VEEVA SYSTEMS INC: CFO Brian van Wagener exercised 1,636 shares

What happened

• Brian van Wagener, CFO, converted/exercised derivatives into 1,636 shares on Oct 1, 2026 and had 705 shares withheld to satisfy tax obligations, netting $198,761 reported as the tax withholding amount.

Key details

• Transaction dates and prices:
  • Oct 1, 2026: exercise/conversion of derivative (code M) — 1,636 shares acquired at $0.00.
  • Oct 1, 2026: payment of exercise price or tax liability (code F) — 705 shares withheld at $281.93, value reported $198,761.
  • Oct 1, 2026: a derivative line (code M) shows 1,636 shares disposed at $0.00 (reported as derivative).
• Shares owned after the transaction: not reported in the filing.
• Relevant footnotes from the filing:
  • F2: each restricted stock unit (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; exemption under Rule 16b-3(e).
  • F4: RSUs were granted under the 2013 equity incentive plan and vest over one year with 1/4 vesting on Jul 1, 2026 and quarterly thereafter; the filing corrects a prior vesting date error for an earlier Form 4.
  • F1: certain transaction exemptions cited under Rule 16b-6(b).
• Filing date: Oct 5, 2026 for a reportable date of Oct 1, 2026; the filing does not state whether it was late.

Why it may matter

• The filing shows exercised/converted RSUs and that 705 shares were withheld to satisfy tax withholding (a net settlement, not a market sale).
• The filing does not show why the insider traded or why the company acted.