Veeva Systems (NYSE: VEEV) CAO discloses RSU vesting and 43-share tax withholding

Rhea-AI Filing Summary

Veeva Systems Inc. insider reports equity award activity and tax withholding. The company’s Chief Accounting Officer filed details of a restricted stock unit (RSU) vesting and related share movements effective 01/01/2026. A total of 103 Class A common shares were acquired upon RSU vesting at an exercise price of $0, and the insider’s beneficial ownership changed to 1,073 shares after this step. On the same date, 43 shares were withheld by the issuer at a price of $223.23 per share to cover tax obligations from the net settlement of vested RSUs, leaving the insider with 1,030 shares held directly.

The RSUs were granted under Veeva’s Amended & Restated 2013 Equity Incentive Plan and vest over one year, with 25% on July 1, 2025 and additional 25% quarterly thereafter, subject to continued service. The filing notes these transactions are exempt from certain short-swing profit rules under Section 16(b) of the Securities Exchange Act.

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^*

Kondath Vipin

(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)

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

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

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	01/01/2026(1)		M		103	A	$0(2)	1,073	D
Class A Common Stock	01/01/2026		F(3)		43(3)	D	$223.23	1,030	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)	01/01/2026(1)		A			103	(4)	(4)	Class A Common Stock	103	$0	103	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	01/05/2026
	** 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) report in this Form 4?

The Chief Accounting Officer reported the vesting of 103 restricted stock units, which converted into 103 shares of Veeva Systems Class A common stock on 01/01/2026, and a related tax withholding transaction.

How many Veeva Systems (VEEV) shares did the insider receive and at what price?

The insider acquired 103 shares of Class A common stock upon RSU vesting at an exercise price of $0 per share, reflecting that RSUs convert into shares without a cash exercise price.

Why were some Veeva Systems (VEEV) shares disposed of in this filing?

The filing shows 43 shares were withheld and disposed of by the issuer at $223.23 per share to satisfy tax withholding and remittance obligations related to the net settlement of vested restricted stock units.

What is the insider’s Veeva Systems (VEEV) share ownership after these transactions?

After the RSU vesting and the tax withholding transaction on 01/01/2026, the Chief Accounting Officer beneficially owns 1,030 shares of Veeva Systems Class A common stock held directly.

How do the Veeva Systems (VEEV) RSUs vest for this insider?

The RSUs were granted under the Amended & Restated 2013 Equity Incentive Plan. Ownership vests over one year, with 25% vesting on July 1, 2025, and 25% vesting quarterly thereafter, subject to the insider’s continued service.

Are these Veeva Systems (VEEV) insider transactions exempt from short-swing profit rules?

Yes. The RSU-related acquisition is described as exempt under Rule 16b-6(b), and the tax withholding transaction is described as exempt under Rule 16b-3(e) of the Securities Exchange Act Section 16(b).

What does each Veeva Systems (VEEV) RSU represent in this filing?

Each restricted stock unit reported represents a contingent right to receive one share of Veeva Systems Class A common stock upon vesting, as stated in the explanation of responses.