Veeva director converts 460 RSUs into shares
VEEVA SYSTEMS INC (VEEV) director Paul J. Sekhri reported an exercise of 460 Restricted Stock Units into 460 shares of Class A Common Stock on September 1, 2026.
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Form Type
4
Rhea-AI Filing Summary
VEEVA SYSTEMS INC (VEEV) director Paul J. Sekhri reported an exercise of 460 Restricted Stock Units into 460 shares of Class A Common Stock on September 1, 2026. The RSU conversion is described as exempt from Section 16(b) under Rule 16b-6(b). After the transaction, Sekhri holds 15,651 Class A shares and 1,381 RSUs directly.
Insider Trade Summary
460 shares exercised/converted
Exercise
2 txns
Insider
SEKHRI PAUL J
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F2, F1, F3 | 460 | $0.00 | $0.00 |
| Exercise | Class A Common Stock F1 | 460 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units — 1,381 contracts (Direct);
Class A Common Stock — 15,651 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 1,841 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 Restricted Stock Units
Shares acquired from RSU conversion: 460 shares of Class A Common Stock
Common shares held after transaction: 15,651 shares
+3 more
6 metrics
RSUs converted
460 Restricted Stock Units
Exercised or converted on September 1, 2026 into Class A Common Stock
Shares acquired from RSU conversion
460 shares of Class A Common Stock
Resulting from RSU exercise on September 1, 2026
Common shares held after transaction
15,651 shares
Direct ownership of Class A Common Stock following September 1, 2026 transactions
RSUs held after transaction
1,381 Restricted Stock Units
Remaining RSU balance reported after September 1, 2026 conversion
Original RSU grant
1,841 Restricted Stock Units
Granted on June 17, 2026 under the Amended & Restated 2013 Equity Incentive Plan
Initial vesting portion
1/4 of 1,841 RSUs
Portion vesting on September 1, 2026, with the rest vesting quarterly thereafter
Key Terms
Restricted Stock Units, Section 16(b), Rule 16b-6(b), Amended & Restated 2013 Equity Incentive Plan
4 terms
Restricted Stock Units financial
"Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
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"
Amended & Restated 2013 Equity Incentive Plan financial
"granted 1,841 RSUs under the Issuer's Amended & Restated 2013 Equity Incentive Plan"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did VEEV director Paul J. Sekhri report?
Paul J. Sekhri reported exercising 460 Restricted Stock Units into 460 shares of Class A Common Stock on September 1, 2026. The transaction reflects vesting of equity compensation rather than an open-market purchase or sale.
What happens to the 460 VEEV Restricted Stock Units reported as disposed?
The 460 Restricted Stock Units reported as disposed were converted into 460 shares of Class A Common Stock. Each RSU represents a contingent right to receive one share, so the derivative position decreased while the common stock position increased by the same amount.
Was the VEEV insider transaction by Paul J. Sekhri under a Rule 10b5-1 trading plan?
No. The Form 4 indicates the Rule 10b5-1 checkbox is not affirmed, and there is no footnote stating that the September 1, 2026 RSU conversion was made pursuant to a Rule 10b5-1 trading plan.
What were the terms of Paul J. Sekhri’s RSU grant from VEEV mentioned in the filing?
On June 17, 2026, Paul J. Sekhri was granted 1,841 RSUs. According to the disclosure, 1/4 vested on September 1, 2026, with the remaining RSUs vesting equally on a quarterly basis thereafter, subject to continued board service.
Why is the VEEV RSU conversion by Paul J. Sekhri described as exempt from Section 16(b)?
The filing states the transaction is exempt from Section 16(b) of the Exchange Act pursuant to Rule 16b-6(b). This exemption applies to certain derivative security exercises or conversions, such as RSU vesting into common stock.
AI-generated analysis. How Rhea-AI works. Not financial advice.
