Hung Priscilla 4

What Happened

• Priscilla Hung, a director of Veeva Systems (VEEV), had 262 restricted stock units (RSUs) converted into 262 shares on March 1, 2026 (reported as derivative exercise/conversion). The filing shows 262 shares acquired at $0.00 and the same 262 shares disposed at $0.00 (derivative). No cash value is reported for these entries.

Key Details

• Transaction date: 2026-03-01; Form 4 filed: 2026-03-03 (timely filing).
• Quantity: 262 shares acquired via conversion and 262 shares disposed (both reported at $0.00).
• Footnote F1: Transaction exempt from Section 16(b) under Rule 16b-6(b).
• Footnote F2: Confirms RSUs represent a contingent right to one share each.
• Footnote F3: These RSUs were part of a 1,049-RSU grant on June 18, 2025 with a quarterly vesting schedule; the filing reflects the vesting/conversion event.
• Shares owned after the transaction are not specified in the provided filing.

Context

• This filing documents conversion of vested RSUs into shares and an immediate disposition of the same number of shares. Filings like this often reflect standard vesting and internal settlement or withholding arrangements; the Form 4 does not state the reason for the disposition. The Rule 16b-6(b) exemption noted means the transaction is treated as exempt from short-swing profit recovery under Section 16(b).