Veeva Systems (NYSE: VEEV) director converts RSUs and updates share holdings

Rhea-AI Filing Summary

Veeva Systems Inc. director reports equity award vesting and share acquisition. On 12/01/2025, a director of Veeva Systems Inc. (VEEV) converted 263 Restricted Stock Units into 263 shares of Class A common stock at an exercise price of $0 under the company’s Amended and Restated 2013 Equity Incentive Plan. After this transaction, the director beneficially owns 525 Class A shares directly and 5,500 Class A shares indirectly through the Cabral Family Trust. The director also continues to hold 524 Restricted Stock Units, each representing a contingent right to receive one share of Class A common stock, with vesting scheduled quarterly following an initial vesting date on September 1, 2025, 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

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^*

Cabral Timothy S

(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)		263	A	$0	525	D
Class A Common Stock								5,500	I	By the Cabral Family Trust, dated April 17, 2001(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)			263	(4)	(4)	Class A Common Stock	263	$0	524	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 Cabral Family Trust (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 1,049 RSUs, under the Issuer's Amended and 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.
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 Veeva Systems (VEEV) report in this Form 4?

A Veeva Systems Inc. director reported the conversion of 263 Restricted Stock Units into 263 shares of Class A common stock on 12/01/2025 at an exercise price of $0.

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

Following the transaction, the director beneficially owns 525 Class A shares directly and 5,500 Class A shares indirectly through the Cabral Family Trust.

What are the terms of the director’s Restricted Stock Units at Veeva Systems (VEEV)?

On June 18, 2025, the director was granted 1,049 Restricted Stock Units. One quarter vested on September 1, 2025, and the remaining units vest equally on a quarterly basis thereafter, subject to continued service on the board.

How many Restricted Stock Units remain outstanding for the Veeva Systems (VEEV) director?

After the reported transaction, the director holds 524 Restricted Stock Units, each representing a contingent right to receive one share of Class A common stock.

What is the Cabral Family Trust’s role in the Veeva Systems (VEEV) holdings?

The Cabral Family Trust holds 5,500 Class A shares of Veeva Systems Inc. The reporting person is a trustee and beneficiary of the trust and may be deemed to share voting and dispositive power over those shares.

Is the reported Veeva Systems (VEEV) transaction exempt from Section 16(b)?

Yes. The transaction is described as exempt from Section 16(b) of the Securities Exchange Act of 1934 pursuant to Rule 16b-6(b).