Form 4: Veeva Systems Inc. Director Timothy S. Cabral Reports Stock Transactions

Director Timothy S. Cabral reports transactions involving Veeva Systems Inc. Class A Common Stock, including the vesting of Restricted Stock Units.

Summary

• On September 1, 2024, Timothy S. Cabral, Interim CFO and Director of Veeva Systems Inc., reported transactions involving the company's Class A Common Stock.
• Cabral acquired 315 shares of Class A Common Stock through the vesting of Restricted Stock Units (RSUs).
• Following the transaction, Cabral directly owns 1,426 shares of Class A Common Stock.
• Cabral also indirectly owns 8,391 shares through the Cabral Family Trust dated April 17, 2001.
• The RSUs were granted on June 19, 2024, under the company's equity incentive plan and vest quarterly.

Sentiment

Score: 5

Explanation: This is a neutral report of insider transactions, with no inherent positive or negative implications.

Future Outlook

The remaining RSUs will continue to vest quarterly, subject to continued service on the Issuer's board of directors on the applicable vesting date.

Industry Context

This is a routine disclosure of insider transactions, which is common for publicly traded companies. It provides transparency into the trading activities of company executives and directors.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine vesting of previously granted equity.

Key Dates