Veeva Systems (NYSE: VEEV) director converts 253 RSUs into Class A stock

Rhea-AI Filing Summary

Veeva Systems director Matthew J. Wallach reported routine equity compensation activity involving Restricted Stock Units (RSUs). On June 1, 2026, he exercised 253 RSUs, receiving 253 shares of Class A Common Stock at a stated price of $0.00 per share, bringing his direct holdings to 106,933 Class A shares.

The filing also lists indirect holdings through three trusts: 50,000 Class A shares held by the Matt Wallach 2012 Irrevocable Non-Grantor Trust, 100,002 Class A shares held by the Matt Wallach 2013 Irrevocable Trust, and 100,000 Class A shares held by the Matt Wallach 2012 Irrevocable Trust. The footnotes state that Wallach may share voting and dispositive power over these trust shares and disclaims beneficial ownership except to the extent of any pecuniary interest.

According to the footnotes, the 1,013 RSUs underlying this award were granted on June 18, 2025 under Veeva’s Amended & Restated 2013 Equity Incentive Plan, with one quarter vesting on September 1, 2025 and the remainder vesting quarterly thereafter, conditioned on his continued board service. The transaction is described as an exercise or conversion of a derivative security and is noted as exempt from Section 16(b) short-swing profit rules under Rule 16b-6(b).

Insider Trade Summary

253 shares exercised/converted

Mixed 5 txns

Insider Wallach Matthew J

Role null

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	253	$0.00	--
Exercise	Class A Common Stock	253	$0.00	--
holding	Class A Common Stock	--	--	--
holding	Class A Common Stock	--	--	--
holding	Class A Common Stock	--	--	--

Holdings After Transaction: Restricted Stock Units — 0 shares (Direct, null); Class A Common Stock — 106,933 shares (Direct, null); Class A Common Stock — 100,000 shares (Indirect, By Matt Wallach 2012 Irrevocable Trust dated October 15, 2012)

Footnotes (1)

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. Shares held by Matt Wallach 2012 Irrevocable Trust dated October 15, 2012 ("Trust I"). The Reporting Person may be deemed to share voting and dispositive power with regard to the reported shares held by Trust I. The Reporting Person disclaims beneficial ownership of the reported shares held by Trust I, except to the extent, if any, of his pecuniary interest therein. Shares held by Matt Wallach 2013 Irrevocable Trust dated August 13, 2013 ("Trust II"). The Reporting Person may be deemed to share voting and dispositive power with regard to the reported shares held by Trust II. The Reporting Person disclaims beneficial ownership of the reported shares held by Trust II, except to the extent, if any, of his pecuniary interest therein. Shares held by Matt Wallach 2012 Irrevocable Non-Grantor Trust dated October 15, 2012 ("Trust III"). The Reporting Person may be deemed to share voting and dispositive power with regard to the reported shares held by Trust III. The Reporting Person disclaims beneficial ownership of the reported shares held by Trust III, except to the extent, if any, of his pecuniary interest therein. Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of Class A Common Stock of the Issuer. On June 18, 2025, the Reporting Person was granted 1,013 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.

Key Figures

RSUs exercised: 253 units Direct Class A holdings: 106,933 shares Trust III holdings: 50,000 shares +4 more

7 metrics

RSUs exercised 253 units Converted into 253 shares of Class A Common Stock on June 1, 2026

Direct Class A holdings 106,933 shares Shares of Veeva Systems Class A Common Stock following RSU conversion

Trust III holdings 50,000 shares Class A shares held by Matt Wallach 2012 Irrevocable Non-Grantor Trust

Trust II holdings 100,002 shares Class A shares held by Matt Wallach 2013 Irrevocable Trust

Trust I holdings 100,000 shares Class A shares held by Matt Wallach 2012 Irrevocable Trust

RSU grant size 1,013 RSUs Granted June 18, 2025 under Amended & Restated 2013 Equity Incentive Plan

Initial RSU vesting 25% of 1,013 RSUs First tranche vested on September 1, 2025, remainder vesting quarterly

Key Terms

Restricted Stock Unit ("RSU"), Section 16(b), Rule 16b-6(b), disclaims beneficial ownership, +2 more

6 terms

Restricted Stock Unit ("RSU") financial

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

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

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

disclaims beneficial ownership financial

"The Reporting Person disclaims beneficial ownership of the reported shares held by Trust I"

pecuniary interest financial

"except to the extent, if any, of his pecuniary interest therein"

Amended & Restated 2013 Equity Incentive Plan financial

"the Reporting Person was granted 1,013 RSUs under the Issuer's Amended & Restated 2013 Equity Incentive Plan"

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Form 4 Insider Transactions: What Each Field Means →

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^*

Wallach Matthew J

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/01/2026

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	06/01/2026		M(1)		253	A	$0	106,933	D
Class A Common Stock								100,000(2)	I	By Matt Wallach 2012 Irrevocable Trust dated October 15, 2012
Class A Common Stock								100,002(3)	I	By Matt Wallach 2013 Irrevocable Trust dated August 13, 2013
Class A Common Stock								50,000(4)	I	By Matt Wallach 2012 Irrevocable Non-Grantor Trust dated October 15, 2012

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	(5)	06/01/2026		M(1)			253	(6)	(6)	Class A Common Stock	253	$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. Shares held by Matt Wallach 2012 Irrevocable Trust dated October 15, 2012 ("Trust I"). The Reporting Person may be deemed to share voting and dispositive power with regard to the reported shares held by Trust I. The Reporting Person disclaims beneficial ownership of the reported shares held by Trust I, except to the extent, if any, of his pecuniary interest therein.

3. Shares held by Matt Wallach 2013 Irrevocable Trust dated August 13, 2013 ("Trust II"). The Reporting Person may be deemed to share voting and dispositive power with regard to the reported shares held by Trust II. The Reporting Person disclaims beneficial ownership of the reported shares held by Trust II, except to the extent, if any, of his pecuniary interest therein.

4. Shares held by Matt Wallach 2012 Irrevocable Non-Grantor Trust dated October 15, 2012 ("Trust III"). The Reporting Person may be deemed to share voting and dispositive power with regard to the reported shares held by Trust III. The Reporting Person disclaims beneficial ownership of the reported shares held by Trust III, except to the extent, if any, of his pecuniary interest therein.

5. Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of Class A Common Stock of the Issuer.

6. On June 18, 2025, the Reporting Person was granted 1,013 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	06/03/2026
	** 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)

FAQ

What insider transaction did Matthew J. Wallach report for Veeva Systems (VEEV)?

Matthew J. Wallach reported exercising 253 Restricted Stock Units into 253 shares of Veeva Systems Class A Common Stock. This raised his direct holdings to 106,933 shares, reflecting routine equity compensation rather than an open-market purchase or sale.

How many Veeva Systems (VEEV) shares does Matthew J. Wallach hold directly after this Form 4?

After the reported RSU exercise, Matthew J. Wallach directly holds 106,933 shares of Veeva Systems Class A Common Stock. These shares result from equity awards and do not include additional indirect holdings held through several irrevocable trusts.

What indirect Veeva Systems (VEEV) holdings are associated with Matthew J. Wallach?

The filing shows 50,000 shares held by a 2012 Non-Grantor Trust, 100,002 shares by a 2013 Irrevocable Trust, and 100,000 shares by a 2012 Irrevocable Trust. Wallach may share voting and dispositive power but disclaims beneficial ownership except for any pecuniary interest.

What are the key terms of Matthew J. Wallach’s 2025 RSU grant from Veeva Systems (VEEV)?

On June 18, 2025, Wallach received 1,013 Restricted Stock Units under Veeva’s Amended & Restated 2013 Equity Incentive Plan. One quarter vested on September 1, 2025, with remaining units vesting quarterly, contingent on continued service on Veeva’s board of directors.

Is Matthew J. Wallach’s Veeva Systems (VEEV) transaction an open-market trade?

The reported activity is not an open-market trade; it is an exercise or conversion of 253 Restricted Stock Units into Veeva Class A shares at a stated price of $0.00. The transaction is exempt from Section 16(b) short-swing rules under Rule 16b-6(b).