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Veeva Systems (NYSE: VEEV) director granted 1,970 RSUs and reports trust holdings

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Carges Mark T reported acquisition or exercise transactions in this Form 4 filing.

Veeva Systems director Mark T. Carges reported a grant of 1,970 Restricted Stock Units, each representing one share of Class A Common Stock. The RSUs were granted under the Amended & Restated 2013 Equity Incentive Plan and vest over one year, with one quarter vesting on September 1, 2026 and the remainder vesting quarterly, subject to his continued service. A revocable trust associated with him now holds 12,953 Class A shares, reflecting a transfer of 271 shares into the trust.

Positive

  • None.

Negative

  • None.
Insider Carges Mark T
Role null
Type Security Shares Price Value
Grant/Award Restricted Stock Units 1,970 $0.00 --
holding Class A Common Stock -- -- --
Holdings After Transaction: Restricted Stock Units — 1,970 shares (Direct, null); Class A Common Stock — 12,953 shares (Indirect, By Mark Carges Revocable Trust dated 01/30/2019)
Footnotes (1)
  1. The number of shares beneficially owned reflects the transfer of 271 shares of Class A Common Stock from the Reporting Person to the Mark Carges Revocable Trust dtd 1/30/19 (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. Shares held by 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. Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of Class A Common Stock of the Issuer. 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 1/4 of the RSUs vesting on September 1, 2026, and 1/4 of the RSUs vesting on a quarterly basis thereafter, subject to continued service to the Issuer by the Reporting Person.
RSUs granted 1,970 RSUs Grant to Mark T. Carges on June 17, 2026
Trust share holdings 12,953 shares Class A Common Stock held indirectly by revocable trust
Share transfer to trust 271 shares Transfer from reporting person to Mark Carges Revocable Trust
Initial vesting date September 1, 2026 1/4 of RSUs vest on this date
Vesting schedule Quarterly after initial date Remaining RSUs vest quarterly after September 1, 2026
Restricted Stock Unit ("RSU") financial
"Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share"
Amended & Restated 2013 Equity Incentive Plan financial
"The RSUs were granted under the Issuer's Amended & Restated 2013 Equity Incentive Plan"
beneficially owned financial
"The number of shares beneficially owned reflects the transfer of 271 shares"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
voting and dispositive power financial
"may be deemed to share voting and dispositive power with regard to the reported shares"
contingent right financial
"Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share"
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SEC Form 4
FORM 4UNITED 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*
Carges Mark T

(Last)(First)(Middle)
C/O VEEVA SYSTEMS INC.
4280 HACIENDA DRIVE

(Street)
PLEASANTON CALIFORNIA 94588

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
VEEVA SYSTEMS INC [ VEEV ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/17/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
CodeVAmount(A) or (D)Price
Class A Common Stock12,953(1)IBy Mark Carges Revocable Trust dated 01/30/2019(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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Units(3)06/17/2026A1,970 (4) (4)Class A Common Stock1,970$01,970D
Explanation of Responses:
1. The number of shares beneficially owned reflects the transfer of 271 shares of Class A Common Stock from the Reporting Person to the Mark Carges Revocable Trust dtd 1/30/19 (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.
2. Shares held by 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. 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 1/4 of the RSUs vesting on September 1, 2026, and 1/4 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-fact06/22/2026
** Signature of Reporting PersonDate
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.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did VEEVA SYSTEMS INC (VEEV) director Mark Carges report?

Mark T. Carges reported receiving a grant of 1,970 Restricted Stock Units. Each RSU represents a contingent right to one share of Veeva Systems Class A Common Stock, awarded under the company’s Amended & Restated 2013 Equity Incentive Plan as part of his director compensation.

How do the 1,970 RSUs granted to VEEV director Mark Carges vest?

The 1,970 RSUs vest over one year, with 1/4 vesting on September 1, 2026. The remaining RSUs vest on a quarterly basis thereafter, and vesting is conditioned on Mark Carges’ continued service to Veeva Systems as disclosed in the filing footnotes.

How many VEEVA SYSTEMS INC Class A shares are held by the Mark Carges Revocable Trust?

After a reported transfer, the Mark Carges Revocable Trust holds 12,953 shares of Veeva Systems Class A Common Stock. Mark Carges is both trustee and beneficiary, and may be deemed to share voting and dispositive power over the shares held by the trust.

What share transfer involving VEEVA SYSTEMS INC stock is mentioned for Mark Carges?

The filing notes a transfer of 271 shares of Veeva Systems Class A Common Stock from Mark Carges to the Mark Carges Revocable Trust. This transfer is reflected in the beneficially owned share count associated with the trust in the Form 4 footnotes.

What does each Restricted Stock Unit granted to VEEV director Mark Carges represent?

Each Restricted Stock Unit granted to Mark Carges represents a contingent right to receive one share of Veeva Systems Class A Common Stock. These RSUs are part of his equity compensation and are subject to vesting conditions tied to continued service with the company.

Under which plan were the 1,970 RSUs for VEEV director Mark Carges granted?

The 1,970 RSUs granted to Mark Carges were issued under Veeva Systems’ Amended & Restated 2013 Equity Incentive Plan. This plan governs equity awards to eligible participants, including directors, and specifies vesting terms, conditions, and the form of underlying Class A Common Stock.