Veeva Systems (VEEV) President Eleni Zuppas Exercises RSUs

What Happened

• Eleni Nitsa Zuppas, President & Chief of Staff at Veeva Systems, had 2,180 restricted stock units (RSUs) convert to 2,180 shares on July 1, 2026 (transaction code M). The filing also shows a simultaneous disposition of 2,180 shares the same day. The exercise/conversion price is reported as $0, so the reported dollar value of these transactions is $0. Net change in beneficial ownership from these entries is 0 shares.

Key Details

• Transaction date: 2026-07-01; Filing date (Form 4): 2026-07-06.
• Shares acquired (conversion): 2,180 @ $0.00; Shares disposed: 2,180 @ $0.00.
• Net change in holdings from these entries: 0 shares.
• Footnotes: F1 notes the transaction is exempt from Section 16(b) under Rule 16b-6(b). F2 clarifies each RSU converts to one share. F3 describes the RSU vesting schedule (1-year vest with 1/4 vesting on July 1, 2026, then quarterly thereafter, subject to continued service).
• The filing does not state total shares owned after the transaction in this extract.

Context

• This was a derivative conversion/vesting event (RSUs converting into shares). The simultaneous acquisition and disposition of equal share counts often reflects vesting and an immediate disposition step recorded on Form 4; the filing does not provide further details about the reason for the disposition. The transaction is reported as exempt from short-swing profit rules per Rule 16b-6(b).