Veeva officer exercises 6,000 options and reports sale at $306.62

Rhea-AI Filing Summary

Insider transactions at Veeva Systems (VEEV): An officer and director exercised 6,000 vested stock options at an exercise price of $135.49 on 10/07/2025 and simultaneously sold 6,000 Class A common shares in multiple trades at a weighted average price of $306.6156. After these transactions the reporting person beneficially owned 25,325 Class A shares and continues to hold options covering 7,100 shares that are exercisable through their listed expiration. The exercise was reported as exempt from short-swing liability under Rule 16b-6(b).

The Form 4 was filed and signed by an attorney-in-fact on 10/09/2025, and includes an undertaking to supply detailed sale-price breakdowns on request.

Positive

• Timely disclosure filed and signed on 10/09/2025
• Exemption claimed under Rule 16b-6(b), indicating compliance with short-swing rules
• Options fully vested for the 6,000 shares exercised, per the filing

Negative

• Insider reduced holdings by selling 6,000 Class A shares on 10/07/2025
• Beneficial ownership declined to 25,325 Class A shares after transactions

Insights

Equity Compensation Analyst

Officer exercised options and sold the resulting shares the same day.

The officer exercised 6,000 vested stock options at an exercise price of $135.49 on 10/07/2025, creating immediate ownership of those shares. The filings show a simultaneous sale of 6,000 Class A shares at a weighted average price of $306.6156, which suggests the shares obtained on exercise were the ones sold.

Key dependencies include the option expiration schedule and whether additional option exercises are planned; the reporting person still holds options for 7,100 shares exercisable through their listed expiration. Watch for further Form 4 filings near typical corporate reporting windows over the next 3–12 months.

Corporate Governance Specialist

Transactions were reported promptly and claim exemption from short-swing rules.

The Form 4 discloses that the exercise/sale was exempt under Rule 16b-6(b), and the filing was executed by an attorney-in-fact on 10/09/2025. The filer affirms availability of detailed trade-price breakdowns on request, which supports compliance transparency.

Material governance items to monitor include any subsequent changes in beneficial ownership and whether future exercises or sales reduce insider holdings further; such filings would appear in subsequent Section 16 reports within the coming months.

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
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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^*

Zuppas Eleni Nitsa

(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)
	President & Chief of Staff

3. Date of Earliest Transaction (Month/Day/Year)
10/07/2025

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	10/07/2025(1)		M		6,000	A	$135.49	31,325	D
Class A Common Stock	10/07/2025		S		6,000	D	$306.6156(2)	25,325	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
Stock Option (right to buy)	$135.49	10/07/2025(1)		M			6,000	(3)	04/10/2029	Class A Common Stock	6,000	$0	7,100	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. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $300.6155 to $306.6500 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

3. The option shares are fully vested and may be exercised at any time.

Remarks:

	/s/ Liang Dong, attorney-in-fact	10/09/2025
	** 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 transactions did the VEEV reporting person disclose on this Form 4?

The reporting person exercised 6,000 stock options at $135.49 on 10/07/2025 and sold 6,000 Class A shares at a weighted average price of $306.6156.

How many VEEV shares does the insider own after the reported transactions?

The reporting person beneficially owns 25,325 Class A common shares following the transactions.

Are there remaining exercisable options disclosed in the filing?

Yes; the filing shows options covering 7,100 Class A shares remain beneficially owned and are exercisable through their stated expiration.

Was the transaction subject to short-swing profit rules?

The filing states the transaction was exempt from Section 16(b) short-swing liability pursuant to Rule 16b-6(b).

When was the Form 4 signed and filed?

The Form 4 is signed by an attorney-in-fact on 10/09/2025.