Veeva (VEEV) Insider Filing: 262 RSUs Converted to Shares for Director Cabral

Rhea-AI Filing Summary

Timothy S. Cabral, a director of Veeva Systems Inc. (VEEV), reported vested restricted stock units and related beneficial ownership changes. On 09/01/2025, 262 RSUs vested and were acquired at a $0 price, resulting in 262 shares held directly after the transaction. The filing also shows 5,500 shares held indirectly by the Cabral Family Trust, of which the reporting person is trustee and beneficiary. Following the reported vesting, 787 RSUs remain unvested out of the 1,049 RSUs granted on 06/18/2025, with the initial 1/4 vesting on 09/01/2025 and the remainder vesting quarterly subject to continued board service.

Positive

• 262 RSUs vested on 09/01/2025, converting to direct ownership and aligning the directors interests with shareholders
• 5,500 shares held indirectly by the Cabral Family Trust are disclosed, improving transparency about related-party ownership
• Grant and vesting schedule (1,049 RSUs granted 06/18/2025 with 1/4 vesting on 09/01/2025) supports retention incentives for board service
• Filing cites Rule 16b-6(b) exemption, indicating compliance with Section 16 transaction reporting rules

Negative

• None.

Insights

Financial Analyst

TL;DR: Routine director equity vesting; modest direct increase in share ownership, limited near-term market impact.

The Form 4 documents a standard compensation vesting event: 262 RSUs vested and converted to shares at no cash cost to the director. This increases the reporting persons direct stake by 262 shares while leaving substantial indirect holdings via the family trust (5,500 shares). The remaining 787 RSUs continue to vest over time, aligning the directors interests with shareholders but representing a small share count relative to a public company scale; there is no sale or purchase that would alter float or signal liquidity needs.

Corporate Governance Expert

TL;DR: Disclosure is timely and complies with Section 16 reporting; vesting schedule enforces retention incentives.

The filing clearly discloses the directors role as trustee and beneficiary of the Cabral Family Trust, and identifies indirect holdings. The 06/18/2025 grant and 09/01/2025 vesting follow a typical 4-quarter vesting pattern for board equity awards, supporting director retention and alignment. No additional governance concerns are raised by the disclosed transactions; documentation includes the Rule 16b-6(b) exemption citation for the transaction.

Insider Trade Summary

262 shares exercised/converted

Mixed 3 txns

Insider Cabral Timothy S

Role Director

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	262	$0.00	--
Exercise	Class A Common Stock	262	$0.00	--
holding	Class A Common Stock	--	--	--

Holdings After Transaction: Restricted Stock Units — 787 shares (Direct); Class A Common Stock — 262 shares (Direct); Class A Common Stock — 5,500 shares (Indirect, By the Cabral Family Trust, dated April 17, 2001)

Footnotes (1)

1. 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. Shares held by the Cabral Family Trust. The Reporting Person is a trustee and beneficiary of the Cabral Family Trust and may be deemed to share voting and dispositive power with regard to the reported shares held by the Cabral Family Trust. Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of Class A Common Stock of the Issuer. On June 18, 2025, the Reporting Person was granted 1,049 RSUs, under the Issuer's Amended and Restated 2013 Equity Incentive Plan, of which 1/4 of the RSUs vested on September 1, 2025, 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.

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Cabral Timothy S

(Last) (First) (Middle)

C/O VEEVA SYSTEMS INC.

4280 HACIENDA DRIVE

(Street)

PLEASANTON CA 94588

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
VEEVA SYSTEMS INC [ VEEV ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
09/01/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	09/01/2025		M(1)		262	A	$0	262	D
Class A Common Stock								5,500	I	By the Cabral Family Trust, dated April 17, 2001(2)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	(3)	09/01/2025		M(1)			262	(4)	(4)	Class A Common Stock	262	$0	787	D

Explanation of Responses:

1. 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.

2. Shares held by the Cabral Family Trust. The Reporting Person is a trustee and beneficiary of the Cabral Family Trust and may be deemed to share voting and dispositive power with regard to the reported shares held by the Cabral Family Trust.

3. Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of Class A Common Stock of the Issuer.

4. On June 18, 2025, the Reporting Person was granted 1,049 RSUs, under the Issuer's Amended and Restated 2013 Equity Incentive Plan, of which 1/4 of the RSUs vested on September 1, 2025, 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.

Remarks:

	/s/ Liang Dong, attorney-in-fact	09/03/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did Timothy S. Cabral report on the VEEV Form 4?

The filing reports that 262 RSUs vested on 09/01/2025 and were converted to 262 shares at a $0 price, resulting in 262 shares held directly after the transaction.

How many shares does the Cabral Family Trust hold according to the Form 4?

The Form 4 discloses 5,500 shares held indirectly by the Cabral Family Trust, of which the reporting person is trustee and beneficiary.

How many RSUs remain unvested for the reporting person?

Out of 1,049 RSUs granted on 06/18/2025, 262 vested and 787 RSUs remain unvested and will vest quarterly subject to continued board service.

Was the transaction a sale or purchase of shares?

No. The transaction was a vesting of RSUs (conversion to shares) with a reported price of $0, not a market sale or purchase.

Does the Form 4 indicate compliance with Section 16 rules?

Yes. The filing cites an exemption under Rule 16b-6(b) and is submitted as a Section 16 Form 4 disclosure.