Form 4: Veeva Systems Director Mark Carges Reports Stock Transactions

Director Mark Carges reports acquisition and disposal of Veeva Systems Class A Common Stock and Restricted Stock Units.

Summary

• On September 1, 2024, Mark Carges, a director of Veeva Systems Inc., reported transactions involving Class A Common Stock and Restricted Stock Units (RSUs).
• Carges acquired 357 shares of Class A Common Stock through the vesting of RSUs.
• He also transferred 315 shares of Class A Common Stock to the Mark Carges Revocable Trust dated January 30, 2019.
• Following these transactions, Carges directly owns 357 shares and indirectly owns 10,442 shares through the trust.
• He also owns 1,442 Restricted Stock Units.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.

Future Outlook

The remaining RSUs will vest equally on a quarterly basis, 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 practice for publicly traded companies. It provides transparency to investors regarding the actions of company leadership.

Related Party Transactions

• Transfer of 315 shares of Class A Common Stock from Mark Carges to the Mark Carges Revocable Trust dtd 01/30/19.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in beneficial ownership.

Key Dates