Company: CVLT
Filing Date: 2025-10-29
Form Type: 10-Q
Source: 0001169561-25-000089
Chunk: 34

Company: COMMVAULT SYSTEMS INC
Filing Date: 2025-10-29
Form: 10-Q
Item: Item 4
Chunk 34
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Accounting for the Notes and Capped Calls may increase volatility in our reported financial results.

The Notes and Capped Calls are subject to complex accounting requirements. Although the Capped Calls are accounted for in stockholders’ equity and therefore not remeasured each period, conversions and changes in our share count may affect diluted earnings per share, and application of the relevant accounting standards may introduce period-to-period volatility in our reported results.

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds

Issuer Purchases of Equity Securities    

During the three months ended September 30, 2025, we repurchased $131.0 million of common stock, or approximately 0.7 million shares, under our share repurchase program. As of September 30, 2025, the remaining amount available under the current authorization was $103.9 million. The following table summarizes our repurchases of common stock for the three months ended September 30, 2025:

PeriodTotal number of shares purchasedAverage price paid per shareTotal number of shares purchased as part of publicly announced programsApproximate dollar value of shares that may yet be purchased under the program(in thousands)(1)July 1, 2025 - July 31, 202577,188 $169.26 77,188 $221,886August 1, 2025 - August 31, 20251,645 $181.69 1,645 $221,587September 1, 2025 - September 30, 2025658,125 $178.78 658,125 $103,927Total736,958 $177.79 736,958 

(1) On April 17, 2025, the Board approved an increase of the existing share repurchase program so that $250.0 million was available. The Board's authorization has no expiration date.

Item 3. Defaults upon Senior Securities

None.

Item 4. Mine Safety Disclosures

Not Applicable.

Item 5. Other Information

During the three months ended September 30, 2025, no directors or officers of the Company adopted, modified or terminated any Rule 10b5-1 trading arrangement or “Non-Rule 10b5-1 trading arrangement” as each term is defined in Item 408 of Regulation S-K.

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Item 6. Exhibits

Exhibit No.Description4.1Indenture, dated September 5,