VEEV Form 4: 720-Share Sale at $298.12 and 5,001-Share Charitable Gift
Rhea-AI Filing Summary
The filing shows that Jonathan Faddis, SVP, General Counsel and Secretary of Veeva Systems (VEEV), executed two Class A Common Stock transactions on 10/06/2025. He sold 720 shares at $298.12 under a Rule 10b5-1 trading plan adopted on 12/19/2024, and made a bona fide charitable gift of 5,001 shares with no consideration. The report shows beneficial ownership figures of 7,868 shares and 2,867 shares following the respective transactions.
Positive
- Sale executed under a Rule 10b5-1 plan, indicating a pre-established trading program
- 5,001 shares gifted to charity with no consideration, reducing insider holdings without cash proceeds
- Form 4 signed by attorney-in-fact, showing procedural compliance with reporting rules
Negative
- 720 shares sold at $298.12, reducing insider stake
- Beneficial ownership decreased to 7,868 shares and 2,867 shares after the reported transactions
Insights
Insider sold 720 shares under a pre-established 10b5-1 plan and gifted 5,001 shares.
The sale of $298.12 per share for 720 shares was executed pursuant to a Rule 10b5-1 trading plan adopted on 12/19/2024, which legally structures timing to avoid opportunistic trading.
The separate transfer of 5,001 shares is disclosed as a bona fide charitable gift with no payment; this reduces direct beneficial ownership and does not generate selling proceeds.
Reporting follows Section 16 reporting and includes an attorney-in-fact signature, indicating procedural compliance.
The Form 4 is signed by an attorney-in-fact and explicitly notes the 10b5-1 plan and charitable nature of the gift, which are common compliance measures for insiders making planned disposals and philanthropy.
Investors may track future Form 4 filings for any additional disposals or changes in beneficial ownership after 10/06/2025.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 720 | $298.12 | $215K |
| Gift | Class A Common Stock | 5,001 | $0.00 | -- |
Footnotes (1)
- The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 19, 2024. This was a bona fide charitable gift with no payment in consideration.