Van Wagener Brian 4

What Happened
Brian Van Wagener, Chief Financial Officer of Veeva Systems (VEEV), was granted two restricted stock unit (RSU) awards on April 7, 2026. The Form 4 lists these as derivative awards with 0 shares and $0 value on the face of the filing; footnotes clarify that each RSU is a contingent right to receive one share of Class A common stock upon vesting. One RSU award vests over a 1‑year schedule (1/4 vests July 1, 2026, then quarterly thereafter, subject to continued service). The other award vests 100% on April 1, 2030, also subject to continued service. The grant is reported as exempt from Section 16(b) under Rule 16b‑6(b).

Key Details

• Transaction date: April 7, 2026; Form 4 filed April 9, 2026 (filed promptly).
• Transaction type/code: A = Award/Grant of derivative securities (RSUs).
• Reported amounts: Form shows 0 shares acquired at $0.00; footnote confirms RSUs are contingent rights to shares (see F1).
• Vesting: F3 — 1‑year schedule: 1/4 on July 1, 2026, then quarterly; F4 — 100% vest on April 1, 2030.
• Exemption: Transaction exempt under Rule 16b‑6(b) (F2).
• Shares owned after transaction: not specified in this filing.

Context
RSUs are compensation awards that convert into shares only if vesting conditions (here, continued service and timing) are met; they do not represent an immediate cash purchase or sale of stock. Such grants are common executive compensation and should not be interpreted alone as a buy/sell signal.