MOHR MARSHALL 4

What Happened
Mohr Marshall, a director of Veeva Systems Inc. (VEEV), reported the conversion/exercise of a derivative award on March 1, 2026: 288 shares were acquired (conversion of RSUs) and the filing also reports a simultaneous disposal of 288 shares. The reported dollar value for both the acquisition and disposition is $0 in the Form 4 filing.

Key Details

• Transaction date: 2026-03-01; Form 4 filed: 2026-03-03 (reporting period 2026-03-01).
• Transaction code: M (exercise or conversion of a derivative). Reported per-share price: $0. Total reported value: $0.
• Shares acquired: 288; shares disposed: 288 (reported as derivative activity).
• Shares owned after the transaction: not specified in the excerpt provided.
• Footnotes of note:
  • F1: Transaction exempt from Section 16(b) under Rule 16b-6(b).
  • F2: Each RSU equals a contingent right to one share of Class A common stock.
  • F3: These RSUs were part of a 6/18/2025 grant of 1,155 RSUs with an initial 1/4 vest on 9/1/2025 and remaining RSUs vesting quarterly thereafter, subject to continued service.

Context

• The filing indicates RSUs converted to shares (derivative conversion). The simultaneous acquisition and disposal of the same number of shares is commonly seen when shares are sold or withheld to satisfy tax obligations, but the Form 4 does not specify the reason.
• Code M denotes exercise/conversion of a derivative instrument (here, RSUs), not an open-market purchase or sale by the insider beyond this conversion/disposition.
• No late filing flag was shown in the provided data.