Veeva officer exercises RSUs, withholds shares for tax
Veeva Systems Chief Accounting Officer Vipin Kondath reported routine equity compensation activity involving Class A Common Stock on July 1, 2026.
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Form Type
4
Rhea-AI Filing Summary
Veeva Systems Chief Accounting Officer Vipin Kondath reported routine equity compensation activity involving Class A Common Stock on July 1, 2026. He exercised 167 shares from vested restricted stock units and had 60 shares withheld by the company to cover tax obligations, which the filing notes was not a market transaction. Following these entries, Kondath directly holds 2,783 Class A shares, reflecting a small net increase in his ownership.
Insider Trade Summary
167 shares exercised/converted
Exercise
3 txns
Insider
Kondath Vipin
Role
Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 167 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 167 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Class A Common Stock | 60 | $184.22 | $11K |
Holdings After Transaction:
Restricted Stock Units — 502 contracts (Direct);
Class A Common Stock — 2,783 shares (Direct)
Footnotes (4)
- 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. The RSUs were granted under the Issuer's Amended & Restated 2013 Equity Incentive Plan (the "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
RSUs exercised: 167 shares
Shares withheld for tax: 60 shares
Share price reference: $184.22 per share
+2 more
5 metrics
RSUs exercised
167 shares
Restricted Stock Units converted into Class A Common Stock on July 1, 2026
Shares withheld for tax
60 shares
Withheld by issuer to satisfy tax obligations, not a market sale
Share price reference
$184.22 per share
Value used for 60-share tax-withholding disposition
Post-transaction holdings
2,783 shares
Direct Class A Common Stock held after reported transactions
Derivative RSU position
502 RSUs
Restricted Stock Units remaining after the reported exercise
Key Terms
Restricted Stock Unit ("RSU"), Section 16(b), Rule 16b-6(b), Rule 16b-3(e), +2 more
6 terms
Restricted Stock Unit ("RSU") financial
"Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share"
Section 16(b) regulatory
"Transaction exempt from Section 16(b) of the Securities Exchange Act of 1934"
A federal rule that requires company insiders—like officers, directors and large shareholders—to return any profits made from buying and selling the company’s stock within a six-month window. It matters to investors because it discourages short-term trades that could exploit non-public information and helps protect outside shareholders by creating a simple, enforceable way to recover unfair gains, much like a rule stopping someone from flipping a limited-edition item for quick profit after getting early access.
Rule 16b-6(b) regulatory
"pursuant to Rule 16b-6(b) promulgated under the Act"
Rule 16b-3(e) regulatory
"exempt from Section 16(b) of the Act pursuant to Rule 16b-3(e)"
net settlement financial
"in connection with the net settlement of vested restricted stock units"
Equity Incentive Plan financial
"The RSUs were granted under the Issuer's Amended & Restated 2013 Equity Incentive Plan"
An equity incentive plan is a program that gives employees, executives or directors the right to receive company stock or options to buy stock as part of their pay. Think of it as offering slices of future company profit to motivate people to boost long‑term performance; for investors it matters because it can align employee goals with shareholder value but also increases the number of shares outstanding, which can dilute existing ownership.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did VEEVA SYSTEMS INC (VEEV) report for Vipin Kondath?
Veeva Systems reported that Chief Accounting Officer Vipin Kondath exercised 167 restricted stock units into Class A Common Stock and had 60 shares withheld for taxes. These entries reflect routine equity compensation administration rather than open-market buying or selling activity.
What do the restricted stock unit (RSU) transactions mean for VEEVA SYSTEMS INC (VEEV)?
The RSU transactions indicate routine vesting under Veeva Systems’ Amended & Restated 2013 Equity Incentive Plan. Each RSU converts into one share of Class A stock, so vesting and exercise increase outstanding shares modestly while aligning executive compensation with company performance over time.
How are the VEEVA SYSTEMS INC (VEEV) RSUs for Vipin Kondath scheduled to vest?
The filing states that Vipin Kondath’s RSUs vest over one year under the company’s 2013 Equity Incentive Plan. One-quarter of the RSUs vest on July 1, 2026, and another quarter vests on a quarterly basis thereafter, contingent on his continued service to Veeva Systems.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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