Form 4: Veeva Systems Executive Thomas Schwenger Sells Shares Under 10b5-1 Plan

Thomas Schwenger, President & Chief Customer Officer of Veeva Systems, sold shares of Class A Common Stock on April 10, 2025, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• Thomas Schwenger, the President & Chief Customer Officer of Veeva Systems Inc., reported the sale of Class A Common Stock on April 10, 2025.
• The sales were executed under a Rule 10b5-1 trading plan adopted on January 7, 2025.
• A total of 2,600 shares were sold in multiple transactions at varying weighted average prices.
• The prices ranged from $210.5850 to $214.8250 per share.
• Following the reported transactions, Schwenger still beneficially owns 27,089 shares of Class A Common Stock.

Sentiment

Score: 5

Explanation: This is a neutral disclosure of stock sales by an executive under a pre-arranged trading plan. It doesn't inherently indicate positive or negative sentiment about the company's prospects.

Industry Context

Form 4 filings are a routine part of the regulatory landscape, providing transparency into the trading activities of company insiders. The use of 10b5-1 plans is a common practice to avoid accusations of insider trading, allowing executives to sell shares at predetermined times and prices.

Stakeholder Impact

• The stock sale may have a minor impact on shareholders due to the increased supply of shares, but the impact is likely to be minimal given the relatively small number of shares sold and the pre-planned nature of the transactions.

Key Dates

Keywords

Veeva Systems, Thomas Schwenger, Form 4, Insider Trading, Stock Sale, Rule 10b5-1, VEEV, Executive Compensation