Veeva (VEEV) Director Timothy Cabral Converts 477 RSUs to Shares

What Happened
Timothy S. Cabral, a director of Veeva Systems (VEEV), had 477 restricted stock units (RSUs) vest on September 1, 2026. The filing shows a conversion/exercise of a derivative (code M) resulting in the acquisition of 477 shares at $0.00 and a corresponding disposition entry (also $0.00) reflecting the conversion/transfer. No cash was paid; the shares are reported as held by the Cabral Family Trust.

Key Details

• Transaction date: September 1, 2026 (Period of Report). Filing date: September 3, 2026. Filing appears timely.
• Transaction type/code: Exercise/conversion of derivative (M) — conversion of vested RSUs.
• Shares: 477 RSUs converted to 477 shares; reported price $0.00.
• Ownership: Shares are held by the Cabral Family Trust. The reporting person is a trustee and beneficiary and may share voting/dispositive power (footnote F2). The filing does not list a separate total post-transaction share count beyond the trust holding.
• Exemption: Transaction exempt from Section 16(b) under Rule 16b-6(b) (footnote F1).
• Grant/vesting context: These RSUs were part of a 1,906-RSU grant on June 17, 2026; 1/4 vested on Sept 1, 2026 (477 RSUs) with remaining RSUs vesting quarterly thereafter subject to continued board service (footnotes F3–F4).

Context
This was a vesting/conversion of RSUs into common shares, not an open-market purchase or sale. The $0.00 price indicates no exercise cash requirement — the RSUs simply converted into shares and are held in the family trust. Such conversions are routine compensation/vesting events and do not by themselves indicate a buy or sell signal.