Form 4: Veeva Systems Director Mark Carges Reports Share Transfer to Revocable Trust

Director Mark Carges reported a transaction involving the transfer of Class A Common Stock to a revocable trust.

Summary

• On June 1, 2024, Mark Carges, a director of Veeva Systems Inc., reported a transaction involving Class A Common Stock.
• 315 shares of Class A Common Stock were transferred.
• The transfer was made to the Mark Carges Revocable Trust dated January 30, 2019.
• Carges is a trustee and beneficiary of the trust and may be deemed to share voting and dispositive power over the shares held by the trust.
• Carges also reported ownership of 10,127 shares of Class A Common Stock held by the trust.
• Additionally, 315 Restricted Stock Units (RSUs) were vested on June 1, 2024.
• These RSUs are part of a grant of 1,259 RSUs made on June 21, 2023, under the company's equity incentive plan, vesting quarterly subject to continued service on the board.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing insider transactions, which carries a neutral sentiment.

Future Outlook

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

Industry Context

This Form 4 filing is a routine disclosure related to insider transactions, which are common in publicly traded companies. It provides transparency into the trading activities of company insiders.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders, as it primarily involves internal restructuring of ownership by a director.

Key Dates