Company: CVLT
Filing Date: 2025-05-05
Form Type: 10-K
Source: 0001169561-25-000034
Chunk: 53

Company: COMMVAULT SYSTEMS INC
Filing Date: 2025-05-05
Form: 10-K
Item: Item 5
Chunk 53
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Item 5.Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities

Market for our Common Stock

Our common stock is listed and traded on The Nasdaq Stock Market under the symbol “CVLT”. 

Stockholders

As of May 2, 2025, there were approximately 38 holders of our common stock. The number of record holders does not represent the actual number of beneficial owners of shares of our common stock because shares are frequently held in street name by securities dealers and others for the benefit of individual owners who have the right to vote their shares.

Dividend Policy

We have never paid cash dividends on our common stock, and we intend to retain our future earnings, if any, to fund the growth of our business. We therefore do not anticipate paying any cash dividends on our common stock in the foreseeable future. Our future decisions concerning the payment of dividends on our common stock will depend upon our results of operations, financial condition and capital expenditure plans, as well as any other factors that the Board of Directors, in its sole discretion, may consider relevant.

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Issuer Purchases of Equity Securities

During the three months ended March 31, 2025, we repurchased $29.8 million of common stock, or approximately 0.2 million shares, under our repurchase program. As a result, $91.5 million remained available under the current authorization. A summary of our repurchases of common stock is as follows:

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)January 1, 2025 - January 31, 202562,963 $157.92 62,963 $111,349 February 1, 2025 - February 28, 202553,923 174.65 53,923 101,932 March 1, 2025 - March 31, 202565,250 160.32 65,250 91,471 *Three months ended March 31, 2025182,136 $163.73 182,136 

*On April 17, 2025, the Board of Directors approved an increase in our share repurchase program so that $250.0 million was available. The Board's authorization has no expiration date.

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Stock Performance Graph

The graph set forth below