Veeva Systems (VEEV) director converts 289 RSUs, now holds 5,399 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Veeva Systems Inc. director reports routine equity award activity. A company director exercised 289 restricted stock units into 289 shares of Class A Common Stock on December 1, 2025 at a price of $0 per share under an equity incentive plan, leaving the director with 5,399 Class A shares held directly afterward. The transaction is noted as exempt from short-swing profit rules under Rule 16b-6(b), reflecting standard vesting and settlement of previously granted equity compensation. Following the transaction, the director continues to hold 577 restricted stock units that may convert into additional Class A shares as they vest.
Positive
- None.
Negative
- None.
Insider Trade Summary
289 shares exercised/converted
Mixed
2 txns
Insider
MOHR MARSHALL
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 289 | $0.00 | -- |
| Exercise | Class A Common Stock | 289 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 577 shares (Direct);
Class A Common Stock — 5,399 shares (Direct)
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 1,155 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.
FAQ
What insider transaction did Veeva Systems (VEEV) disclose in this Form 4?
A director converted 289 restricted stock units into 289 shares of Veeva Systems Class A Common Stock on December 1, 2025 at a price of $0 per share.
What equity awards does the Veeva Systems (VEEV) director still hold?
The director holds 577 restricted stock units, each representing a contingent right to receive one share of Veeva Systems Class A Common Stock upon vesting.
When were the restricted stock units in this Veeva Systems (VEEV) Form 4 originally granted and how do they vest?
On June 18, 2025, the director was granted 1,155 RSUs. One-quarter vested on September 1, 2025, with the remaining RSUs vesting in equal quarterly installments, subject to continued board service on each vesting date.
Why is the Veeva Systems (VEEV) insider transaction marked as exempt from Section 16(b)?
The filing states the transaction is exempt from Section 16(b) of the Securities Exchange Act under Rule 16b-6(b), which covers certain equity derivative exercises and related transactions.
What role does the reporting person hold at Veeva Systems (VEEV)?
The reporting person is identified as a Director of Veeva Systems Inc.