Veeva Systems (VEEV) officer reports RSU vesting activity

Rhea-AI Filing Summary

Veeva Systems Inc. reported routine equity compensation activity for one of its officers, who serves as President & Chief Customer Officer. On 01/01/2026, 2,042 Restricted Stock Units (RSUs) were converted into an equal number of Class A Common shares at an exercise price of $0, reflecting previously granted stock-based compensation.

On the same date, 631 Class A shares were withheld by Veeva to cover tax obligations related to the RSU vesting at a price of $223.23 per share, described as a non-market transaction. After these transactions, the officer beneficially owned 24,204 shares of Class A Common Stock directly. 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 the remainder vesting quarterly, contingent on 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).

X

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^*

Schwenger Thomas D.

(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)
	Pres. & Chief Customer Officer

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		2,042	A	$0(2)	24,835	D
Class A Common Stock	01/01/2026		F(3)		631(3)	D	$223.23	24,204	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			2,042	(4)	(4)	Class A Common Stock	2,042	$0	2,043	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 activity did Veeva Systems (VEEV) report in this Form 4?

The filing reports that a Veeva Systems officer had 2,042 RSUs convert into 2,042 Class A Common shares on 01/01/2026, and some of the resulting shares were withheld to satisfy taxes.

How many Veeva Systems RSUs vested and converted to shares on 01/01/2026?

On 01/01/2026, 2,042 Restricted Stock Units vested and were settled into 2,042 shares of Veeva Systems Class A Common Stock at an exercise price of $0 per share.

Why were 631 Veeva Systems shares withheld in this insider transaction?

The filing states that 631 Class A shares were withheld by Veeva Systems to satisfy tax withholding and remittance obligations related to the net settlement of vested RSUs, and this is described as not a market transaction.

How many Veeva Systems shares does the reporting person own after this Form 4 transaction?

After the reported RSU conversion and tax withholding, the officer beneficially owned 24,204 shares of Veeva Systems Class A Common Stock, held directly.

What are the terms of the Veeva Systems RSU grant mentioned in this filing?

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

What is an RSU in the context of Veeva Systems equity awards?

The filing explains that each Restricted Stock Unit (RSU) represents a contingent right to receive one share of Veeva Systems Class A Common Stock, generally delivered as the RSU vests.