Veeva Systems (NYSE: VEEV) director Form 4 shows 263 RSUs vested and 6,628 shares owned

Rhea-AI Filing Summary

Veeva Systems Inc. director reports equity award vesting and share acquisition. A board member filed a Form 4 for a transaction dated December 1, 2025. The filing shows the exercise/vesting of 263 Restricted Stock Units (RSUs), each converting into one share of Veeva Class A common stock at a price of $0, exempt from short-swing profit rules under Rule 16b-6(b). After this transaction, the reporting person beneficially owns 6,628 shares of Class A common stock directly and 524 RSUs as derivative securities. The RSUs come from a June 18, 2025 grant of 1,049 RSUs under Veeva’s Amended & Restated 2013 Equity Incentive Plan, with one quarter vesting on September 1, 2025 and the remainder vesting in equal quarterly installments 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^*

Hedley Mary Lynne

(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)		263	A	$0	6,628	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)	12/01/2025		M(1)			263	(3)	(3)	Class A Common Stock	263	$0	524	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	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.
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 insider transaction did Veeva Systems (VEEV) disclose in this Form 4?

The filing reports that a Veeva Systems director had 263 Restricted Stock Units (RSUs) convert into the same number of Class A common shares on December 1, 2025 at a price of $0.

How many Veeva Systems (VEEV) shares does the reporting person own after the transaction?

Following the reported transaction, the director beneficially owns 6,628 shares of Veeva Class A common stock and 524 RSUs as derivative securities.

What is the source and vesting schedule of the RSUs in this VEEV Form 4?

The RSUs stem from a June 18, 2025 grant of 1,049 RSUs under Veeva’s Amended & Restated 2013 Equity Incentive Plan. One quarter vested on September 1, 2025, with the remaining RSUs vesting in equal quarterly installments, subject to continued board service.

Is the Veeva Systems (VEEV) director considered a 10% owner in this filing?

No. The relationship box is checked only for Director, and the 10% Owner box is not marked.

How is this Veeva Systems (VEEV) transaction treated under Section 16 rules?

The transaction is described as exempt from Section 16(b) of the Exchange Act under Rule 16b-6(b), which covers certain equity award-related transactions.

What does each RSU represent in the Veeva Systems (VEEV) Form 4?

Each Restricted Stock Unit (RSU) represents a contingent right to receive one share of Veeva Class A common stock, as stated in the explanation of responses.