Veeva's Exiting President Sold $2.8 Million in Stock: What Investors Need to Know
Thomas D. Schwenger exercised options and sold 10,000 shares under a pre-arranged trading plan, retaining 19,449 directly held shares.
Overview
Thomas D. Schwenger, Pres. & Chief Customer Officer at Veeva Systems Inc. (NYSE:VEEV), executed a sale of 10,000 shares of Class A Common Stock on Aug. 27, 2026, for a total value of $2.8 million according to a recent SEC Form 4 filing.
Transaction value based on SEC Form 4 weighted average sale price ($281.33); post-transaction value based on Aug. 27, 2026, market close ($282.13).
Details
Veeva Systems is a specialized enterprise software provider with a $44.9 billion market capitalization and $3.5 billion in TTM revenue, demonstrating substantial scale within the life sciences vertical. The company maintains a competitive advantage through deep domain expertise, comprehensive product integration, and an extensive global customer base spanning the entire life sciences value chain. With net income of $1.0 billion TTM, Veeva exhibits strong profitability and cash generation characteristics typical of mature SaaS platforms serving mission-critical enterprise functions.
Source
Originally published at www.fool.com.