Form 4: Veeva Systems Director Timothy Cabral Disposes of Shares Under Pre-Arranged 10b5-1 Plan

Veeva Systems Inc. Director Timothy S. Cabral disposed of 315 shares of Class A Common Stock at $289.72 per share, executed under a pre-arranged Rule 10b5-1 trading plan.

Summary

• Timothy S. Cabral, a Director of Veeva Systems Inc. (VEEV), disposed of 315 shares of Class A Common Stock.
• The transaction occurred on June 6, 2025, with shares sold at a price of $289.72 per share.
• This sale was conducted pursuant to a Rule 10b5-1 trading plan, which was adopted by Mr. Cabral on December 18, 2024.
• Following this reported transaction, Mr. Cabral beneficially owns 5,500 shares indirectly through the Cabral Family Trust, dated April 17, 2001.
• The filing also notes that the number of shares beneficially owned reflects a transfer of 315 shares of Class A Common Stock from the Reporting Person to the Cabral Family Trust.

Sentiment

Score: 5

Explanation: The sentiment is neutral. While a director selling shares can sometimes be perceived negatively, the fact that it was done under a pre-arranged Rule 10b5-1 plan mitigates concerns, as it indicates a planned liquidity event rather than a reaction to new, negative company information. The amount of shares sold (315) is also relatively small compared to the remaining indirect beneficial ownership (5,500 shares).

Positives

• The sale was executed under a pre-arranged Rule 10b5-1 trading plan, indicating a planned disposition rather than a reactive sale based on new, non-public information.

Negatives

• A director's disposition of shares, even if pre-planned, reduces their direct or indirect stake in the company.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future outlook.

Industry Context

This Form 4 filing details an individual insider transaction and does not provide information relevant to broader industry trends or competitors.

Related Party Transactions

• The filing indicates that 5,500 shares are held indirectly by the Cabral Family Trust, of which the Reporting Person is a trustee and beneficiary, establishing a related party holding.
• The document also states that the number of shares beneficially owned reflects a transfer of 315 shares of Class A Common Stock from the Reporting Person to the Cabral Family Trust, indicating an internal related-party movement of shares.

Stakeholder Impact

• The sale of a relatively small number of shares by a director under a 10b5-1 plan is unlikely to have a significant direct impact on shareholders, employees, customers, suppliers, or creditors, as it is a routine insider transaction.

Key Dates

Keywords

Veeva Systems Inc., VEEV, SEC Form 4, Insider Trading, Stock Sale, Director Stock, Rule 10b5-1 Plan, Beneficial Ownership, Timothy S. Cabral, Healthcare Technology