Veeva Systems (VEEV) exec exercises options, sells 10,000 shares
Rhea-AI Filing Summary
VEEVA SYSTEMS INC (VEEV) reports that officer Thomas D. Schwenger exercised options for 10,000 shares of Class A common stock at an exercise price of $154.00 per share and on the same date sold 10,000 shares at $281.33 per share. After the derivative transaction, 25,000 option shares remain reported as held directly. The option exercise is noted as exempt from Section 16(b) under Rule 16b-3, and the sale was executed under a Rule 10b5-1 trading plan. The option shares referenced are fully vested and may be exercised at any time.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Exercise and Sale: 10,000 shares ($1.27M approx. pre-tax spread)
Exercise and Sale
3 txns
Insider
Schwenger Thomas D.
Role
Pres. & Chief Customer Officer
Sold
10,000 shs ($2.81M)
Approx. gross sale proceeds
$2.81M
Approx. exercise cost
$1.54M
Approx. pre-tax spread
$1.27M
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (right to buy) F1, F3 | 10,000 | $0.00 | $0.00 |
| Exercise | Class A Common Stock F1 | 10,000 | $154.00 | $1.54M |
| Sale | Class A Common Stock F2 | 10,000 | $281.33 | $2.81M |
Holdings After Transaction:
Stock Option (right to buy) — 25,000 shares (Direct);
Class A Common Stock — 19,449 shares (Direct)
Footnotes (3)
- F1. Transaction exempt from Section 16(b) of the Securities Exchange Act of 1934 (the "Act") pursuant to Rule 16b-3 promulgated under the Act.
- F2. The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person.
- F3. The option shares are fully vested and may be exercised at any time.
Key Figures
Options Exercised: 10,000 shares
Option Exercise Price: $154.00 per share
Shares Sold: 10,000 shares
+4 more
7 metrics
Options Exercised
10,000 shares
Stock Option (right to buy) exercised on 2026-08-27
Option Exercise Price
$154.00 per share
Exercise price of Stock Option into Class A Common Stock
Shares Sold
10,000 shares
Class A Common Stock sale on 2026-08-27
Sale Price
$281.33 per share
Price for sale of Class A Common Stock
Options Held After Transaction
25,000 shares
Total Stock Option shares following the derivative transaction
Option Expiration Date
2029-10-03
Expiration date of the reported Stock Option
Net Shares Sold
10,000 shares
Net sell direction across reported buy/sell transactions
Key Terms
Rule 10b5-1 trading plan, Section 16(b), Rule 16b-3, Stock Option (right to buy), +1 more
5 terms
Rule 10b5-1 trading plan regulatory
"The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan"
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
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-3 regulatory
"pursuant to Rule 16b-3 promulgated under the Act"
Rule 16b-3 is a Securities and Exchange Commission regulation that exempts certain routine, pre-approved transactions by company insiders from automatic liability for short-term trading profits. It acts like a safe harbor: if an insider follows a formal plan or the board approves specific transactions in advance, profits from buying and selling company stock within six months are not automatically reclaimed. Investors care because the rule clarifies when insider trades are permissible and reduces uncertainty about potential clawbacks.
Stock Option (right to buy) financial
"security_title: Stock Option (right to buy)"
Class A Common Stock financial
"underlying_security_title: Class A Common Stock"
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
FAQ
What insider transactions did VEEV executive Thomas D. Schwenger report on this Form 4?
Thomas D. Schwenger exercised options for 10,000 shares of VEEV Class A common stock at $154.00 per share and sold 10,000 shares at $281.33 per share, all on 2026-08-27.
What was the exercise price and sale price in the VEEV Form 4 transactions?
The options were exercised at an exercise price of $154.00 per VEEV share, and the resulting Class A common stock was sold at $281.33 per share.
Were the reported VEEV insider transactions under a Rule 10b5-1 plan?
Yes. The filing states that the sales reported were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person, and the filing’s Rule 10b5-1 checkbox is marked as affirmative.
AI-generated analysis. How Rhea-AI works. Not financial advice.
