Form 4: Veeva Systems Inc. Executive Jonathan Faddis Sells Shares Under 10b5-1 Trading Plan
SEC Form 4 Filing
Jonathan Faddis, SVP, Gen. Counsel, and Secretary of Veeva Systems Inc., sold 833 shares of Class A Common Stock at $236.71 per share on May 2, 2025, under a pre-arranged 10b5-1 trading plan.
Summary
- On May 2, 2025, Jonathan Faddis, SVP, Gen. Counsel, and Secretary of Veeva Systems Inc., sold 833 shares of Class A Common Stock.
- The sale was executed at a price of $236.71 per share.
- The transaction was conducted under a Rule 10b5-1 trading plan adopted on December 19, 2024.
- Following the transaction, Faddis directly owns 7,835 shares of Veeva Systems Inc.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing simply reports a pre-planned stock sale by an executive. It doesn't inherently indicate positive or negative news about the company.
Future Outlook
The filing does not contain any forward-looking statements regarding the company's future performance.
Industry Context
This is a routine disclosure of an insider stock sale. It is common for executives to use 10b5-1 trading plans to sell shares over time to avoid accusations of insider trading. The sale itself doesn't necessarily indicate a negative outlook on the company.
Stakeholder Impact
- The stock sale could have a minor impact on shareholders if it creates downward pressure on the stock price, although the amount of shares sold is unlikely to have a significant impact.
Key Dates
| Date | Description |
|---|---|
| 2024-12-19 | Date the Reporting Person adopted a Rule 10b5-1 trading plan |
| 2025-05-02 | Date of the transaction (stock sale) |
| 2025-05-05 | Date of signature on the Form 4 filing |
Keywords
Veeva Systems Inc., Jonathan Faddis, Form 4, insider trading, stock sale, Rule 10b5-1, VEEV
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