Veeva director Wallach vests 460 RSUs into stock
Veeva Systems director Matthew J. Wallach reports the first vesting tranche of a June 2026 RSU grant and updates his direct and trust-related Class A share holdings.
Rhea-AI Filing Summary
VEEVA SYSTEMS INC (VEEV) director Matthew J. Wallach reported the vesting and conversion of 460 Restricted Stock Units into 460 shares of Class A Common Stock on September 1, 2026. After this RSU conversion, he holds 107,393 shares directly, plus indirect holdings through three trusts, for which he disclaims beneficial ownership except for any pecuniary interest. The RSU grant originated from a June 17, 2026 award of 1,841 RSUs that vests 25% on September 1, 2026 and quarterly thereafter, and is reported as exempt from Section 16(b) under Rule 16b-6(b). No Rule 10b5-1 trading plan is reported.
Positive
- None.
Negative
- None.
Insider Trade Summary
460 shares exercised/converted
Exercise
5 txns
Insider
Wallach Matthew J
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F5, F1, F6 | 460 | $0.00 | $0.00 |
| Exercise | Class A Common Stock F1 | 460 | $0.00 | $0.00 |
| holding | Class A Common Stock F2 | -- | -- | -- |
| holding | Class A Common Stock F3 | -- | -- | -- |
| holding | Class A Common Stock F4 | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 1,381 contracts (Direct);
Class A Common Stock — 107,393 shares (Direct);
Class A Common Stock — 100,000 shares (Indirect, By Matt Wallach 2012 Irrevocable Trust dated October 15, 2012);
Class A Common Stock — 100,002 shares (Indirect, By Matt Wallach 2013 Irrevocable Trust dated August 13, 2013);
Class A Common Stock — 50,000 shares (Indirect, By Matt Wallach 2012 Irrevocable Non-Grantor Trust dated October 15, 2012)
Footnotes (6)
- 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 Matt Wallach 2012 Irrevocable Trust dated October 15, 2012 ("Trust I"). The Reporting Person may be deemed to share voting and dispositive power with regard to the reported shares held by Trust I. The Reporting Person disclaims beneficial ownership of the reported shares held by Trust I, except to the extent, if any, of his pecuniary interest therein.
- F3. Shares held by Matt Wallach 2013 Irrevocable Trust dated August 13, 2013 ("Trust II"). The Reporting Person may be deemed to share voting and dispositive power with regard to the reported shares held by Trust II. The Reporting Person disclaims beneficial ownership of the reported shares held by Trust II, except to the extent, if any, of his pecuniary interest therein.
- F4. Shares held by Matt Wallach 2012 Irrevocable Non-Grantor Trust dated October 15, 2012 ("Trust III"). The Reporting Person may be deemed to share voting and dispositive power with regard to the reported shares held by Trust III. The Reporting Person disclaims beneficial ownership of the reported shares held by Trust III, except to the extent, if any, of his pecuniary interest therein.
- F5. Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of Class A Common Stock of the Issuer.
- F6. On June 17, 2026, the Reporting Person was granted 1,841 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 converted: 460 shares
Direct holdings after transaction: 107,393 shares
RSU grant size: 1,841 RSUs
+4 more
7 metrics
RSUs converted
460 shares
RSUs converted into Class A Common Stock on September 1, 2026
Direct holdings after transaction
107,393 shares
Class A Common Stock held directly by Matthew J. Wallach after September 1, 2026 transaction
RSU grant size
1,841 RSUs
RSUs granted on June 17, 2026 under the Amended & Restated 2013 Equity Incentive Plan
Initial vesting fraction
25%
One-fourth of the 1,841 RSUs vested on September 1, 2026
Trust I holdings
100,000 shares
Class A Common Stock held by Matt Wallach 2012 Irrevocable Trust dated October 15, 2012
Trust II holdings
100,002 shares
Class A Common Stock held by Matt Wallach 2013 Irrevocable Trust dated August 13, 2013
Trust III holdings
50,000 shares
Class A Common Stock held by Matt Wallach 2012 Irrevocable Non-Grantor Trust dated October 15, 2012
Key Terms
Restricted Stock Unit, Section 16(b), Rule 16b-6(b), disclaims beneficial ownership, +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"
disclaims beneficial ownership financial
"The Reporting Person disclaims beneficial ownership of the reported shares"
pecuniary interest financial
"except to the extent, if any, of his pecuniary interest therein"
FAQ
What did VEEVA SYSTEMS INC (VEEV) director Matthew J. Wallach report in this Form 4?
He reported the vesting and conversion of 460 RSUs into 460 shares of VEEVA Class A Common Stock on September 1, 2026, from a previously granted RSU award, and updated his direct and indirect share holdings.
Was the VEEV Form 4 transaction reported as exempt from Section 16(b)?
Yes. The RSU-related transaction is described as exempt from Section 16(b) of the Exchange Act pursuant to Rule 16b-6(b), meaning it is classified as a derivative exercise or conversion exemption under that rule.
Does this VEEV Form 4 indicate trades under a Rule 10b5-1 plan?
No. The filing’s 10b5-1 checkbox is not marked as an affirming plan, and the footnotes do not state that the transactions were made under a Rule 10b5-1 trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
