Cabral Timothy S 4
4 · VEEVA SYSTEMS INC · Filed Jun 3, 2026
Research Summary
AI-generated summary of this filing
Veeva Director Timothy Cabral Exercises RSUs for 262 Shares
What Happened
Timothy S. Cabral, a director of Veeva Systems Inc. (VEEV), completed a conversion/exercise of derivative awards on June 1, 2026. The filing shows 262 shares were acquired via exercise/conversion (code M) at $0.00 and 262 shares were simultaneously reported as disposed at $0.00. The filing indicates these shares are associated with restricted stock units (RSUs) and the disposition relates to the Cabral Family Trust.
Key Details
- Transaction date: 2026-06-01; Form filed: 2026-06-03 (timely filing).
- Reported transactions: 262 shares acquired (derivative conversion) and 262 shares disposed; both at $0.00 (no cash exchanged).
- Post-transaction holdings: Not explicitly quantified in the filing; footnote states shares are held by the Cabral Family Trust and the Reporting Person is a trustee and beneficiary.
- Notable footnotes:
- F1: Exempt from Section 16(b) under Rule 16b-6(b).
- F2: Shares held by Cabral Family Trust; Reporting Person may share voting/dispositive power.
- F3: RSUs convert 1-for-1 into Class A common stock.
- F4: These RSUs were part of a 6/18/2025 grant (1,049 RSUs) with a specified vesting schedule.
Context
- Code M (exercise/conversion) here reflects settlement/conversion of RSUs into shares rather than a cash purchase or sale. The simultaneous acquisition and disposition at $0.00 typically indicate shares were issued on settlement and transferred to the family trust.
- This is an administrative/vesting-related transaction and not a typical open-market buy or sell; it does not by itself indicate a personal purchase or liquidity event in the public market.
Insider Transaction Report
Form 4
Cabral Timothy S
Director
Transactions
- Exercise/Conversion
Class A Common Stock
[F1]2026-06-01+262→ 1,049 total - Exercise/Conversion
Restricted Stock Units
[F3][F1][F4]2026-06-01−262→ 0 total→ Class A Common Stock (262 underlying)
Holdings
- 5,500(indirect: By Trust)
Class A Common Stock
[F2]
Footnotes (4)
- [F1]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.
- [F2]Shares held by the Cabral Family Trust (the "Trust"). The Reporting Person is a trustee and beneficiary of the Trust and may be deemed to share voting and dispositive power with regard to the reported shares held by the Trust.
- [F3]Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of Class A Common Stock of the Issuer.
- [F4]On June 18, 2025, the Reporting Person was granted 1,049 RSUs, under the Issuer's Amended and Restated 2013 Equity Incentive Plan, of which 1/4 of the RSUs vested on September 1, 2025, with the remaining RSUs vesting equally on a quarterly basis thereafter, subject to continued service on the Issuer's board of directors on the applicable vesting date.
Signature
/s/ Liang Dong, attorney-in-fact|2026-06-03