Veeva Systems (VEEV) officer converts RSUs and withholds shares for taxes

Rhea-AI Filing Summary

Veeva Systems Inc. insider reports RSU vesting and tax withholding. On 01/01/2026, an officer of Veeva Systems Inc. (VEEV), serving as President & Chief of Staff, exercised 1,498 Restricted Stock Units (RSUs), converting them into the same number of Class A common shares at an exercise price of $0. To cover tax withholding tied to this vesting, 581 shares of Class A common stock were withheld by the company at a price of $223.23 per share, which is not a market sale. After these transactions, the reporting person directly held 26,242 shares of Class A common stock. The RSUs were granted under Veeva’s Amended & Restated 2013 Equity Incentive Plan and vest over one year, with 25% vesting on July 1, 2025 and additional 25% tranches vesting quarterly thereafter, subject to continued 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^*

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)
01/01/2026

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	01/01/2026(1)		M		1,498	A	$0(2)	26,823	D
Class A Common Stock	01/01/2026		F(3)		581(3)	D	$223.23	26,242	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)	01/01/2026(1)		M			1,498	(4)	(4)	Class A Common Stock	1,498	$0	1,498	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 Reporting Person vests ownership in the RSUs over one year with 25% vesting on July 1, 2025, and 25% 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-fact	01/05/2026
	** 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 on this Form 4?

The filing reports that an officer of Veeva Systems Inc. (VEEV) converted 1,498 Restricted Stock Units (RSUs) into Class A common shares on 01/01/2026, and had some shares withheld to satisfy tax obligations.

How many Veeva Systems (VEEV) shares did the insider receive and at what price?

The insider received 1,498 shares of Veeva Class A common stock upon RSU vesting at an exercise price of $0 per share, reflecting the standard RSU structure where each unit converts into one share without additional cash payment.

Why were 581 Veeva Systems (VEEV) shares marked as disposed of in the Form 4?

The 581 shares shown as disposed of were withheld by the issuer to satisfy tax withholding and remittance obligations related to the net settlement of vested RSUs, at a price of $223.23 per share, and do not represent an open-market sale.

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

Following the reported RSU vesting and tax withholding, the reporting person directly owns 26,242 shares of Veeva Systems Class A common stock.

What is the role of the reporting person at Veeva Systems Inc. (VEEV)?

The reporting person is an officer of Veeva Systems Inc., serving as President & Chief of Staff, as indicated in the relationship section of the filing.

How do the Veeva Systems (VEEV) RSUs reported here vest over time?

The RSUs were granted under Veeva’s Amended & Restated 2013 Equity Incentive Plan. Ownership in these RSUs vests over one year, with 25% vesting on July 1, 2025 and 25% of the RSUs vesting on a quarterly basis thereafter, subject to the reporting person’s continued service.

Are the Veeva Systems (VEEV) insider transactions exempt from Section 16(b) short-swing profit rules?

The filing states that the RSU-related transaction is exempt from Section 16(b) of the Securities Exchange Act pursuant to Rule 16b-6(b), and the tax withholding transaction is exempt pursuant to Rule 16b-3(e).