STOCK TITAN
  1. Home
  2. Sec-filings
  3. VEEV
  4. [Form 4] VEEVA SYSTEMS INC Insider Trading Activity

Veeva Systems (NYSE: VEEV) director converts 271 RSUs and moves shares into revocable trust

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

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 Carges Mark T
Role null
Type Security Shares Price Value
Exercise Restricted Stock Units 271 $0.00 --
Exercise Class A Common Stock 271 $0.00 --
holding Class A Common Stock -- -- --
Holdings After Transaction: Restricted Stock Units — 0 shares (Direct, null); Class A Common Stock — 271 shares (Direct, null); Class A Common Stock — 12,682 shares (Indirect, By Mark Carges Revocable Trust dated 01/30/2019)
Footnotes (1)
  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. 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. 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. 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 1,084 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.
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
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.
See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google
Add on Google
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Carges Mark T
(Last)(First)(Middle)
C/O VEEVA SYSTEMS INC.
4280 HACIENDA DRIVE
(Street)
PLEASANTON CALIFORNIA 94588
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
VEEVA SYSTEMS INC [ VEEV ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/01/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Class A Common Stock06/01/2026M(1)271A$0271D
Class A Common Stock12,682(2)IBy Mark Carges Revocable Trust dated 01/30/2019(3)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Units(4)06/01/2026M(1)271 (5) (5)Class A Common Stock271$00D
Explanation of Responses:
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.
2. 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.
3. 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.
4. Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of Class A Common Stock of the Issuer.
5. 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.
Remarks:
/s/ Liang Dong, attorney-in-fact06/03/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

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.

How many VEEVA SYSTEMS INC (VEEV) shares are held by the Mark Carges Revocable Trust?

The Mark Carges Revocable Trust holds 12,682 Class A shares. The filing notes that 271 newly issued shares were transferred into the trust, bringing its reported beneficial ownership to 12,682 shares, with Carges sharing voting and dispositive power over those shares.

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.