Form 4: Veeva Systems Director Timothy Cabral Reports Stock Transactions
SEC Form 4 Filing
Director Timothy Cabral reports the vesting of restricted stock units and shares held by a family trust.
Summary
- On March 1, 2025, Timothy Cabral, a director of Veeva Systems Inc., reported transactions involving Class A Common Stock.
- These transactions included the vesting of 314 Restricted Stock Units (RSUs) and shares held by the Cabral Family Trust.
- Following the reported transactions, Cabral directly owns 314 shares of Class A Common Stock and indirectly owns 9,068 shares through the Cabral Family Trust.
- The RSUs vest quarterly, subject to continued service on the Issuer's board of directors.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, reflecting neutral sentiment.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their transactions in the company's stock.
Stakeholder Impact
- The vesting of RSUs may have a minor dilutive effect on existing shareholders.
Key Dates
| Date | Description |
|---|---|
| April 17, 2001 | Date of the Cabral Family Trust |
| June 19, 2024 | Date the Reporting Person was granted 1,259 RSUs |
| September 1, 2024 | 1/4 of the RSUs vested |
| March 01, 2025 | Date of reported transaction (vesting of RSUs) |
| March 03, 2025 | Date of signature |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.