Cabral Timothy S 4

What Happened Timothy S. Cabral, a director of Veeva Systems Inc. (VEEV), was granted 1,906 restricted stock units (RSUs) on 2026-06-17. The transaction is reported as an award/acquisition (derivative) at $0.00 per share (standard for RSU grants, which are contingent rights to receive shares). The grant was made under Veeva's Amended & Restated 2013 Equity Incentive Plan.

Key Details

• Transaction date: 2026-06-17; Filing date: 2026-06-22 (filed 5 days after the grant).
• Grant: 1,906 RSUs reported as acquired at $0.00 (derivative award).
• Vesting: RSUs vest over one year — 1/4 vests on Sept 1, 2026, then 1/4 vests quarterly thereafter (per footnote).
• Plan: Amended & Restated 2013 Equity Incentive Plan.
• Shares owned after transaction: Not specified in this filing.
• Footnotes of note:
  • F1: Some shares are held by the Cabral Family Trust; Mr. Cabral is trustee and beneficiary and may share voting/dispositive power.
  • F2: Each RSU represents a contingent right to one share of Class A common stock.
  • F3: Detailed vesting schedule described above.
• Timeliness: Filing appears late relative to the standard two-business-day Form 4 requirement (transaction on 6/17, filed on 6/22).

Context This was an equity award (RSUs), not an open-market purchase or sale. RSUs are a form of compensation that convert into shares only if vesting conditions are met; they do not represent immediately traded stock. Such grants are common for directors and executives as compensation/retention and are informational rather than a direct market signal of buying or selling.