Form 4: Veeva Systems Director Timothy Cabral Reports Stock Transactions

Director Timothy Cabral reported the vesting of restricted stock units and subsequent conversion to Class A Common Stock.

Summary

• On March 1, 2024, Timothy Cabral, a director of Veeva Systems Inc., reported transactions involving Class A Common Stock.
• 277 Restricted Stock Units (RSUs) vested and were converted into 277 shares of Class A Common Stock.
• The transaction was exempt from Section 16(b) of the Securities Exchange Act of 1934.
• Cabral also indirectly owns 38,391 shares of Class A Common Stock through the Cabral Family Trust dated April 17, 2001.
• Cabral 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.
• The RSUs were granted on June 21, 2023, under the Issuer's Amended and Restated 2013 Equity Incentive Plan and vest quarterly subject to continued service on the Issuer's board of directors.

Sentiment

Score: 5

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

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to track ownership changes and potential alignment of interests.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding insider activity.

Key Dates