Veeva director Cabral vests 477 RSUs into stock
Rhea-AI Filing Summary
For VEEVA SYSTEMS INC (VEEV), director Timothy S. Cabral reported the vesting and settlement of 477 Restricted Stock Units into an equal number of shares of Class A common stock on September 1, 2026, as an exercise or conversion of a derivative security exempt from Section 16(b) under Rule 16b-6(b).
After the transaction, he holds 1,526 Class A shares directly and 5,500 Class A shares indirectly through the Cabral Family Trust, where he may be deemed to share voting and dispositive power. The RSUs were part of a 1,906-RSU grant awarded on June 17, 2026, vesting over time subject to continued board service.
Positive
- None.
Negative
- None.
Insider Trade Summary
477 shares exercised/converted
Exercise
3 txns
Insider
Cabral Timothy S
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F3, F1, F4 | 477 | $0.00 | $0.00 |
| Exercise | Class A Common Stock F1 | 477 | $0.00 | $0.00 |
| holding | Class A Common Stock F2 | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 1,429 contracts (Direct);
Class A Common Stock — 1,526 shares (Direct);
Class A Common Stock — 5,500 shares (Indirect, By the Cabral Family Trust, dated April 17, 2001)
Footnotes (4)
- F1. 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.
- F2. Shares held by the Cabral Family Trust (the "Trust"). The Reporting Person is a trustee and beneficiary of the Trust and may be deemed to share voting and dispositive power with regard to the reported shares held by the Trust.
- F3. Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of Class A Common Stock of the Issuer.
- F4. On June 17, 2026, the Reporting Person was granted 1,906 RSUs under the Issuer's Amended & Restated 2013 Equity Incentive Plan, of which 1/4 of the RSUs vested on September 1, 2026, 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.
Key Figures
RSUs settled into Class A shares: 477 shares
Direct Class A holdings after transaction: 1,526 shares
Indirect Class A holdings via Cabral Family Trust: 5,500 shares
+2 more
5 metrics
RSUs settled into Class A shares
477 shares
Restricted Stock Units converted into Class A Common Stock on September 1, 2026
Direct Class A holdings after transaction
1,526 shares
Directly held by Timothy S. Cabral following the September 1, 2026 settlement
Indirect Class A holdings via Cabral Family Trust
5,500 shares
Held by the Cabral Family Trust, where he may share voting and dispositive power
Total RSU grant size
1,906 RSUs
Granted on June 17, 2026 under the Amended & Restated 2013 Equity Incentive Plan
Initial RSU tranche vested
1/4 of 1,906 RSUs
First vesting occurred on September 1, 2026, with remaining RSUs vesting quarterly
Key Terms
Restricted Stock Unit, Section 16(b), Rule 16b-6(b), dispositive power, +1 more
5 terms
Restricted Stock Unit financial
"Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share"
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
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-6(b) regulatory
"pursuant to Rule 16b-6(b) promulgated under the Act"
dispositive power financial
"may be deemed to share voting and dispositive power with regard to the reported shares"
Dispositive power is the authority to decide the final outcome of an asset, legal claim, contract, or corporate action — in effect the power to dispose of or resolve something. For investors it matters because whoever holds that authority can determine who gets paid, who controls an asset or vote, and how risks and returns are allocated; think of it like holding the key that lets you lock in the winner or loser in a deal.
Amended & Restated 2013 Equity Incentive Plan financial
"granted 1,906 RSUs under the Issuer's Amended & Restated 2013 Equity Incentive Plan"
FAQ
What insider transaction did VEEV director Timothy S. Cabral report on this Form 4?
He reported the exercise/settlement of 477 Restricted Stock Units into 477 shares of Class A Common Stock of VEEVA SYSTEMS INC on September 1, 2026, as an exercise or conversion of a derivative security.
What was the size and date of the RSU grant to Timothy S. Cabral at VEEV?
On June 17, 2026, Timothy S. Cabral was granted 1,906 Restricted Stock Units (RSUs) under VEEV’s Amended & Restated 2013 Equity Incentive Plan, according to the Form 4 footnote.
How do the VEEV RSUs granted to Timothy S. Cabral vest over time?
Of the 1,906 RSUs, 1/4 vested on September 1, 2026, with the remaining RSUs vesting equally on a quarterly basis thereafter, subject to Timothy S. Cabral’s continued service on VEEV’s board on each vesting date.
Was Timothy S. Cabral’s VEEV RSU transaction subject to Section 16(b) short-swing profit rules?
The filing states that the transaction is exempt from Section 16(b) of the Securities Exchange Act of 1934 pursuant to Rule 16b-6(b), which applies to certain derivative security exercises or conversions.
AI-generated analysis. How Rhea-AI works. Not financial advice.
