Veeva officer exercises 6,000 options and reports sale at $306.62
Rhea-AI Filing Summary
Insider transactions at Veeva Systems (VEEV): An officer and director exercised 6,000 vested stock options at an exercise price of $135.49 on 10/07/2025 and simultaneously sold 6,000 Class A common shares in multiple trades at a weighted average price of $306.6156. After these transactions the reporting person beneficially owned 25,325 Class A shares and continues to hold options covering 7,100 shares that are exercisable through their listed expiration. The exercise was reported as exempt from short-swing liability under Rule 16b-6(b).
The Form 4 was filed and signed by an attorney-in-fact on 10/09/2025, and includes an undertaking to supply detailed sale-price breakdowns on request.
Positive
- Timely disclosure filed and signed on 10/09/2025
- Exemption claimed under Rule 16b-6(b), indicating compliance with short-swing rules
- Options fully vested for the 6,000 shares exercised, per the filing
Negative
- Insider reduced holdings by selling 6,000 Class A shares on 10/07/2025
- Beneficial ownership declined to 25,325 Class A shares after transactions
Insights
Officer exercised options and sold the resulting shares the same day.
The officer exercised 6,000 vested stock options at an exercise price of $135.49 on 10/07/2025, creating immediate ownership of those shares. The filings show a simultaneous sale of 6,000 Class A shares at a weighted average price of $306.6156, which suggests the shares obtained on exercise were the ones sold.
Key dependencies include the option expiration schedule and whether additional option exercises are planned; the reporting person still holds options for 7,100 shares exercisable through their listed expiration. Watch for further Form 4 filings near typical corporate reporting windows over the next 3–12 months.
Transactions were reported promptly and claim exemption from short-swing rules.
The Form 4 discloses that the exercise/sale was exempt under Rule 16b-6(b), and the filing was executed by an attorney-in-fact on 10/09/2025. The filer affirms availability of detailed trade-price breakdowns on request, which supports compliance transparency.
Material governance items to monitor include any subsequent changes in beneficial ownership and whether future exercises or sales reduce insider holdings further; such filings would appear in subsequent Section 16 reports within the coming months.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (right to buy) | 6,000 | $0.00 | -- |
| Exercise | Class A Common Stock | 6,000 | $135.49 | $813K |
| Sale | Class A Common Stock | 6,000 | $306.6156 | $1.84M |
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. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $300.6155 to $306.6500 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. The option shares are fully vested and may be exercised at any time.
