Veeva Systems director Hung vests 477 RSUs
VEEVA director Priscilla Hung reported vesting 477 RSUs into Class A shares as part of a 2026 equity award.
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Form Type
4
Rhea-AI Filing Summary
VEEVA SYSTEMS INC (VEEV) director Priscilla Hung reported the vesting and settlement of restricted stock units into common shares. On September 1, 2026, she exercised 477 Restricted Stock Units, each converting into one share of Class A common stock, in a transaction exempt from Section 16(b). Following settlement, she held 3,992 Class A common shares directly and 1,429 RSUs representing additional contingent rights, from an award of 1,906 RSUs granted on June 17, 2026 that vests over time, subject to continued board service. No Rule 10b5-1 trading plan is reported.
Insider Trade Summary
477 shares exercised/converted
Exercise
2 txns
Insider
Hung Priscilla
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F2, F1, F3 | 477 | $0.00 | $0.00 |
| Exercise | Class A Common Stock F1 | 477 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units — 1,429 contracts (Direct);
Class A Common Stock — 3,992 shares (Direct)
Footnotes (3)
- 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. 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 exercised: 477 units
Class A shares held after transaction: 3,992 shares
RSUs held after transaction: 1,429 units
+2 more
5 metrics
RSUs exercised
477 units
Restricted Stock Units converted into Class A Common Stock on September 1, 2026
Class A shares held after transaction
3,992 shares
Direct ownership position in VEEVA Class A Common Stock after September 1, 2026 settlement
RSUs held after transaction
1,429 units
Remaining Restricted Stock Units representing contingent rights to Class A shares
Initial RSU grant size
1,906 units
RSUs granted June 17, 2026 under the Amended & Restated 2013 Equity Incentive Plan
First vesting tranche
1/4 of 1,906 RSUs (477 units)
Vested on September 1, 2026, with remaining RSUs vesting quarterly thereafter
Key Terms
Restricted Stock Unit, Section 16(b), Rule 16b-6(b), Equity Incentive Plan
4 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"
Equity Incentive Plan financial
"granted 1,906 RSUs under the Issuer's Amended & Restated 2013 Equity Incentive 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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider equity transaction did VEEV director Priscilla Hung report on September 1, 2026?
She reported the exercise and settlement of 477 Restricted Stock Units into 477 shares of Class A Common Stock on September 1, 2026, as part of a previously granted RSU award.
How many Restricted Stock Units does Priscilla Hung still hold in VEEV after the reported transaction?
Following the vesting of 477 RSUs, Priscilla Hung continues to hold 1,429 Restricted Stock Units, each representing a contingent right to receive one share of Class A Common Stock, subject to continued service on the board.
What are the key terms of Priscilla Hung’s 2026 RSU grant from VEEV?
On June 17, 2026, she was granted 1,906 RSUs under VEEVA’s Amended & Restated 2013 Equity Incentive Plan. One-quarter (477 RSUs) vested on September 1, 2026, with the remaining RSUs vesting equally on a quarterly basis, subject to continued board service.
Was Priscilla Hung’s VEEV Form 4 transaction made under a Rule 10b5-1 trading plan?
No. The filing’s Rule 10b5-1 checkbox is not marked as affirmative, and the footnotes do not state that the September 1, 2026 RSU settlement was made under a Rule 10b5-1 trading plan.
Is Priscilla Hung’s VEEV RSU exercise exempt from Section 16(b) short-swing profit rules?
Yes. A footnote states the transaction is exempt from Section 16(b) of the Securities Exchange Act of 1934 pursuant to Rule 16b-6(b), which covers certain derivative security exercises.
AI-generated analysis. How Rhea-AI works. Not financial advice.
