Form 4: Veeva Systems SVP Jonathan Faddis Reports Stock Transactions

Jonathan Faddis, SVP, Gen. Counsel, and Secretary of Veeva Systems Inc., reports transactions involving Class A Common Stock, including vesting of Restricted Stock Units, tax withholding, and sales under a 10b5-1 trading plan.

Summary

• On April 1, 2025, Jonathan Faddis vested 1,120 shares of Class A Common Stock from Restricted Stock Units (RSUs).
• Also on April 1, 2025, 401 shares were withheld by Veeva Systems to cover tax obligations related to the RSU vesting at a price of $227.9.
• On April 2, 2025, Faddis sold 787 shares of Class A Common Stock at a price of $226.2.
• These sales were executed under a pre-arranged Rule 10b5-1 trading plan adopted on December 19, 2024.
• Following these transactions, Faddis directly owns 8,668 shares of Class A Common Stock.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.

Industry Context

This Form 4 filing is a routine disclosure of stock transactions by a company insider, as required by the SEC. It provides transparency to the market regarding the trading activities of key personnel.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies and their insiders.
• The transactions are typical for executives who receive stock-based compensation and utilize 10b5-1 trading plans to manage their stock sales.
• Comparable companies such as Salesforce (CRM) and Workday (WDAY) also have similar insider transaction reporting.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the small volume of shares traded.
• The transactions do not directly impact employees, customers, suppliers, or creditors.

Key Dates

Keywords

Veeva Systems, Jonathan Faddis, Form 4, Stock Transactions, Class A Common Stock, Restricted Stock Units, 10b5-1 Trading Plan, Insider Trading