VEEV Form 4: 262 RSUs vested for director Priscilla Hung; 787 RSUs remain
Rhea-AI Filing Summary
Priscilla Hung, a director of Veeva Systems Inc. (VEEV), had 262 restricted stock units vest on September 1, 2025, and those RSUs were converted into 262 shares of Class A common stock at no cash price. After this transaction the reporting person beneficially owned 4,228 shares of Class A common stock and retained 787 unvested RSUs that remain subject to future vesting. The Form 4 indicates the underlying grant totaled 1,049 RSUs awarded on June 18, 2025, with 1/4 vesting on September 1, 2025 and the remainder scheduled to vest quarterly thereafter subject to continued board service.
Positive
- 262 RSUs vested on 09/01/2025 and were converted into 262 shares of Class A common stock at $0 price as reported
- Beneficial ownership increased to 4,228 Class A common shares for the reporting person following the transaction
Negative
- None.
Insights
TL;DR: A routine board-member equity vesting converted 262 RSUs into shares, increasing direct holdings to 4,228 shares; remaining 787 RSUs continue to vest.
This Form 4 documents a standard vesting event under the company's equity plan. The grant date (June 18, 2025) and the total grant size (1,049 RSUs) are disclosed, with 1/4 vesting on September 1, 2025 (262 RSUs) and the balance vesting quarterly. The transaction code and explanatory footnote identify the transfer as exempt under Rule 16b-6(b), consistent with typical director compensation settlements. The direct beneficial ownership and outstanding RSU balances are explicit in the filing.
TL;DR: Disclosure shows routine equity compensation vesting for a director; no departures, option exercises, or sales reported.
The filing provides clear mechanics: 262 RSUs vested and were reported as acquired shares at $0 price, and 787 RSUs remain unvested. The filing was submitted by an attorney-in-fact and is single-reporting-person. There are no indications of amendments, derivative exercises beyond RSU conversion, or atypical transaction codes. This is a routine governance disclosure reflecting standard board member equity vesting schedules.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 262 | $0.00 | -- |
| Exercise | Class A Common Stock | 262 | $0.00 | -- |
Footnotes (1)
- 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. Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of Class A Common Stock of the Issuer. On June 18, 2025, the Reporting Person was granted 1,049 RSUs under the Issuer's Amended & Restated 2013 Equity Incentive Plan, of which 1/4 of the RSUs vested on September 1, 2025, with the remaining RSUs vesting equally on a quarterly basis thereafter, subject to continued service on the Issuer's board of directors on the applicable vesting date.
