Veeva Systems (NYSE: VEEV) director converts 271 RSUs and moves shares into revocable trust
Rhea-AI Filing Summary
Veeva Systems director Mark T. Carges reported routine equity activity involving 271 shares of Class A Common Stock. He exercised 271 Restricted Stock Units at a conversion price of $0.0000 per unit, receiving 271 shares directly.
According to the footnotes, those 271 shares were then transferred to the Mark Carges Revocable Trust dated 01/30/2019, where he serves as trustee and beneficiary and may share voting and dispositive power. After this internal transfer, the trust holds 12,682 shares of Class A Common Stock. The transaction is described as exempt from Section 16(b) under Rule 16b-6(b) and reflects compensation-related vesting and an internal estate-planning move rather than an open‑market trade.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 271 shares
Net Buy
3 txns
Insider
Carges Mark T
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 271 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 271 | $0.00 | $0.00 |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct);
Class A Common Stock — 271 shares (Direct);
Class A Common Stock — 12,682 shares (Indirect, By Mark Carges Revocable Trust dated 01/30/2019)
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. The number of shares beneficially owned reflects the transfer of 271 shares of Class A Common Stock from the Reporting Person to the Mark Carges Revocable Trust dtd 1/30/19 (the "Trust"). The Reporting Person is a trustee and beneficiary of the Trust, and may be deemed to share voting and dispositive power with regard to the reported shares held by the Trust.
- F3. Shares held by the Mark Carges Revocable Trust dtd 1/30/19 (the "Trust"). The Reporting Person is a trustee and beneficiary of the Trust, and may be deemed to share voting and dispositive power with regard to the reported shares held by the Trust.
- F4. Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of Class A Common Stock of the Issuer.
- F5. On June 18, 2025, the Reporting Person was granted 1,084 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.
Key Figures
RSUs exercised: 271 units
Conversion price: $0.0000 per share
Trust holdings: 12,682 shares
+2 more
5 metrics
RSUs exercised
271 units
Converted into Class A Common Stock on June 1, 2026
Conversion price
$0.0000 per share
Exercise of Restricted Stock Units into common shares
Trust holdings
12,682 shares
Class A Common Stock held by Mark Carges Revocable Trust
Original RSU grant
1,084 RSUs
Granted on June 18, 2025 under equity incentive plan
Initial vesting tranche
1/4 of 1,084 RSUs
Vested on September 1, 2025 with remaining vesting quarterly
Key Terms
Restricted Stock Unit ("RSU"), Section 16(b) of the Securities Exchange Act of 1934, Rule 16b-6(b), beneficially owned, +1 more
5 terms
Restricted Stock Unit ("RSU") financial
"Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share..."
Section 16(b) of the Securities Exchange Act of 1934 regulatory
"Transaction exempt from Section 16(b) of the Securities Exchange Act of 1934..."
Rule 16b-6(b) regulatory
"Transaction exempt from Section 16(b)... pursuant to Rule 16b-6(b) promulgated under the Act."
beneficially owned financial
"The number of shares beneficially owned reflects the transfer of 271 shares..."
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
dispositive power financial
"may be deemed to share voting and dispositive power with regard to the reported shares..."
Dispositive power is the authority to decide the final outcome of an asset, legal claim, contract, or corporate action — in effect the power to dispose of or resolve something. For investors it matters because whoever holds that authority can determine who gets paid, who controls an asset or vote, and how risks and returns are allocated; think of it like holding the key that lets you lock in the winner or loser in a deal.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did VEEVA SYSTEMS INC (VEEV) director Mark Carges report on this Form 4?
Mark T. Carges reported a routine equity compensation event. He exercised 271 Restricted Stock Units into Class A Common Stock at a conversion price of $0.0000 and moved those shares into his revocable trust as part of his beneficial holdings.
What is the nature of the 271 Restricted Stock Units reported for VEEV?
The 271 units were Restricted Stock Units converting into common shares. Each RSU represented a contingent right to receive one share of Class A Common Stock and was granted under the company’s Amended & Restated 2013 Equity Incentive Plan subject to scheduled vesting conditions.
When were the VEEV Restricted Stock Units originally granted and how do they vest?
The RSUs were granted on June 18, 2025. The grant covered 1,084 RSUs, with one-quarter vesting on September 1, 2025 and the remaining units vesting in equal quarterly installments, subject to continued service on Veeva’s board of directors.
Was the VEEV insider transaction an open-market buy or sell?
No, the transaction was not an open-market trade. It involved the exercise of RSUs at a $0.0000 conversion price and an internal transfer of 271 shares to a revocable trust, described as exempt from Section 16(b) under Rule 16b-6(b).
How does this VEEVA SYSTEMS INC (VEEV) Form 4 affect Mark Carges’ reported holdings?
The Form 4 shows 12,682 shares held through his revocable trust. Following the conversion of 271 RSUs and transfer into the trust, his beneficial ownership now includes these shares under indirect ownership, where he may share voting and dispositive power.