Veeva Systems (VEEV) director converts 262 RSUs into Class A shares

Rhea-AI Filing Summary

Veeva Systems director Mary Lynne Hedley reported an equity award transaction involving restricted stock units. On March 1, 2026, 262 Restricted Stock Units were exercised or converted, resulting in the acquisition of 262 shares of Class A common stock at a price of $0.00 per share under an equity incentive plan. Following this transaction, her directly held Class A common stock totaled 6,890 shares.

The RSUs come from a grant of 1,049 units awarded on June 18, 2025 under Veeva’s Amended & Restated 2013 Equity Incentive Plan. One quarter of that grant vested on September 1, 2025, with the remaining units vesting in equal quarterly installments, contingent on her continued service on the board.

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^*

Hedley Mary Lynne

(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)		262	A	$0	6,890	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 Units	(2)	03/01/2026		M(1)			262	(3)	(3)	Class A Common Stock	262	$0	262	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. On June 18, 2025, the Reporting Person was granted 1,049 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).
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FAQ

What insider transaction did Veeva Systems (VEEV) director Mary Lynne Hedley report?

Mary Lynne Hedley reported exercising 262 Restricted Stock Units, converting them into 262 shares of Veeva Systems Class A common stock at $0.00 per share. This transaction reflects vesting from a prior RSU grant under the company’s 2013 equity incentive plan.

How many Veeva Systems (VEEV) shares does Mary Lynne Hedley hold after this Form 4?

After the March 1, 2026 transaction, Mary Lynne Hedley directly holds 6,890 shares of Veeva Systems Class A common stock. This total includes the 262 shares received from exercising Restricted Stock Units that vested under the company’s Amended & Restated 2013 Equity Incentive Plan.

What was the size and structure of Mary Lynne Hedley’s RSU grant from Veeva Systems (VEEV)?

On June 18, 2025, Mary Lynne Hedley received a grant of 1,049 Restricted Stock Units from Veeva Systems. One quarter of these RSUs vested on September 1, 2025, with the remaining units vesting quarterly, subject to her continued board service on each vesting date.

Did Mary Lynne Hedley buy or sell Veeva Systems (VEEV) shares on the open market?

The reported Form 4 shows an exercise or conversion of 262 Restricted Stock Units into Class A common shares at $0.00 per share. It reflects a derivative conversion transaction, not an open-market purchase or sale, and is exempt from Section 16(b) under Rule 16b-6(b).

What does each Veeva Systems (VEEV) RSU held by Mary Lynne Hedley represent?

Each Restricted Stock Unit held by Mary Lynne Hedley represents a contingent right to receive one share of Veeva Systems Class A common stock. Shares are delivered as the RSUs vest over time, conditioned on her continued service on the company’s board of directors.

Under which plan were Mary Lynne Hedley’s Veeva Systems (VEEV) RSUs granted and how do they vest?

Her 1,049 RSUs were granted under Veeva Systems’ Amended & Restated 2013 Equity Incentive Plan. One quarter vested on September 1, 2025, with the remaining RSUs vesting equally on a quarterly schedule, subject to her continued service on the board at each vesting date.