Veeva director converts 493 RSUs into stock
Veeva director Mark T. Carges reports vesting and settlement of RSUs into Class A shares plus updated direct and trust holdings.
Rhea-AI Filing Summary
VEEVA SYSTEMS INC (VEEV) reports that director Mark T. Carges exercised 493 Restricted Stock Units into 493 shares of Class A Common Stock on September 1, 2026 in a transaction exempt from Section 16(b) under Rule 16b-6(b). Each RSU represents one share of Class A Common Stock, stemming from a grant of 1,970 RSUs dated June 17, 2026, with one-quarter vesting on September 1, 2026 and the remainder vesting quarterly thereafter, subject to continued board service. Following this event, he holds 493 shares directly and 12,953 shares indirectly through the Mark Carges Revocable Trust dated January 30, 2019, where he may share voting and dispositive power.
Positive
- None.
Negative
- None.
Insider Trade Summary
493 shares exercised/converted
Exercise
3 txns
Insider
Carges Mark T
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F3, F1, F4 | 493 | $0.00 | $0.00 |
| Exercise | Class A Common Stock F1 | 493 | $0.00 | $0.00 |
| holding | Class A Common Stock F2 | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 1,477 contracts (Direct);
Class A Common Stock — 493 shares (Direct);
Class A Common Stock — 12,953 shares (Indirect, By Mark Carges Revocable Trust dated 01/30/2019)
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 Mark Carges Revocable Trust dtd 1/30/19 (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 1,970 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: 493 RSUs
Shares received: 493 shares
RSU grant size: 1,970 RSUs
+3 more
6 metrics
RSUs exercised
493 RSUs
Exercised and settled into Class A Common Stock on September 1, 2026
Shares received
493 shares
Class A Common Stock acquired upon RSU settlement on September 1, 2026
RSU grant size
1,970 RSUs
Grant to Mark Carges on June 17, 2026 under the Amended & Restated 2013 Equity Incentive Plan
Direct holdings after transaction
493 shares
Class A Common Stock held directly by Mark Carges following the September 1, 2026 settlement
Indirect holdings via trust
12,953 shares
Class A Common Stock held by the Mark Carges Revocable Trust dated 01/30/2019
Initial vesting fraction
25%
One-quarter of the 1,970 RSUs vested on September 1, 2026, with the remainder vesting quarterly
Key Terms
Restricted Stock Unit, Section 16(b), Rule 16b-6(b), Class A Common Stock, +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"
Class A Common Stock financial
"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.
Equity Incentive Plan financial
"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
What insider transaction did VEEVA SYSTEMS INC (VEEV) director Mark Carges report?
He exercised 493 Restricted Stock Units into 493 shares of Class A Common Stock on September 1, 2026, in a transaction the company notes is exempt from Section 16(b) under Rule 16b-6(b).
What are Mark Carges’s indirect holdings of VEEV stock?
He reports 12,953 shares of Class A Common Stock held indirectly through the Mark Carges Revocable Trust dated 01/30/2019, where he is a trustee and beneficiary and may share voting and dispositive power over those shares.
What is the size and vesting schedule of Mark Carges’s RSU grant at VEEV?
On June 17, 2026, he was granted 1,970 Restricted Stock Units. One-quarter vested on September 1, 2026, and the remaining RSUs vest equally on a quarterly basis thereafter, subject to his continued service on Veeva’s board of directors.
Did the VEEV Form 4 indicate use of a Rule 10b5-1 trading plan?
No. The filing’s Rule 10b5-1 checkbox is not affirmed, and there is no footnote stating that the reported RSU settlement or holdings update was made under a Rule 10b5-1 or similar pre-arranged trading plan.
What does each RSU reported by VEEV for Mark Carges represent?
Each Restricted Stock Unit represents a contingent right to receive one share of VEEVA SYSTEMS INC Class A Common Stock, according to the footnote describing the RSUs in the Form 4.
AI-generated analysis. How Rhea-AI works. Not financial advice.
