CAO Vipin Kondath awarded RSUs at Veeva Systems (NYSE: VEEV)
Rhea-AI Filing Summary
Kondath Vipin reported acquisition or exercise transactions in this Form 4 filing.
Veeva Systems Chief Accounting Officer Vipin Kondath reported two grants of Restricted Stock Units (RSUs), each representing the right to receive one share of Class A Common Stock. One grant covers 669 RSUs, vesting over one year starting July 1, 2026, then quarterly, subject to continued service.
The second grant covers 5,884 RSUs, vesting 100% on April 1, 2030, also contingent on continued service with the company. These awards are compensation grants under Veeva’s Amended & Restated 2013 Equity Incentive Plan and are exempt from Section 16(b) under Rule 16b-6(b), not open-market stock purchases or sales.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Kondath Vipin
Role
Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 0 | $0.00 | $0.00 |
| Grant/Award | Restricted Stock Units | 0 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units — 6,553 shares (Direct)
Footnotes (4)
- F1. Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of Class A Common Stock of the Issuer.
- F2. 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.
- F3. 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.
- F4. The RSUs were granted under the Plan. The Reporting Person vests 100% ownership in the RSUs on April 1, 2030, subject to continued service to the Issuer by the Reporting Person.
Key Figures
RSU grant (short-term): 669 RSUs
RSU grant (long-term): 5,884 RSUs
RSU-to-share ratio: 1 share per RSU
+2 more
5 metrics
RSU grant (short-term)
669 RSUs
Vests over 1 year with 1/4 on July 1, 2026, then quarterly
RSU grant (long-term)
5,884 RSUs
Vests 100% on April 1, 2030, subject to continued service
RSU-to-share ratio
1 share per RSU
Each RSU equals one share of Class A Common Stock
Section 16(b) status
Exempt under Rule 16b-6(b)
RSU transactions treated as exempt insider equity awards
Derivative transactions reported
2 transactions
Both entries are RSU grant/award acquisitions on April 7, 2026
Key Terms
Restricted Stock Unit ("RSU"), Section 16(b), Rule 16b-6(b), Amended & Restored 2013 Equity Incentive Plan, +1 more
5 terms
Restricted Stock Unit ("RSU") financial
"Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share"
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"
Amended & Restored 2013 Equity Incentive Plan financial
"The RSUs were granted under the Issuer's Amended & Restated 2013 Equity Incentive Plan"
Class A Common Stock financial
"receive one share of Class A Common Stock of the Issuer"
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Veeva Systems (VEEV) executive Vipin Kondath report in this Form 4?
Chief Accounting Officer Vipin Kondath reported receiving two grants of Restricted Stock Units (RSUs) linked to Veeva Systems Class A Common Stock. These RSU awards are part of his equity compensation and are not open-market stock purchases or sales.
How many Restricted Stock Units did Vipin Kondath receive from Veeva Systems (VEEV)?
Vipin Kondath received 669 Restricted Stock Units in one grant and 5,884 Restricted Stock Units in another. Each RSU represents a contingent right to receive one share of Veeva Systems Class A Common Stock if the applicable vesting and service conditions are satisfied.
What are the vesting terms of Vipin Kondath’s new RSUs at Veeva Systems (VEEV)?
For 669 RSUs, one-quarter vests on July 1, 2026, with the remaining three-quarters vesting quarterly over the following year, subject to continued service. The 5,884 RSUs vest 100% on April 1, 2030, also contingent on Kondath’s continued service with Veeva Systems.
Under what plan were Vipin Kondath’s Veeva Systems (VEEV) RSUs granted?
Both RSU awards were granted under Veeva Systems’ Amended & Restated 2013 Equity Incentive Plan. This plan governs the company’s equity compensation, including RSUs, and sets the terms under which executives and employees receive and vest in stock-based awards.
Are Vipin Kondath’s Veeva Systems (VEEV) RSU grants exempt from Section 16(b)?
Yes. The filing states these RSU transactions are exempt from Section 16(b) of the Securities Exchange Act of 1934 under Rule 16b-6(b). This exemption applies to certain derivative-based compensation awards rather than open-market trading by insiders.