Veeva CAO settles RSUs, pays taxes in shares

Veeva Systems Chief Accounting Officer Vipin Kondath reported routine equity compensation activity involving restricted stock units (RSUs) and related tax withholding.

Rhea-AI Filing Summary

Veeva Systems Chief Accounting Officer Vipin Kondath reported routine equity compensation activity involving restricted stock units (RSUs) and related tax withholding. On April 1, 2026, RSUs covering 2,603 shares of Class A Common Stock were converted into shares, and 957 shares were withheld to satisfy tax obligations at $172.74 per share. After these transactions, Kondath directly held 2,676 shares of Class A Common Stock. The filing notes these events are exempt from Section 16(b) and that the tax-withholding entries are not market transactions.

Insights

Equity compensation analyst

Routine RSU vesting with tax withholding; no open-market buying or selling.

The transactions show Vipin Kondath converting RSUs into Class A Common Stock and using a portion of the vested shares to cover tax liabilities. Codes M and F, plus the footnotes, indicate standard equity compensation mechanics rather than discretionary trading.

The filing reports 2,603 shares acquired via RSU conversion and 957 shares withheld at $172.74 to satisfy taxes, leaving 2,676 shares directly owned. Footnotes emphasize exemptions under Section 16(b) and clarify that tax withholding is not a market transaction, so informational value for sentiment is limited.

Insider Trade Summary

2,603 shares exercised/converted

Exercise 6 txns

Insider Kondath Vipin

Role Chief Accounting Officer

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Unit	2,500	$0.00	$0.00
Exercise	Restricted Stock Unit	103	$0.00	$0.00
Exercise	Class A Common Stock	2,500	$0.00	$0.00
Exercise Price or Tax Liability	Class A Common Stock	914	$172.74	$158K
Exercise	Class A Common Stock	103	$0.00	$0.00
Exercise Price or Tax Liability	Class A Common Stock	43	$172.74	$7K

Holdings After Transaction: Restricted Stock Unit — 0 contracts (Direct); Class A Common Stock — 2,676 shares (Direct)

Footnotes (5)

1. F1. 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. F2. Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of Class A Common Stock of the Issuer.
3. F3. Represents shares that have been withheld by the Issuer to satisfy tax withholding and remittance obligations in connection with the net settlement of vested restricted stock units and not a market transaction. Transaction exempt from Section 16(b) of the Act pursuant to Rule 16b-3(e) promulgated under the Act.
4. F4. The RSUs were granted under the Issuer's Amended & Restated 2013 Equity Incentive Plan (the "Plan"). The Reporting Person vests 100% ownership in this RSU on April 1, 2026, subject to continued service to the Issuer by the Reporting Person.
5. F5. The RSUs were granted under the Plan. The Reporting Person vests ownership in the RSUs over one year with 25% vesting on July 1, 2025, and 25% vesting on a quarterly basis thereafter, subject to continued service to the Issuer by the Reporting Person.

Key Figures

RSU-derived shares acquired: 2,603 shares Shares withheld for taxes: 957 shares Tax withholding price: $172.74 per share +2 more

5 metrics

RSU-derived shares acquired 2,603 shares Underlying shares from RSU exercises on April 1, 2026

Shares withheld for taxes 957 shares Tax withholding on RSU vesting at $172.74 per share

Tax withholding price $172.74 per share Value used for Class A Common Stock tax-withholding entries

Shares held after transactions 2,676 shares Direct ownership of Class A Common Stock post-Form 4

Section 16(b) exemption rules cited Rule 16b-6(b) and Rule 16b-3(e) Exemptions for derivative exercises and tax-withholding dispositions

Key Terms

Restricted Stock Unit, Section 16(b), Rule 16b-6(b), Rule 16b-3(e), +2 more

6 terms

Restricted Stock Unit financial

"Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share"

A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.

Section 16(b) regulatory

"Transaction exempt from Section 16(b) of the Securities Exchange Act of 1934"

A federal rule that requires company insiders—like officers, directors and large shareholders—to return any profits made from buying and selling the company’s stock within a six-month window. It matters to investors because it discourages short-term trades that could exploit non-public information and helps protect outside shareholders by creating a simple, enforceable way to recover unfair gains, much like a rule stopping someone from flipping a limited-edition item for quick profit after getting early access.

Rule 16b-6(b) regulatory

"exempt from Section 16(b) ... pursuant to Rule 16b-6(b) promulgated under the Act"

Rule 16b-3(e) regulatory

"Transaction exempt from Section 16(b) of the Act pursuant to Rule 16b-3(e)"

net settlement financial

"in connection with the net settlement of vested restricted stock units"

Equity Incentive Plan financial

"The RSUs were granted under the Issuer's Amended & Restated 2013 Equity Incentive Plan"

An equity incentive plan is a program that gives employees, executives or directors the right to receive company stock or options to buy stock as part of their pay. Think of it as offering slices of future company profit to motivate people to boost long‑term performance; for investors it matters because it can align employee goals with shareholder value but also increases the number of shares outstanding, which can dilute existing ownership.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Veeva Systems (VEEV) insider Vipin Kondath report on this Form 4?

Vipin Kondath reported RSU vesting and related share withholding, not open-market trades. RSUs for 2,603 shares of Class A Common Stock were converted, and 957 shares were withheld to cover taxes, leaving 2,676 shares directly owned after the transactions.

Did Veeva Systems (VEEV) Chief Accounting Officer buy or sell shares in the market?

The filing shows no open-market buying or selling. Shares were acquired through RSU conversions (code M) and a portion was disposed of via tax withholding (code F). Footnotes clarify these are compensation-related events and explicitly state tax withholding is not a market transaction.

How many Veeva Systems (VEEV) shares did Vipin Kondath hold after these transactions?

After the reported transactions, Vipin Kondath directly held 2,676 shares of Veeva Systems Class A Common Stock. This figure reflects RSU conversions totaling 2,603 shares and tax withholding of 957 shares used to satisfy associated tax obligations on the vested RSUs.

What was the tax withholding price in the Veeva Systems (VEEV) Form 4 filing?

Shares withheld to cover taxes were valued at $172.74 per share. A total of 957 shares of Class A Common Stock were used to satisfy tax withholding and remittance obligations arising from net settlement of vested RSUs, according to the Form 4 footnotes.

How many restricted stock units vested or converted in this Veeva Systems (VEEV) filing?

The filing shows RSU-related derivative exercises covering 2,603 underlying shares. Two RSU entries, for 2,500 and 103 underlying shares, were converted into Class A Common Stock, consistent with footnotes stating each RSU represents a contingent right to receive one share.

Are the Veeva Systems (VEEV) insider transactions exempt under Section 16(b)?

Yes. Footnotes state the RSU-related transactions are exempt from Section 16(b) under Rule 16b-6(b), and the tax-withholding dispositions are exempt under Rule 16b-3(e). These rules cover derivative exercises and issuer-directed share withholding for compensation and tax purposes.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 04/03/2026 - 04:05 PM Learn about SEC filing dates

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^*

Kondath Vipin

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Accounting Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/01/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form 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)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	04/01/2026(1)		M		2,500	A	$0(2)	3,530	D
Class A Common Stock	04/01/2026		F(3)		914(3)	D	$172.74	2,616	D
Class A Common Stock	04/01/2026(1)		M		103	A	$0(2)	2,719	D
Class A Common Stock	04/01/2026		F(3)		43(3)	D	$172.74	2,676	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 Unit	(2)	04/01/2026(1)		M			2,500	(4)	(4)	Class A Common Stock	2,500	$0	0	D
Restricted Stock Unit	(2)	04/01/2026(1)		M			103	(5)	(5)	Class A Common Stock	103	$0	0	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. Represents shares that have been withheld by the Issuer to satisfy tax withholding and remittance obligations in connection with the net settlement of vested restricted stock units and not a market transaction. Transaction exempt from Section 16(b) of the Act pursuant to Rule 16b-3(e) promulgated under the Act.

4. The RSUs were granted under the Issuer's Amended & Restated 2013 Equity Incentive Plan (the "Plan"). The Reporting Person vests 100% ownership in this RSU on April 1, 2026, subject to continued service to the Issuer by the Reporting Person.

5. The RSUs were granted under the Plan. The Reporting Person vests ownership in the RSUs over one year with 25% vesting on July 1, 2025, and 25% vesting on a quarterly basis thereafter, subject to continued service to the Issuer by the Reporting Person.

Remarks:

	/s/ Liang Dong, attorney-in-fact	04/03/2026
	** 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).
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)