Veeva (VEEV) Director Paul Sekhri Converts 460 RSUs to Shares

What Happened

• Paul J. Sekhri, a director of Veeva Systems Inc. (VEEV), had 460 restricted stock units (RSUs) vest on September 1, 2026. The Form 4 reports a conversion/exercise of derivative securities (code M) for 460 shares at $0.00 (acquired). The filing also shows an offsetting disposition of 460 shares at $0.00. No cash value is reported for these transactions.

Key Details

• Transaction date: 2026-09-01; Filing date: 2026-09-03 (timely Section 16 filing).
• Reported price: $0.00 for both the acquisition (conversion) and the disposition.
• Shares owned after transaction: not specified in the provided filing excerpt.
• Footnotes:
  • F1: Transaction exempt from Section 16(b) under Rule 16b-6(b).
  • F2: Each RSU represents a contingent right to one share of Class A common stock.
  • F3: Sekhri was granted 1,841 RSUs on June 17, 2026; 1/4 (460 RSUs) vested on Sept 1, 2026, with the remainder vesting quarterly thereafter subject to continued service on the board.

Context

• Code M indicates an exercise or conversion of a derivative security (here, RSUs converting to shares). The filing shows both an acquisition (conversion) and a matching disposition of 460 shares at $0.00 and includes the issuer’s vesting footnote. The filing does not disclose a cash sale price or additional details about the nature of the disposition in the excerpt provided.