Veeva Systems Officer Exercises Options and Sells $2.81M in Shares Under 10b5-1 Plan
VEEVA SYSTEMS INC
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Filing Summary
š Insider Transaction Report | Veeva Systems Inc ($VEEV)
Insider: Thomas D. Schwenger (Pres. & Chief Customer Officer) Transaction Date: August 27, 2026 Action: Option Exercise & Sale (Rule 10b5-1 Plan)
ā¢ Shares Sold: 10,000 @ $281.33 ($2,813,300 total) ā¢ Shares Exercised: 10,000 @ $154.00 ($1,540,000 total cost) ā¢ Net Proceeds: ~$1,273,300 ā¢ Direct Shares Retained: 19,449 shares ā¢ Remaining Options: 25,000 shares
Significance: Low (Pre-planned Rule 10b5-1 transaction)
Comprehensive Analysis
Executive Summary
On August 27, 2026, Thomas D. Schwenger, President & Chief Customer Officer of Veeva Systems Inc ($VEEV), executed an option exercise and corresponding sale of 10,000 shares of Class A Common Stock. The transactions were conducted pursuant to a pre-arranged Rule 10b5-1 trading plan.
Transaction Breakdown
- Derivative Exercise (Code M): Exercised 10,000 fully vested stock options at a strike price of $154.00 per share, retaining 25,000 options expiring October 3, 2029.
- Open Market Sale (Code S): Sold 10,000 shares at a weighted average price of $281.33 per share, generating gross proceeds of $2,813,300.00.
- Post-Transaction Holdings: Direct beneficial ownership stands at 19,449 shares of Class A Common Stock.
Market & Governance Context
Because this transaction represents a standard option exercise and sale executed under a pre-established Rule 10b5-1 trading plan, it does not typically indicate a discretionary shift in executive sentiment regarding the company's outlook.
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