Wallach Matthew J 4
4 · VEEVA SYSTEMS INC · Filed Jun 22, 2026
Research Summary
AI-generated summary of this filing
Veeva Systems (VEEV) Director Matt Wallach Receives 1,841 RSUs
What Happened Matt (Matthew J.) Wallach, a director of Veeva Systems (VEEV), received a grant of 1,841 restricted stock units (RSUs) on June 17, 2026. The RSUs were reported as a derivative award (code A) with an acquisition price of $0.00 — i.e., a compensatory grant rather than a purchase. Each RSU represents a contingent right to one share of Veeva Class A common stock.
Key Details
- Transaction date: 2026-06-17; Filing date: 2026-06-22 (filed late vs. the usual 2-business-day Form 4 deadline).
- Amount: 1,841 RSUs granted; $0.00 per RSU (no cash exchanged).
- Shares owned after transaction: Not specified in this Form 4.
- Footnotes: RSUs = one share each (F4). Grant made under the Amended & Restated 2013 Equity Incentive Plan (F5). Vesting: ownership vests over one year — 1/4 of RSUs vest on Sept 1, 2026, then 1/4 each quarter thereafter, subject to continued service (F5).
- Other footnotes (F1–F3): The filing notes certain Veeva shares are held in multiple irrevocable trusts associated with Wallach; he may share voting/dispositive power but disclaims beneficial ownership except for pecuniary interest.
Context This was a standard equity compensation grant to a director, not an open-market buy or sale. RSU grants are common as part of director compensation and provide future equity subject to vesting and service conditions; they do not immediately increase free-floating shares until vested and settled. The late filing may be a procedural issue and is noted here for completeness.
Insider Transaction Report
- Award
Restricted Stock Units
[F4][F5]2026-06-17+1,841→ 1,841 total→ Class A Common Stock (1,841 underlying)
- 106,933
Class A Common Stock
- 100,000(indirect: By Trust)
Class A Common Stock
[F1] - 100,002(indirect: By Trust)
Class A Common Stock
[F2] - 50,000(indirect: By Trust)
Class A Common Stock
[F3]
Footnotes (5)
- [F1]Shares held by Matt Wallach 2012 Irrevocable Trust dated October 15, 2012 ("Trust I"). The Reporting Person may be deemed to share voting and dispositive power with regard to the reported shares held by Trust I. The Reporting Person disclaims beneficial ownership of the reported shares held by Trust I, except to the extent, if any, of his pecuniary interest therein.
- [F2]Shares held by Matt Wallach 2013 Irrevocable Trust dated August 13, 2013 ("Trust II"). The Reporting Person may be deemed to share voting and dispositive power with regard to the reported shares held by Trust II. The Reporting Person disclaims beneficial ownership of the reported shares held by Trust II, except to the extent, if any, of his pecuniary interest therein.
- [F3]Shares held by Matt Wallach 2012 Irrevocable Non-Grantor Trust dated October 15, 2012 ("Trust III"). The Reporting Person may be deemed to share voting and dispositive power with regard to the reported shares held by Trust III. The Reporting Person disclaims beneficial ownership of the reported shares held by Trust III, except to the extent, if any, of his pecuniary interest therein.
- [F4]Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of Class A Common Stock of the Issuer.
- [F5]The RSUs were granted under the Issuer's Amended & Restated 2013 Equity Incentive Plan. The Reporting Person vests ownership in the RSUs over one year with 1/4 of the RSUs vesting on September 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.