
| Change in contingent consideration(8)                               |     |                             |     |    2,060 |     |        — |
| Gain on escrow payment(9)                                           |     |                             |     |        — |     |   -1,670 |
| Non-GAAP provision for income taxes adjustment(10)                  |     |                             |     |  -47,143 |     | -134,989 |
| Non-GAAP net income                                                 |     |                             |     | $164,954 |     | $134,364 |
| Non-GAAP free cash flow reconciliation:                             |     |                             |     |          |     |          |
| GAAP cash provided by operating activities                          |     |                             |     | $207,382 |     | $203,798 |
| Purchase of property and equipment                                  |     |                             |     |   -3,756 |     |   -4,086 |
| Non-GAAP free cash flow                                             |     |                             |     | $203,626 |     | $199,712 |

1. Represents noncash stock-based compensation charges associated with RSUs granted under our 2016 Incentive Plan and purchase rights issued under our ESPP, exclusive of stock-based compensation expense related to Commvault’s restructuring activities described below in Note 3.

2. Represents additional FICA and related payroll tax expenses incurred by Commvault when employees exercise in-the-money stock options or vest in restricted stock awards.

3. These restructuring charges relate primarily to severance and related costs associated with headcount reductions and stock-based compensation related to modifications of existing unvested awards granted to certain employees impacted by our restructuring plans.

4. Represents noncash amortization of intangible assets.

#### 68COMMVAULT SYSTEMS, INC. |2025 PROXY STATEMENT
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5. During fiscal 2025, we entered into a settlement agreement resulting in a payment of approximately $1.5 million which resolved certain legal matters. Approximately $0.7 million was recorded in general and administrative expenses for the year ended March 31, 2025, and the remaining $0.8 million was incurred in a prior period that is