Veeva director exercises RSUs for 271 shares

Veeva Systems director Mark T. Carges acquired shares through an equity award.

Rhea-AI Filing Summary

Veeva Systems director Mark T. Carges acquired shares through an equity award. On March 1, 2026, he exercised 271 Restricted Stock Units, converting them into 271 shares of Class A Common Stock at a price of $0.00 per share in a derivative exercise.

Footnotes explain that each RSU equals one share of Class A stock and relate this to a grant of 1,084 RSUs made on June 18, 2025 under Veeva’s 2013 Equity Incentive Plan, vesting quarterly subject to continued board service. After these transactions, he also indirectly holds 12,411 Class A shares through the Mark Carges Revocable Trust.

Insider Trade Summary

271 shares exercised/converted

Exercise 3 txns

Insider Carges Mark T

Role Director

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	271	$0.00	$0.00
Exercise	Class A Common Stock	271	$0.00	$0.00
holding	Class A Common Stock	--	--	--

Holdings After Transaction: Restricted Stock Units — 271 contracts (Direct); Class A Common Stock — 271 shares (Direct); Class A Common Stock — 12,411 shares (Indirect, By Mark Carges Revocable Trust dated 01/30/2019)

Footnotes (5)

1. F1. 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. F2. The number of shares beneficially owned reflects the transfer of 542 shares of Class A Common Stock from the Reporting Person to 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. F3. 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.
4. F4. Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of Class A Common Stock of the Issuer.
5. F5. 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.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did VEEVA SYSTEMS INC (VEEV) report for Mark T. Carges?

Veeva Systems reported that director Mark T. Carges acquired 271 shares of Class A Common Stock by exercising 271 Restricted Stock Units at $0.00 per share. This derivative exercise converted previously granted RSUs into common stock as part of his equity compensation.

How many Restricted Stock Units did Mark T. Carges exercise in this VEEV Form 4?

Mark T. Carges exercised 271 Restricted Stock Units, receiving 271 shares of Veeva Class A Common Stock. Each RSU represents a right to one share, so the derivative exercise directly translated the 271 RSUs into 271 common shares without any cash purchase price.

What is the background of the RSU grant disclosed for VEEV director Mark T. Carges?

The filing states that on June 18, 2025, Mark T. Carges was granted 1,084 RSUs under Veeva’s Amended & Restated 2013 Equity Incentive Plan. One quarter vested on September 1, 2025, with the rest vesting quarterly thereafter, subject to continued board service.

How many VEEV shares does Mark T. Carges hold indirectly through a trust?

The filing shows 12,411 Veeva Class A shares held indirectly by the Mark Carges Revocable Trust dated 01/30/2019. Carges is a trustee and beneficiary of the trust and may share voting and dispositive power over these reported shares according to the footnotes.

Was the VEEV insider transaction by Mark T. Carges a purchase or an RSU conversion?

The transaction was an RSU conversion, not an open-market purchase. The Form 4 classifies it under code M as an exercise or conversion of derivative securities, turning 271 Restricted Stock Units into 271 Class A common shares at a stated price of $0.00.

What does the VEEV Form 4 say about the transfer of shares to the Mark Carges Revocable Trust?

A footnote explains that the beneficially owned share count reflects the transfer of 542 Class A shares from Mark Carges to the Mark Carges Revocable Trust. He is trustee and beneficiary and may share voting and dispositive power over shares held by the trust.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 03/03/2026 - 04:35 PM Learn about SEC filing dates

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^*

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)
03/01/2026

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	03/01/2026		M(1)		271	A	$0	271	D
Class A Common Stock								12,411(2)	I	By Mark Carges Revocable Trust dated 01/30/2019(3)

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	(4)	03/01/2026		M(1)			271	(5)	(5)	Class A Common Stock	271	$0	271	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. The number of shares beneficially owned reflects the transfer of 542 shares of Class A Common Stock from the Reporting Person to 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. 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.

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

5. 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	03/03/2026
	** 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.
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