A substantial insider activity was disclosed on January 12, as Zuppas, Chief Marketing Officer at Veeva Sys (NYSE:VEEV), reported the exercise of a large sell of company stock options.
What Happened: Disclosed in a Form 4 filing on Friday with the U.S. Securities and Exchange Commission, Zuppas, Chief Marketing Officer at Veeva Sys, executed a strategic derivative sale. This involved exercising stock options for 4,350 shares of VEEV, resulting in a transaction value of $300,193.
The latest update on Friday morning shows Veeva Sys shares up by 0.13%, trading at $204.5. At this price, Zuppas's 4,350 shares are worth $300,193.
About Veeva Sys
Veeva is the global leading supplier of cloud-based software solutions for the life sciences industry. The company's best-of-breed offerings address operating and regulatory requirements for customers ranging from small, emerging biotechnology companies to departments of global pharmaceutical manufacturers. The company leverages its domain expertise to improve the efficiency and compliance of the underserved life sciences industry, displacing large, highly customized and dated enterprise resource planning systems that have limited flexibility. Its two main products are Veeva CRM, a customer relationship management platform for companies with a salesforce, and Veeva Vault, a content management platform that tackles various functions within any life sciences ...