Form 4: Veeva Systems Director Timothy Cabral Reports Stock Transactions

Director Timothy Cabral reports transactions involving Veeva Systems Class A Common Stock, including the vesting of restricted stock units.

Summary

• On June 1, 2024, Director Timothy Cabral engaged in transactions involving Veeva Systems Class A Common Stock.
• These transactions included the vesting of 278 Restricted Stock Units (RSUs), each representing a contingent right to receive one share of Class A Common Stock.
• The vesting occurred under the Issuer's Amended and Restated 2013 Equity Incentive Plan.
• Following the reported transactions, Cabral directly owns 1,111 shares of Class A Common Stock and indirectly owns 23,391 shares through the Cabral Family Trust dated April 17, 2001.
• The reporting person is a trustee and beneficiary of the Cabral Family Trust and may be deemed to share voting and dispositive power with regard to the reported shares held by the Cabral Family Trust.

Sentiment

Score: 5

Explanation: This is a neutral disclosure of stock transactions. It doesn't inherently indicate positive or negative sentiment about the company's performance.

Industry Context

This filing is a routine disclosure related to insider transactions, which are common in publicly traded companies. It provides transparency regarding the holdings and transactions of company insiders.

Stakeholder Impact

• Shareholders are informed about insider transactions, promoting transparency.

Key Dates