Veeva Systems Officer Jonathan Faddis Files Form 144 to Sell $1.56M in Stock

Executive Summary

On October 14, 2026, Jonathan Faddis, an Officer of Veeva Systems Inc. ($VEEV), submitted a Form 144 filing indicating an intent to sell 5,198 shares of Common Stock through Merrill Lynch. The aggregate market value of the proposed transaction is approximately $1,557,920.33, implying an estimated price per share of roughly $299.72.

Transaction Details

• Securities to be Sold: 5,198 shares of Common Stock.
• Aggregate Market Value: $1,557,920.33.
• Acquisition Origin: The shares were acquired through various quarterly vesting tranches of restricted stock unit (RSU) awards granted under the issuer's equity compensation plan between January 1, 2025, and July 1, 2026.
• Rule 10b5-1 Plan: The filing indicates the planned sale is conducted under a pre-established trading plan adopted on July 15, 2026.

Market Impact & Significance

The planned sale is rated Low in market significance. With Veeva Systems having over 161.9 million shares outstanding, the 5,198 shares represent a fraction of a percent (<0.01%) of the total shares outstanding. Furthermore, the transaction is executed pursuant to a pre-scheduled Rule 10b5-1 trading arrangement following periodic RSU vesting, representing routine executive equity monetization.