Zuppas Eleni Nitsa 4
4 · VEEVA SYSTEMS INC · Filed Apr 9, 2026
Research Summary
AI-generated summary of this filing
VEEVA (VEEV) President Eleni Zuppas Receives RSU Award
What Happened
Eleni Zuppas, President & Chief of Staff of Veeva Systems (VEEV), received two restricted stock unit (RSU) awards reported on Apr 7, 2026. The Form 4 records these as derivative grants (reported as 0 shares at $0.00 in the transaction lines provided), meaning she was granted rights to receive shares in the future rather than immediate shares or cash. The filing does not disclose a dollar value or a unit count in the excerpt supplied here; vesting schedules are included in the footnotes.
Key Details
- Transaction date: 2026-04-07 (Form 4 filed 2026-04-09 — appears timely under the standard 2-business-day rule).
- Reported transaction type: A = Award/Grant (derivative RSUs), listed as 0 shares @ $0.00 in the transaction lines.
- Vesting:
- Grant 1: RSUs vest over 1 year — 1/4 vest on July 1, 2026 and then 1/4 each quarter thereafter, subject to continued service.
- Grant 2: RSUs vest 100% on April 1, 2030, subject to continued service.
- Exemption: Transaction exempt from Section 16(b) per Rule 16b-6(b) (typical for awards under company plans).
- Shares owned after transaction: not disclosed in the provided excerpt.
- Footnote recap: each RSU equals a contingent right to one share of Class A common stock.
Context
RSU grants are compensation awards, not purchases or sales — they do not signal an immediate buy or sell in the market. RSUs convert into actual shares only if and when they vest (subject to service conditions). Because no immediate disposition occurred and the filing lists the awards as exempt grants, there is no short-swing profit exposure under Section 16(b) for these transactions.
Insider Transaction Report
- Award
Restricted Stock Units
[F1][F2][F3]2026-04-07+0→ 8,721 total→ Class A Common Stock (8,721 underlying) - Award
Restricted Stock Units
[F1][F2][F4]2026-04-07+0→ 14,535 total→ Class A Common Stock (14,535 underlying)
Footnotes (4)
- [F1]Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of Class A Common Stock of the Issuer.
- [F2]Transaction exempt from Section 16(b) of the Securities Exchange Act of 1934 (the "Act") pursuant to Rule 16b-6(b) promulgated under the Act.
- [F3]The RSUs were granted under the Issuer's Amended & Restated 2013 Equity Incentive Plan (the "Plan"). The Reporting Person vests ownership in the RSUs over 1-year with 1/4 of the RSUs vesting on July 1, 2026, and 1/4 of the RSUs vesting on a quarterly basis thereafter, subject to continued service to the Issuer by the Reporting Person.
- [F4]The RSUs were granted under the Plan. The Reporting Person vests 100% ownership in the RSUs on April 1, 2030, subject to continued service to the Issuer by the Reporting Person.