Veeva Systems Inc: SVP Jonathan Faddis exercised 1,636 shares

What happened

• The filing reports that Jonathan Faddis, SVP, general counsel and secretary, had 1,636 restricted stock units convert to 1,636 shares on Oct 01, 2026 (exercise/conversion of derivative at $0.00).
• The filing shows 833 shares were withheld to satisfy tax withholding at $281.93 per share for a total of $234,848 (disposed), and 803 shares were gifted on Oct 02, 2026 (disposed, $0).

Key details

• Transaction dates and prices: Oct 01, 2026 — exercised/converted 1,636 shares @ $0.00 (code M); Oct 01, 2026 — 833 shares withheld/tax @ $281.93 (code F) for $234,848; Oct 02, 2026 — 803 shares gifted @ $0.00 (code G).
• Shares owned after the transactions: the filing does not report the amount of securities beneficially owned following these transactions.
• Relevant footnotes from the filing:
  • F2: each RSU represents a contingent right to one share.
  • F3: shares were withheld by the issuer to satisfy tax withholding in connection with net settlement of vested RSUs and not a market transaction; exempt under Rule 16b-3(e).
  • F4: the 803-share transfer was a bona fide charitable gift with no payment.
  • F5: RSUs were granted under the issuer's 2013 equity incentive plan with vesting schedule described in the filing.
  • F1: transaction exempt from Section 16(b) pursuant to Rule 16b-6(b).
• Filing date: Oct 05, 2026; Period of report: Oct 01, 2026.

Why it may matter

• The filing shows RSUs converted to shares and a net settlement where shares were withheld to cover tax liabilities (not a market sale).
• The 803-share transfer was a gift and was not a market trade.
• For derivative transactions, the filing reports an exercise/conversion of RSUs into shares.
• A filing does not show why the insider traded or why the company acted.