Wallach Matthew J 4

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.