Veeva Systems (NYSE: VEEV) reports director RSU vesting and share holdings

Rhea-AI Filing Summary

Veeva Systems reported an insider equity transaction by one of its directors. On December 1, 2025, the director converted 271 Restricted Stock Units (RSUs) into the same number of shares of Class A Common Stock at an exercise price of $0, using transaction code M, which indicates an exempt conversion of derivative securities.

Following this transaction, the director held 542 Class A shares directly and 11,869 Class A shares indirectly through the Mark Carges Revocable Trust dated January 30, 2019. The RSUs stem from a grant of 1,084 RSUs made on June 18, 2025 under the company’s Amended & Restated 2013 Equity Incentive Plan, with one quarter vesting on September 1, 2025 and the remainder vesting in equal quarterly installments, subject to continued board service.

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

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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^*

Carges Mark T

(Last) (First) (Middle)

C/O VEEVA SYSTEMS INC.

4280 HACIENDA DRIVE

(Street)

PLEASANTON CA 94588

(City) (State) (Zip)

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

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

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

3. Date of Earliest Transaction (Month/Day/Year)
12/01/2025

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

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

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

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	12/01/2025		M(1)		271	A	$0	542	D
Class A Common Stock								11,869	I	By Mark Carges Revocable Trust dated 01/30/2019(2)

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 Units	(3)	12/01/2025		M(1)			271	(4)	(4)	Class A Common Stock	271	$0	542	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. Shares held by the Mark Carges Revocable Trust dtd 1/30/19 (the "Trust"). The Reporting Person is a trustee and beneficiary of the Trust, and may be deemed to share voting and dispositive power with regard to the reported shares held by the Trust.

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

4. On June 18, 2025, the Reporting Person was granted 1,084 RSUs under the Issuer's Amended & Restated 2013 Equity Incentive Plan, of which 1/4 of the RSUs vested on September 1, 2025, with the remaining RSUs vesting equally on a quarterly basis thereafter, subject to continued service on the Issuer's board of directors on the applicable vesting date.

Remarks:

	/s/ Liang Dong, attorney-in-fact	12/02/2025
	** 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.
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FAQ

What insider transaction did Veeva Systems (VEEV) disclose in this Form 4?

The company reported that a director converted 271 Restricted Stock Units (RSUs) into 271 shares of Class A Common Stock on December 1, 2025 at an exercise price of $0.

How many Veeva Systems (VEEV) shares does the director own after this transaction?

After the transaction, the director beneficially owned 542 Class A shares directly and 11,869 Class A shares indirectly through the Mark Carges Revocable Trust dated January 30, 2019.

What is the source of the RSUs involved in this VEEV Form 4 filing?

The RSUs were granted on June 18, 2025 under Veeva Systems' Amended & Restated 2013 Equity Incentive Plan as part of the director’s equity compensation.

What is the vesting schedule for the director’s RSUs at Veeva Systems (VEEV)?

Of the 1,084 RSUs granted on June 18, 2025, one quarter vested on September 1, 2025, with the remaining RSUs vesting in equal quarterly installments, subject to continued service on the board.

What does transaction code M mean in this Veeva Systems Form 4?

Transaction code M indicates an exercise or conversion of a derivative security, in this case the conversion of RSUs into Class A Common Stock, which is noted as exempt from Section 16(b) under Rule 16b-6(b).

How is the Mark Carges Revocable Trust related to Veeva Systems (VEEV) share ownership?

The Mark Carges Revocable Trust holds 11,869 Veeva Class A shares. The reporting person is a trustee and beneficiary of the trust and may be deemed to share voting and dispositive power over those shares.