Veeva SVP gets 8,726 shares from RSU vesting
Veeva Systems SVP and General Counsel Jonathan Faddis exercised restricted stock units into Class A shares and had shares withheld for taxes.
Accepted by SEC EDGAR
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Form Type
4
Rhea-AI Filing Summary
Veeva Systems SVP and General Counsel Jonathan Faddis exercised restricted stock units into Class A shares and had shares withheld for taxes. On April 1, 2026 he converted 7,500 and 1,226 RSUs into 8,726 shares of Class A Common Stock. The company withheld 3,370 and 440 shares, totaling 3,810 shares, at $172.74 per share to satisfy tax obligations, which is not a market sale. Following these transactions, he directly owns 8,525 shares of Class A Common Stock.
Insider Trade Summary
8,726 shares exercised/converted
Exercise
6 txns
Insider
Faddis Jonathan
Role
SVP, Gen. Counsel, Secretary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 7,500 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 1,226 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 7,500 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Class A Common Stock | 3,370 | $172.74 | $582K |
| Exercise | Class A Common Stock | 1,226 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Class A Common Stock | 440 | $172.74 | $76K |
Holdings After Transaction:
Restricted Stock Units — 0 contracts (Direct);
Class A Common Stock — 8,525 shares (Direct)
Footnotes (5)
- 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. Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of Class A Common Stock of the Issuer.
- F3. 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.
- F4. The RSUs were granted under the Issuer's Amended & Restated 2013 Equity Incentive Plan (the "Plan"). The Reporting Person vests 100% ownership in the RSUs on April 1, 2026, subject to continued service to the Issuer by the Reporting Person
- F5. The RSUs were granted under the Plan. The Reporting Person vests ownership in the RSUs over one year with 25% vesting on July 1, 2025, and 25% of the RSUs vesting on a quarterly basis thereafter, subject to continued service to the Issuer by the Reporting Person.
Key Figures
RSUs exercised: 8,726 shares
Shares withheld for taxes: 3,810 shares
Tax withholding price: $172.74 per share
+3 more
6 metrics
RSUs exercised
8,726 shares
7,500 and 1,226 RSUs converted to Class A Common Stock on April 1, 2026
Shares withheld for taxes
3,810 shares
3,370 and 440 shares withheld to satisfy tax obligations
Tax withholding price
$172.74 per share
Price applied to Class A shares withheld for tax remittance
Shares owned after transactions
8,525 shares
Direct Class A Common Stock holdings following April 1, 2026 transactions
Single-date RSU vesting
100% on April 1, 2026
RSU grant vests fully on that date, subject to continued service
Staggered RSU vesting start
25% on July 1, 2025
Second RSU grant vests 25% then quarterly for remaining 75%
Key Terms
Restricted Stock Unit, tax withholding, net settlement, Equity Incentive Plan, +1 more
5 terms
Restricted Stock Unit financial
"Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of Class A Common Stock"
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.
tax withholding financial
"Represents shares that have been withheld by the Issuer to satisfy tax withholding and remittance obligations"
Tax withholding is the practice of taking a portion of a payment—such as wages, dividends, or sale proceeds—before it reaches the recipient and sending that portion to the tax authority as an advance on the recipient’s eventual tax bill. For investors it matters because withholding reduces immediate cash received and affects after‑tax returns, estimated tax payments, and whether you may owe more or receive a refund when taxes are finally calculated, like having a small automatic savings set aside for your tax bill.
net settlement financial
"in connection with the net settlement of vested restricted stock units and not a market transaction"
Equity Incentive Plan financial
"The RSUs were granted under the Issuer's Amended & Restated 2013 Equity Incentive Plan (the "Plan")"
An equity incentive plan is a program that gives employees, executives or directors the right to receive company stock or options to buy stock as part of their pay. Think of it as offering slices of future company profit to motivate people to boost long‑term performance; for investors it matters because it can align employee goals with shareholder value but also increases the number of shares outstanding, which can dilute existing ownership.
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider activity did VEEVA SYSTEMS INC (VEEV) report for Jonathan Faddis?
Veeva Systems reported that SVP and General Counsel Jonathan Faddis exercised restricted stock units into Class A Common Stock. Some of the resulting shares were withheld by the company to cover tax obligations tied to the RSU vesting, rather than sold in the open market.
What are the vesting terms of Jonathan Faddis’s Veeva RSU awards mentioned in the filing?
One RSU grant vests 100% on April 1, 2026, subject to continued service. Another grant vests over one year, with 25% on July 1, 2025 and the remaining 75% vesting quarterly thereafter, also contingent on his continued service to Veeva Systems.
AI-generated analysis. How Rhea-AI works. Not financial advice.
