Veeva Systems General Counsel Reports RSU Vesting, Tax Withholding, and Charitable Gift
VEEVA SYSTEMS INC
Subscribe to track VEEV
Premium users can add ticker alerts and receive realtime notification updates.
Filing Summary
# Insider Transaction Report: Veeva Systems Inc (NYSE: VEEV)
**Reporting Owner:** Jonathan Faddis (SVP, Gen. Counsel, Secretary)
### Summary of Transactions
- **Type:** RSU Vesting / Tax Withholding / Charitable Gift
- **Filing Date:** October 5, 2026
- **Transaction Dates:** October 1-2, 2026
- **Shares Acquired:** 1,636 (RSU settlement at $0.00)
- **Shares Withheld for Taxes:** 833 @ $281.93 (~$234.85K)
- **Charitable Gift:** 803 shares @ $0.00
- **Ending Direct Holdings:** 9,328 Class A Common shares
**Significance:** Low (Non-discretionary tax withholding and routine equity compensation vesting).
Comprehensive Analysis
Overview & Context
On October 5, 2026, Jonathan Faddis, Senior Vice President, General Counsel, and Secretary of Veeva Systems Inc (NYSE: VEEV), filed a Form 4 disclosing transactions executed on October 1 and October 2, 2026.
Breakdown of Transactions
- RSU Vesting (Code M): On October 1, 2026, 1,636 Restricted Stock Units (RSUs) vested and were converted into 1,636 shares of Class A Common Stock at $0.00 per share.
- Tax Withholding (Code F): In connection with the net settlement of the vesting RSUs, Veeva Systems withheld 833 shares at a market price of $281.93 per share to satisfy tax remittance obligations, totaling approximately $234,847.69. This was not an open-market sale.
- Charitable Gift (Code G): On October 2, 2026, Mr. Faddis transferred 803 shares of Class A Common Stock as a bona fide charitable gift for no consideration.
Ownership Impact
Following these transactions, Mr. Faddis directly holds 9,328 shares of Class A Common Stock and continues to hold 3,270 unvested RSUs, which vest quarterly under the issuer's 2013 Equity Incentive Plan.
Trading Significance
The trading significance is assessed as Low. The filings represent standard executive equity compensation activity—comprising scheduled RSU vesting, non-discretionary tax withholding, and a philanthropic gift—with zero open-market transactions.
Get Real-Time Alerts
Join our community to receive instant notifications when high-significance filings are published
Important Disclaimer
This content is drawn from public SEC filings and may contain errors. It is for informational purposes only and is not investment, legal, or tax advice.
Nothing here is a recommendation to buy, sell, or hold any security. Do your own due diligence.