Zuppas Eleni Nitsa 4

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.