Veeva systems inc: president & chief of staff Zuppas Eleni Nitsa exercised 2,181 shares

What happened

• Zuppas Eleni Nitsa, president & chief of staff, exercised or converted 2,181 restricted stock units (RSUs) on Oct 1, 2026. The filing shows 2,181 shares acquired at $0.00 and 2,181 RSU derivative shares disposed at $0.00. Separately, 1,110 shares were withheld to satisfy tax withholding at an attributable price of $281.93, totaling $312,942.

Key details

• Transaction date(s) and price(s): Oct 1, 2026 — exercise/conversion 2,181 shares @ $0.00; tax withholding 1,110 shares @ $281.93 for $312,942.
• Shares owned after the transaction: not reported in the filing.
• Relevant footnotes from the filing:
  • F2: each RSU represents a contingent right to receive one share of Class A common stock.
  • F3: 1,110 shares were withheld by the issuer to satisfy tax withholding and remittance obligations; this was not a market transaction.
  • F4: RSUs were granted under the Issuer's Amended & Restated 2013 Equity Incentive Plan and vest over 1 year with 1/4 vesting on Jul 1, 2026 and 1/4 vesting quarterly thereafter, subject to continued service.
  • F1: transaction exempt from Section 16(b) pursuant to Rule 16b-6(b).
• Filing date: Oct 5, 2026.

Why it may matter

• The filing shows an RSU conversion (exercise/settlement) with shares withheld to satisfy tax withholding (a net settlement), not a market sale of those withheld shares.
• The reporting person is an executive (president & chief of staff).
• A filing does not show why the insider traded or why the company acted.