Veeva Systems EVP Sells Over $1.3M in Class A Common Stock

Executive Summary

On October 5, 2026, Daniel J. Rizzo, Executive Vice President of Sales, Consulting, & Services at Veeva Systems Inc. ($VEEV), reported the vesting of RSUs followed by open-market sales totaling 4,841 shares of Class A Common Stock for approximately $1.34 million across October 1–2, 2026.

Transaction Breakdown

• October 1, 2026:
  • RSU Vesting (Code M): Acquired 1,672 shares at $0.00.
  • Tax Withholding (Code F): 854 shares withheld by the issuer at $281.93 per share ($240,768.22 total value) to satisfy statutory tax obligations upon vesting.
• October 2, 2026 (Open Market Sales - Code S):
  • Sold 4,520 shares at a weighted-average price of $276.5301 ($1,249,916.05).
  • Sold 321 shares at a weighted-average price of $276.2065 ($88,662.29).
  • Aggregate Open Market Sales: 4,841 shares for a total value of $1,338,578.34.

Impact on Insider Holdings

Prior to the sales and after net vesting, Mr. Rizzo held 12,506 shares. The disposal of 4,841 shares reduced his directly held common equity position to 7,665 shares (a reduction of approximately 38.7% of his direct common stock holdings). He continues to retain 3,343 unvested Restricted Stock Units.