Veeva Systems (NYSE: VEEV) director adds shares through 262-unit RSU conversion

Rhea-AI Filing Summary

Veeva Systems director Priscilla Hung increased her direct ownership through RSU vesting and conversion. On March 1, 2026, 262 Restricted Stock Units were exercised or converted into 262 shares of Class A Common Stock at a stated price of $0.00 per share.

Following this derivative exercise, Hung directly owned 4,753 shares of Class A Common Stock. The RSUs stem from a grant of 1,049 RSUs made on June 18, 2025 under Veeva’s Amended & Restated 2013 Equity Incentive Plan, which vests over time 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

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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^*

Hung Priscilla

(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	4,753	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).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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FAQ

What insider transaction did VEEVA SYSTEMS INC (VEEV) report for Priscilla Hung?

Veeva Systems reported that director Priscilla Hung acquired shares through RSU conversion. On March 1, 2026, 262 Restricted Stock Units were exercised or converted into 262 shares of Class A Common Stock, increasing her direct ownership to 4,753 shares.

How many VEEVA SYSTEMS INC (VEEV) shares does Priscilla Hung own after this Form 4?

After the March 1, 2026 transactions, director Priscilla Hung directly owns 4,753 shares of Veeva Systems Class A Common Stock. This reflects the addition of 262 shares received from the exercise or conversion of Restricted Stock Units previously granted under the company’s equity plan.

What was the size of the RSU-related transaction reported by VEEV for Priscilla Hung?

The reported transaction involved 262 Restricted Stock Units and 262 shares of Class A Common Stock. Each RSU represents a contingent right to receive one share, so the derivative exercise converted all 262 RSUs into an equal number of Class A Common shares at a stated price of $0.00.

When were the Restricted Stock Units granted to VEEVA SYSTEMS INC (VEEV) director Priscilla Hung?

The RSUs were granted on June 18, 2025 under Veeva Systems’ Amended & Restated 2013 Equity Incentive Plan. The grant covered 1,049 RSUs, with one quarter vesting on September 1, 2025 and the remainder vesting quarterly, subject to continued board service on each vesting date.

How do Priscilla Hung’s RSUs in VEEVA SYSTEMS INC (VEEV) vest over time?

Priscilla Hung’s 1,049 RSUs vest on a time-based schedule. One quarter vested on September 1, 2025, and the remaining RSUs vest in equal quarterly installments afterward, provided she continues serving on Veeva Systems’ board of directors on each applicable vesting date.

What does the Form 4 say about the nature of the RSUs at VEEVA SYSTEMS INC (VEEV)?

Each Restricted Stock Unit represents a contingent right to receive one share of Veeva Systems Class A Common Stock. When RSUs vest and are exercised or converted, they deliver an equivalent number of Class A shares to the reporting person, as reflected in this filing.