Veeva Systems (VEEV) director discloses RSU vesting and trust-held shares

Rhea-AI Filing Summary

Veeva Systems Inc. director reports RSU-related share transaction. On 12/01/2025, a Veeva Systems director reported acquiring 254 shares of Class A common stock at a price of $0 through the vesting and settlement of previously granted restricted stock units, coded as transaction type "M," which is exempt from short-swing profit rules under Rule 16b-6(b). After this transaction, the director directly held 106,427 Class A shares.

In addition to the directly held shares, the filing shows indirect holdings in several irrevocable trusts, including 100,000 shares in a 2012 irrevocable trust, 100,002 shares in a 2013 irrevocable trust, and 50,000 shares in a 2012 irrevocable non-grantor trust, where the director may share voting and dispositive power but disclaims beneficial ownership beyond any pecuniary interest. The RSUs originated from a grant of 1,013 units on 06/18/2025, with one-quarter vesting on 09/01/2025 and the remainder vesting quarterly while the director continues to serve 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^*

Wallach Matthew J

(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)		254	A	$0	106,427	D
Class A Common Stock								100,000(2)	I	By Matt Wallach 2012 Irrevocable Trust dated October 15, 2012
Class A Common Stock								100,002(3)	I	By Matt Wallach 2013 Irrevocable Trust dated August 13, 2013
Class A Common Stock								50,000(4)	I	By Matt Wallach 2012 Irrevocable Non-Grantor Trust dated October 15, 2012

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	(5)	12/01/2025		M(1)			254	(6)	(6)	Class A Common Stock	254	$0	506	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 Matt Wallach 2012 Irrevocable Trust dated October 15, 2012 ("Trust I"). The Reporting Person may be deemed to share voting and dispositive power with regard to the reported shares held by Trust I. The Reporting Person disclaims beneficial ownership of the reported shares held by Trust I, except to the extent, if any, of his pecuniary interest therein.

3. Shares held by Matt Wallach 2013 Irrevocable Trust dated August 13, 2013 ("Trust II"). The Reporting Person may be deemed to share voting and dispositive power with regard to the reported shares held by Trust II. The Reporting Person disclaims beneficial ownership of the reported shares held by Trust II, except to the extent, if any, of his pecuniary interest therein.

4. Shares held by Matt Wallach 2012 Irrevocable Non-Grantor Trust dated October 15, 2012 ("Trust III"). The Reporting Person may be deemed to share voting and dispositive power with regard to the reported shares held by Trust III. The Reporting Person disclaims beneficial ownership of the reported shares held by Trust III, except to the extent, if any, of his pecuniary interest therein.

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

6. On June 18, 2025, the Reporting Person was granted 1,013 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	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.
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FAQ

What insider transaction did Veeva Systems (VEEV) disclose in this Form 4?

The filing reports that a Veeva Systems director acquired 254 shares of Class A common stock on 12/01/2025 at $0 per share through the settlement of restricted stock units.

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

Following the reported transaction, the director directly owned 106,427 shares of Veeva Systems Class A common stock.

What indirect Veeva Systems (VEEV) share holdings are reported through trusts?

The filing lists 100,000 shares held by a 2012 irrevocable trust, 100,002 shares held by a 2013 irrevocable trust, and 50,000 shares held by a 2012 irrevocable non-grantor trust, over which the director may share voting and dispositive power while disclaiming beneficial ownership beyond any pecuniary interest.

What is the basis for the 254-share acquisition reported for Veeva Systems (VEEV)?

The 254 shares came from the exercise and settlement of restricted stock units, recorded as transaction code "M," which the filing states is exempt from Section 16(b) under Rule 16b-6(b).

What are the vesting terms of the RSUs granted to the Veeva Systems (VEEV) director?

The director received 1,013 restricted stock units on 06/18/2025. According to the filing, 1/4 vested on 09/01/2025, with the remaining RSUs vesting in equal quarterly installments, subject to continued service on the board.

What role does the reporting person hold at Veeva Systems (VEEV)?

The reporting person is identified as a director of Veeva Systems Inc. and files the Form 4 as one reporting person.