Form 4: Veeva Systems Director Gordon Ritter Reports Stock Transactions

Director Gordon Ritter reported the vesting of restricted stock units and associated transactions involving Veeva Systems Inc. shares.

Summary

• On September 1, 2024, Gordon Ritter, a director of Veeva Systems Inc., reported transactions involving Class A Common Stock.
• These transactions included the vesting of 399 Restricted Stock Units (RSUs) which converted into shares of Class A Common Stock.
• Following the reported transactions, Ritter directly owns 1,102 shares of Class A Common Stock.
• Ritter also has indirect ownership through The Ritter-Metzler Revocable Trust (543,800 shares), GABACOR Holdings LLC (92,000 shares), and Emergence Capital Partners II, L.P. (1,000,000 shares).
• Ritter disclaims beneficial ownership of shares held by the Trust, GABACOR, and Emergence Entities except to the extent of his pecuniary interest therein.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions, and does not inherently convey positive or negative sentiment.

Future Outlook

The remaining RSUs granted on June 19, 2024, will continue to vest quarterly, subject to continued service on the Issuer's board of directors.

Industry Context

This filing is a routine disclosure of stock transactions by a company insider, which is common for publicly traded companies. It provides transparency into the trading activities of key personnel.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership, but the overall effect is likely minimal.

Key Dates