Faddis Jonathan 4

What Happened
Jonathan Faddis, SVP, General Counsel and Secretary of Veeva Systems, was granted restricted stock units (RSUs) on April 7, 2026. The Form 4 reports the transaction as a derivative award (code A) at $0.00. Each RSU is a contingent right to one share of Class A common stock and will convert to shares only upon vesting.

Key Details

• Transaction date: 2026-04-07; reported on Form 4 filed 2026-04-09 (timely within the two-business-day window).
• Transaction type/code: Grant/Award (A); reported amount shown as 0 @ $0.00 (derivative RSUs).
• Vesting: RSUs vest over 1 year — 1/4 vests on July 1, 2026, then 1/4 each quarter thereafter, subject to continued service (per filing footnote).
• Exemption: Transaction exempt from Section 16(b) under Rule 16b-6(b) (standard for certain employee-plan awards).
• Shares owned after transaction: not specified in this filing.

Context
An RSU grant is compensation, not an open-market purchase or sale. RSUs represent a future right to receive shares if vesting conditions are met; they do not indicate an immediate buy/sell market signal. This filing documents the award and its vesting schedule rather than a change in current share ownership or a cash transaction.