Veeva Director Mark Carges Gets $200K+ in Stock Awards Amid Cloud Tech Growth

Rhea-AI Filing Summary

Mark T. Carges, Director at Veeva Systems (NYSE: VEEV), reported key insider transactions on June 18, 2025:

• Acquired 1,084 Restricted Stock Units (RSUs) with a $0 exercise price, convertible to Class A Common Stock
• RSUs vest over one year: 25% on September 1, 2025, followed by quarterly vesting, subject to continued service
• Transferred 357 shares of Class A Common Stock to the Mark Carges Revocable Trust dated 01/30/2019
• Currently holds 11,869 shares indirectly through the Trust, where he serves as trustee and beneficiary with shared voting and dispositive power

This Form 4 filing indicates ongoing equity-based compensation for board service and estate planning activities by the director. The transaction was executed under the company's Amended & Restated 2013 Equity Incentive Plan.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Carges Mark T

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Units	1,084	$0.00	--
holding	Class A Common Stock	--	--	--

Holdings After Transaction: Restricted Stock Units — 1,084 shares (Direct); Class A Common Stock — 11,869 shares (Indirect, By Mark Carges Revocable Trust dated 01/30/2019)

Footnotes (1)

1. The number of shares beneficially owned reflects the transfer of 357 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. The shares are held by the Trust. Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of Class A Common Stock of the Issuer. 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 1/4 of the RSUs vesting on September 1, 2025, and 1/4 of the RSUs vesting on a quarterly basis thereafter, subject to continued service to the Issuer by the Reporting Person.

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^*

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)
06/18/2025

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								11,869(1)	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)	06/18/2025		A		1,084		(4)	(4)	Class A Common Stock	1,084	$0	1,084	D

Explanation of Responses:

1. The number of shares beneficially owned reflects the transfer of 357 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.

2. The shares are 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. 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 1/4 of the RSUs vesting on September 1, 2025, and 1/4 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	06/20/2025
	** 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.
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.

FAQ

What insider transaction did VEEV director Mark Carges report on June 18, 2025?

On June 18, 2025, VEEV director Mark Carges received a grant of 1,084 Restricted Stock Units (RSUs). Each RSU represents a contingent right to receive one share of Veeva Systems' Class A Common Stock.

What is the vesting schedule for Mark Carges' new VEEV RSU grant?

The RSUs vest over one year with 1/4 of the RSUs vesting on September 1, 2025, and the remaining RSUs vesting quarterly thereafter, subject to Carges' continued service to Veeva Systems.

How many VEEV shares does Mark Carges indirectly own through his trust?

Mark Carges indirectly owns 11,869 shares of Veeva Systems Class A Common Stock through the Mark Carges Revocable Trust dated 01/30/2019, where he serves as trustee and beneficiary.

What was the purchase price of the RSUs granted to VEEV director Mark Carges?

The RSUs were granted at $0 cost to Mark Carges as part of Veeva Systems' Amended & Restated 2013 Equity Incentive Plan.

When did Mark Carges transfer shares to his trust at VEEV?

The filing indicates that Mark Carges transferred 357 shares of Class A Common Stock to the Mark Carges Revocable Trust dated 1/30/19, though the specific date of transfer is not disclosed in the Form 4.