Cabral Timothy S 4

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.