secwatch.observer — SEC 8-K summary
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Issuer:     VEEVA SYSTEMS INC (VEEV)
CIK:        0001393052
Form:       8-K
Filed at:   2022-09-26T23:59:59+00:00
Accession:  0001393052-22-000038
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Veeva CEO Peter Gassner to sell 3.33M shares via 10b5-1 plan starting Dec 5, 2022
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- Gassner will exercise pre-IPO option for 3,333,333 Class B shares, convert to Class A, and sell via broker-managed 10b5-1 plan.
- Trading window opens Dec 5, 2022; plan ends by Mar 8, 2023. Proceeds used to fund exercise and taxes.
- Gassner also plans to donate up to 1,000,000 Class A shares to a donor-advised fund in installments through Dec 31, 2023.
- He will remain Veeva's largest shareholder, beneficially owning >12M shares after transactions; no further sales planned in 2023.
- This is Gassner's first stock sale since March 2014 secondary offering; sale is structured transparently to balance diversification and charitable goals.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1393052/000139305222000038/0001393052-22-000038-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1393052/000139305222000038/veev-20220926.htm
  HTML page:      https://secwatch.observer/filing/0001393052-22-000038

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer