Form 4: Veeva Systems Director Timothy Cabral Reports Stock Sale and Trust Transfer

Director Timothy Cabral reported selling 3,882 shares of Veeva Systems Inc. and transferring 314 shares to the Cabral Family Trust.

Summary

• On April 4, 2025, Timothy Cabral, a director of Veeva Systems Inc., reported a transaction involving Class A Common Stock.
• Cabral sold 3,882 shares at a price of $216.83 per share.
• He also transferred 314 shares to the Cabral Family Trust.
• Following these transactions, Cabral directly owns 5,500 shares.
• Cabral also has indirect ownership through the Cabral Family Trust, dated April 17, 2001.
• The sales were executed under a pre-arranged Rule 10b5-1 trading plan adopted on December 18, 2024.
• Liang Dong, attorney-in-fact, signed the report on April 8, 2025.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.

Industry Context

This Form 4 filing is a routine disclosure of insider transactions, providing transparency to the market regarding the trading activities of company directors. It's common for executives to have pre-arranged trading plans like Rule 10b5-1 to avoid accusations of insider trading.

Related Party Transactions

• Transfer of shares to the Cabral Family Trust, of which the reporting person is a trustee and beneficiary.

Stakeholder Impact

• The stock sale may have a minor impact on shareholders due to the increased supply of shares in the market.
• The impact is likely minimal given the relatively small number of shares involved.

Key Dates

Keywords

Veeva Systems, Timothy Cabral, Form 4, Stock Sale, Director, Class A Common Stock, Cabral Family Trust, Rule 10b5-1