Veeva Systems (NYSE: VEEV) CFO nets shares after RSU vesting and tax withholding

Rhea-AI Filing Summary

Veeva Systems Inc. Chief Financial Officer Brian Van Wagener reported routine equity compensation activity. On April 1, 2026, he exercised 872 Restricted Stock Units (RSUs), receiving an equal number of shares of Class A Common Stock at a price of $0.00 per share.

To cover tax obligations related to the RSU vesting, 370 shares of Class A Common Stock were withheld by Veeva at a price of $172.74 per share. This withholding was not an open-market sale but a tax payment mechanism. After these transactions, he directly held 8,383 shares of Class A Common Stock.

Insights

Equity compensation analyst

Routine RSU vesting with tax withholding; no open‑market trading signal.

The CFO of Veeva Systems Inc. exercised 872 RSUs into Class A Common Stock at $0.00, a standard equity compensation event. The filing classifies this as an exercise or conversion of a derivative security, exempt from Section 16(b) short-swing profit rules.

To satisfy tax obligations from the RSU vesting, the company withheld 370 shares at $172.74 per share. This F-code transaction is a tax-withholding disposition, not a market sale, leaving the CFO with 8,383 shares directly held. With no remaining derivatives in this filing and no open-market buys or sells, the overall signal appears routine and administrative.

Insider Trade Summary

872 shares exercised/converted

Mixed 3 txns

Insider Van Wagener Brian

Role Chief Financial Officer

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Unit	872	$0.00	--
Exercise	Class A Common Stock	872	$0.00	--
Tax Withholding	Class A Common Stock	370	$172.74	$64K

Holdings After Transaction: Restricted Stock Unit — 0 shares (Direct); Class A Common Stock — 8,753 shares (Direct)

Footnotes (1)

1. Transaction exempt from Section 16(b) of the Securities Exchange Act of 1934 (the "Act") pursuant to Rule 16b-6(b) promulgated under the Act. Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of Class A Common Stock of the Issuer. Represents shares that have been withheld by the Issuer to satisfy tax withholding and remittance obligations in connection with the net settlement of vested restricted stock units and not a market transaction. Transaction exempt from Section 16(b) of the Act pursuant to Rule 16b-3(e) promulgated under the Act. The RSUs were granted under the Issuer's Amended & Restated 2013 Equity Incentive Plan. The Reporting Person vests ownership in the RSUs over one year with 25% vesting on July 1, 2025, and 25% of the RSUs vesting on a quarterly basis thereafter, subject to continued service to the Issuer by the Reporting Person.

Key Figures

RSUs exercised: 872 RSUs / shares Tax-withheld shares: 370 shares Withholding price: $172.74 per share +3 more

6 metrics

RSUs exercised 872 RSUs / shares Exercised into Class A Common Stock on April 1, 2026

Tax-withheld shares 370 shares Withheld at $172.74 per share to cover tax obligations

Withholding price $172.74 per share Value used for tax-withholding disposition of 370 shares

Post-transaction holdings 8,383 shares Direct Class A Common Stock held after April 1, 2026 transactions

Section 16(b) exemption (exercise) Rule 16b-6(b) RSU exercise exempt from short-swing profit rules

Section 16(b) exemption (tax) Rule 16b-3(e) Tax-withholding disposition exempt from short-swing profit rules

Key Terms

Restricted Stock Unit, Section 16(b), Rule 16b-6(b), Rule 16b-3(e), +1 more

5 terms

Restricted Stock Unit financial

"Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of Class A Common Stock"

A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.

Section 16(b) regulatory

"Transaction exempt from Section 16(b) of the Securities Exchange Act of 1934"

A federal rule that requires company insiders—like officers, directors and large shareholders—to return any profits made from buying and selling the company’s stock within a six-month window. It matters to investors because it discourages short-term trades that could exploit non-public information and helps protect outside shareholders by creating a simple, enforceable way to recover unfair gains, much like a rule stopping someone from flipping a limited-edition item for quick profit after getting early access.

Rule 16b-6(b) regulatory

"exempt from Section 16(b) of the Securities Exchange Act of 1934 pursuant to Rule 16b-6(b)"

Rule 16b-3(e) regulatory

"Transaction exempt from Section 16(b) of the Act pursuant to Rule 16b-3(e) promulgated under the Act"

Amended & Restated 2013 Equity Incentive Plan financial

"The RSUs were granted under the Issuer's Amended & Restated 2013 Equity Incentive Plan"

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Van Wagener Brian

(Last) (First) (Middle)

C/O VEEVA SYSTEMS INC.

4280 HACIENDA DRIVE

(Street)

PLEASANTON CALIFORNIA 94588

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
VEEVA SYSTEMS INC [ VEEV ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Financial Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/01/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	04/01/2026(1)		M		872	A	$0(2)	8,753	D
Class A Common Stock	04/01/2026		F(3)		370(3)	D	$172.74	8,383	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Unit	(2)	04/01/2026(1)		M			872	(4)	(4)	Class A Common Stock	872	$0	0	D

Explanation of Responses:

1. Transaction exempt from Section 16(b) of the Securities Exchange Act of 1934 (the "Act") pursuant to Rule 16b-6(b) promulgated under the Act.

2. Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of Class A Common Stock of the Issuer.

3. Represents shares that have been withheld by the Issuer to satisfy tax withholding and remittance obligations in connection with the net settlement of vested restricted stock units and not a market transaction. Transaction exempt from Section 16(b) of the Act pursuant to Rule 16b-3(e) promulgated under the Act.

4. The RSUs were granted under the Issuer's Amended & Restated 2013 Equity Incentive Plan. The Reporting Person vests ownership in the RSUs over one year with 25% vesting on July 1, 2025, and 25% of the RSUs vesting on a quarterly basis thereafter, subject to continued service to the Issuer by the Reporting Person.

Remarks:

	/s/ Liang Dong, attorney-in-fact	04/03/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did VEEVA SYSTEMS INC (VEEV) disclose for its CFO?

Veeva Systems’ CFO exercised 872 restricted stock units, converting them into 872 shares of Class A Common Stock at $0.00 per share. This is a routine equity compensation event tied to RSU vesting under the company’s Amended & Restated 2013 Equity Incentive Plan.

Did the VEEV CFO sell shares in the open market in this Form 4?

No open-market sale occurred. The Form 4 shows 370 shares of Class A Common Stock were withheld at $172.74 per share solely to cover tax obligations from RSU vesting, a tax-withholding disposition rather than a discretionary market transaction.

How many VEEV shares does the CFO hold after these transactions?

After the RSU exercise and tax withholding, the CFO directly holds 8,383 shares of Veeva Systems Class A Common Stock. This post-transaction balance reflects the net effect of receiving 872 shares from RSU conversion and 370 shares withheld for taxes on April 1, 2026.

What exactly happened with the 872 VEEV restricted stock units?

Each RSU represented a right to receive one Veeva Class A share. On April 1, 2026, 872 RSUs were exercised into 872 shares at $0.00 per share. This exercise is exempt from Section 16(b) under Rule 16b-6(b) and reflects scheduled equity vesting.

Why were 370 VEEV shares withheld from the CFO in this filing?

Veeva withheld 370 shares to satisfy tax withholding and remittance obligations from the net settlement of vested RSUs. The filing states this was not a market transaction but a tax-withholding disposition, exempt from Section 16(b) under Rule 16b-3(e).

Under which plan were the VEEV RSUs granted to the CFO, and how do they vest?

The RSUs were granted under Veeva’s Amended & Restated 2013 Equity Incentive Plan. According to the filing, the reporting person vests 25% of the RSUs on July 1, 2025, with an additional 25% vesting quarterly thereafter, subject to continued service.