[Form 4] VEEVA SYSTEMS INC Insider Trading Activity
Rhea-AI Filing Summary
Veeva Systems Inc. Chief Financial Officer Brian Van Wagener reported routine equity compensation activity involving restricted stock units (RSUs) and related tax withholding. On July 1, 2026, he exercised RSUs to acquire 1,635 shares of Class A Common Stock, recorded as a derivative exercise.
In a separate line item, the issuer withheld 693 shares of Class A Common Stock at $184.22 per share to satisfy tax obligations tied to vested RSUs, which the filing notes was not a market transaction. Footnotes state that each RSU represents a right to receive one share of Class A stock and that the RSUs were granted under the company’s Amended & Restated 2013 Equity Incentive Plan with a one-year vesting schedule and quarterly vesting thereafter.
Positive
- None.
Negative
- None.
Insights
Routine RSU vesting and tax withholding with no open-market trades.
The filing shows Veeva Systems’ CFO exercising 1,635 RSUs into Class A Common Stock and a separate withholding of 693 shares to cover tax obligations, valued at $184.22 per share. Footnotes emphasize these events are exempt under Section 16 rules.
Because the tax-related disposition is not an open-market sale and the exercise arises from standard equity compensation, the informational value for investors is limited. The pattern reflects routine compensation and tax settlement rather than a discretionary buy or sell decision in the market.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 1,635 | $0.00 | -- |
| Exercise | Class A Common Stock | 1,635 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 693 | $184.22 | $128K |
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. 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. 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.