Veeva Systems counsel gifts 803 Class A shares
After the October 1 transaction, the reported derivative position was 3,270 RSUs; the next day's separate transaction was an 803-share charitable gift.
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Rhea-AI Filing Summary
Veeva Systems SVP, Gen. Counsel, Secretary Jonathan Faddis reported that on October 1, 2026, 1,636 restricted stock units converted into 1,636 Class A common shares. The issuer withheld 833 shares to satisfy tax withholding and remittance obligations in connection with net settlement of vested RSUs, not a market transaction; 3,270 RSUs remained after the transaction. On October 2, 2026, Faddis made a bona fide charitable gift of 803 Class A shares with no payment in consideration.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Class A Common Stock F4 | 803 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units F2, F1, F5 | 1,636 | $0.00 | $0.00 |
| Exercise | Class A Common Stock F1, F2 | 1,636 | $0.00 | $0.00 |
| Tax Withholding | Class A Common Stock F3 | 833 | $281.93 | $235K |
Footnotes (5)
- F1. Transaction exempt from Section 16(b) of the Securities Exchange Act of 1934 (the "Act") pursuant to Rule 16b-6(b) promulgated under the Act.
- F2. Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of Class A Common Stock of the Issuer.
- F3. Represents shares that have been withheld by the Issuer to satisfy tax withholding and remittance obligations in connection with the net settlement of vested restricted stock units and not a market transaction. Transaction exempt from Section 16(b) of the Act pursuant to Rule 16b-3(e) promulgated under the Act.
- F4. This was a bona fide charitable gift with no payment in consideration.
- F5. The RSUs were granted under the Issuer's Amended & Restated 2013 Equity Incentive Plan. The Reporting Person vests ownership in the RSUs over 1-year with 1/4 of the RSUs vesting on July 1, 2026, and 1/4 of the RSUs vesting on a quarterly basis thereafter, subject to continued service to the Issuer by the Reporting Person.
Key Figures
Key Terms
Restricted Stock Unit financial
net settlement financial
Rule 16b-3(e) regulatory
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