Veeva (VEEV) Director Mark Carges Receives 493 Shares via RSU Vesting

What Happened

• Mark T. Carges, a director of Veeva Systems (VEEV), reported the vesting/conversion of 493 restricted stock units (RSUs) into 493 shares on September 1, 2026. The Form 4 shows an acquisition of 493 shares at $0.00 (exercise/conversion of derivative) and a matching disposition of 493 shares at $0.00 on the same date. This represents routine equity-compensation vesting rather than an open-market buy or sale.

Key Details

• Transaction date: 2026-09-01; Form 4 filed: 2026-09-03 (filed two days after the transaction; appears timely).
• Reported entries: 493 shares acquired via derivative conversion @ $0.00; 493 shares disposed @ $0.00.
• Shares owned after transaction: total post-transaction holdings are not specified on the provided excerpt; the filing notes the shares are held by the Mark Carges Revocable Trust (see footnote F2).
• Notable footnotes:
  • F1: Transaction exempt from Section 16(b) under Rule 16b-6(b).
  • F2: Shares held by the Mark Carges Revocable Trust; Reporting Person is trustee and beneficiary and may share voting/dispositive power.
  • F3: Each RSU converts to one share of Class A common stock.
  • F4: The 493 RSUs represent one-quarter of a 1,970-RSU grant that vested on Sept 1, 2026; remaining RSUs vest quarterly thereafter, subject to continued board service.
• No cash proceeds or open-market sale reported.

Context

• This filing documents RSU vesting and conversion to shares, a common form of director compensation. The paired acquisition and disposition entries (both at $0.00) reflect the mechanics of RSU conversion and the reporting of share holdings in the trustee vehicle, not a market sale. Such compensation-related filings are routine and do not by themselves indicate the insider’s view on the company’s stock.