Faddis Jonathan 4
4 · VEEVA SYSTEMS INC · Filed Jul 6, 2026
Research Summary
AI-generated summary of this filing
Veeva (VEEV) SVP Jonathan Faddis Receives RSUs; 832 Shares Withheld
What Happened
Jonathan Faddis, Senior Vice President, General Counsel and Secretary of Veeva Systems (VEEV), had 1,635 restricted stock units (RSUs) convert to shares on July 1, 2026 (code M). To satisfy tax-withholding obligations, the issuer withheld 832 of those shares at an indicated per-share value of $184.22, totaling $153,271 (code F). The net result: Faddis received 803 shares (1,635 − 832) as a result of the vesting/conversion. This was an award/vesting event rather than an open-market purchase or voluntary sale.
Key Details
- Transaction date: July 1, 2026. Filing date: July 6, 2026 (timely filed; July 3 was the observed holiday).
- Converted/vested: 1,635 RSUs → 1,635 shares (code M, $0 exercise price).
- Tax withholding: 832 shares withheld at $184.22/share = $153,271 (code F); this was a net settlement by the issuer, not a market sale.
- Net shares delivered to insider: 803 shares.
- Footnotes: RSUs represent a contingent right to one share (F2); withholding is issuer net-settlement and exempt under Rule 16b-3(e) (F3); conversion/transaction exempt under Rule 16b-6(b) (F1); RSUs granted under the 2013 Equity Incentive Plan with vesting schedule described (F4 — 1/4 vested July 1, 2026, then quarterly).
- Shares owned after transaction: not specified in the provided filing excerpt.
Context
- This was a routine equity award/vesting event (RSU conversion with net-share withholding for taxes). The withholding is administrative/tax-related and does not indicate an open-market sale of shares by the insider.
- Transaction codes: M = exercise/conversion of derivative (here, RSU conversion); F = payment of exercise price or tax liability (here, share withholding for taxes).
Insider Transaction Report
Form 4
Faddis Jonathan
SVP, Gen. Counsel, Secretary
Transactions
- Exercise/Conversion
Class A Common Stock
[F1][F2]2026-07-01+1,635→ 10,160 total - Tax Payment
Class A Common Stock
[F3]2026-07-01$184.22/sh−832$153,271→ 9,328 total - Exercise/Conversion
Restricted Stock Units
[F2][F4]2026-07-01−1,635→ 4,906 total→ Class A Common Stock (1,635 underlying)
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]Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of Class A Common Stock of the Issuer.
- [F3]Represents shares that have been withheld by the Issuer to satisfy tax withholding and remittance obligations in connection with the net settlement of vested restricted stock units and not a market transaction. Transaction exempt from Section 16(b) of the Act pursuant to Rule 16b-3(e) promulgated under the Act.
- [F4]The RSUs were granted under the Issuer's Amended & Restated 2013 Equity Incentive Plan. The Reporting Person vests ownership in the RSUs over 1-year with 1/4 of the RSUs vesting on July 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.
Signature
/s/ Liang Dong, attorney-in-fact|2026-07-06