Form 4: Veeva Systems Director Timothy Cabral Acquires Shares Through RSU Vesting

Veeva Systems Director Timothy S. Cabral reported the acquisition of 315 shares of Class A Common Stock on June 1, 2025, through the vesting of Restricted Stock Units.

Summary

• Timothy S. Cabral, a Director of Veeva Systems Inc. (VEEV), acquired 315 shares of Class A Common Stock.
• This acquisition occurred on June 1, 2025, and was a result of the vesting of Restricted Stock Units (RSUs).
• The transaction price for these shares was $0, which is typical for RSU conversions.
• Following this transaction, Mr. Cabral directly beneficially owns 315 shares of Class A Common Stock.
• Additionally, Mr. Cabral indirectly beneficially owns 5,500 shares through the Cabral Family Trust, where he serves as a trustee and beneficiary.
• The acquired shares are part of an original grant of 1,259 RSUs made on June 19, 2024, under the Issuer's Amended and Restated 2013 Equity Incentive Plan.
• The vesting schedule for the original RSU grant included 1/4 vesting on September 1, 2024, with the remaining RSUs vesting equally on a quarterly basis thereafter, subject to continued service on the Issuer's board of directors.

Sentiment

Score: 7

Explanation: The filing reports a routine, expected insider acquisition of shares through RSU vesting, which is generally a neutral to slightly positive event as it increases insider ownership and aligns interests. There are no negative implications or surprises.

Positives

• Director Timothy S. Cabral increased his direct beneficial ownership in Veeva Systems by 315 shares, indicating continued alignment with shareholder interests.
• The acquisition of shares through RSU vesting at a $0 price reflects a non-cash compensation benefit for the director, which is a standard practice for incentivizing long-term commitment.

Future Outlook

This Form 4 filing is a historical transaction report and does not contain forward-looking statements or guidance regarding the company's future performance or outlook.

Industry Context

This Form 4 filing reports a routine insider transaction for a director of Veeva Systems, a leading provider of cloud-based software for the global life sciences industry. Such transactions are common and reflect compensation practices for board members, aligning their interests with shareholders. It does not provide broader industry trends or competitive analysis.

Comparison to Industry Standards

• This document reports a standard insider transaction (RSU vesting) for a director.
• Compensation structures involving Restricted Stock Units are a common practice across various industries, including technology and life sciences, to incentivize long-term commitment and align executive/director interests with shareholder value.
• Specific comparable companies or projects are not relevant for this type of filing, as it details an individual's stock ownership change rather than company performance metrics against peers.

Related Party Transactions

• Timothy S. Cabral indirectly beneficially owns 5,500 shares through the Cabral Family Trust, dated April 17, 2001, where he is a trustee and beneficiary, indicating a related party holding.

Stakeholder Impact

• Shareholders: Increased direct ownership by a director can be viewed positively as it aligns management interests with shareholder value.
• Employees: No direct impact on employees mentioned.
• Customers: No direct impact on customers mentioned.
• Suppliers: No direct impact on suppliers mentioned.
• Creditors: No direct impact on creditors mentioned.

Next Steps

• Continued quarterly vesting of the remaining RSUs granted on June 19, 2024, subject to Timothy S. Cabral's continued service on the Issuer's board of directors.

Key Dates

Recommendation

Keywords

Veeva Systems, VEEV, Form 4, Insider Transaction, Restricted Stock Units, RSU, Stock Acquisition, Director, Timothy Cabral, Beneficial Ownership