Form 4: Veeva Systems Director Timothy S. Cabral Transfers Shares to Family Trust

Director Timothy S. Cabral of Veeva Systems Inc. transferred 1,741 shares of Class A Common Stock to the Cabral Family Trust on December 16, 2024.

Summary

• Timothy S. Cabral, a director at Veeva Systems Inc., reported a transaction involving the transfer of 1,741 shares of Class A Common Stock.
• The shares were transferred to the Cabral Family Trust, dated April 17, 2001.
• This transfer was a bona fide gift with no payment in consideration.
• Following the transaction, Mr. Cabral directly owns 0 shares and indirectly owns 9,068 shares through the family trust.
• Mr. 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.

Sentiment

Score: 5

Explanation: The document is a routine filing of a share transfer and does not indicate any positive or negative sentiment.

Industry Context

This is a routine filing related to insider transactions and does not indicate any significant trend in the industry.

Comparison to Industry Standards

• Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders across all publicly traded companies.
• The transfer of shares to a family trust is a common estate planning strategy among executives and directors.
• The transaction is not unusual compared to similar filings from other companies.

Related Party Transactions

• The transfer of shares to the Cabral Family Trust is a related party transaction.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a transfer of ownership within a family trust and does not change the total number of shares outstanding.

Key Dates

Keywords

Veeva Systems, Timothy S. Cabral, Class A Common Stock, Cabral Family Trust, Share Transfer, Director Transaction, Beneficial Ownership