[Form 4] VEEVA SYSTEMS INC Insider Trading Activity

Rhea-AI Filing Summary

Thomas D. Schwenger, President & Chief Customer Officer of Veeva Systems Inc. (VEEV), reported equity activity tied to vested restricted stock units and a preplanned sale. On 10/01/2025 2,043 RSUs vested (each convertible into one share) and 894 shares were withheld to satisfy tax obligations leaving 27,123 shares owned. On 10/02/2025 the reporting person sold 3,350 shares under a Rule 10b5-1 trading plan at a weighted average price of $300.0417, resulting in 23,773 shares beneficially owned following the transactions. The Form 4 was signed on 10/03/2025 by an attorney-in-fact.

Positive

• 2,043 RSUs vested, converting to 2,043 shares as compensation
• Tax withholding of 894 shares implemented via net settlement rather than open-market sale

Negative

• 3,350 shares sold under a Rule 10b5-1 plan at a weighted average of $300.0417, reducing beneficial ownership to 23,773 shares

Insights

Corporate Governance Analyst

Insider received vested compensation and executed a preplanned sale; both are routine corporate actions.

The 2,043 vested RSUs reflect compensation converting into shares at $0 cost to the reporting person, with 894 shares withheld for taxes rather than sold on market which is a non-market tax withholding event.

The 3,350 share sale on 10/02/2025 was effected under a Rule 10b5-1 plan adopted on 1/07/2025, indicating the trades were preplanned and not necessarily contemporaneous insider decisions.

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).

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)
10/01/2025

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	10/01/2025(1)		M		2,043	A	$0(2)	28,017	D
Class A Common Stock	10/01/2025		F(3)		894(3)	D	$293.26	27,123	D
Class A Common Stock	10/02/2025		S(4)		3,350	D	$300.0417(5)	23,773	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)	10/01/2025(1)		M			2,043	(6)	(6)	Class A Common Stock	2,043	$0	4,085	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 sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on January 7, 2025.

5. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $300.0000 to $300.0600 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

6. 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	10/03/2025
	** 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 did VEEV insider Thomas Schwenger report on Form 4?

The report shows 2,043 RSUs vested on 10/01/2025, 894 shares withheld for taxes, and a sale of 3,350 shares on 10/02/2025.

How many VEEV shares does Thomas Schwenger beneficially own after these transactions?

Following the transactions the reporting person beneficially owned 23,773 shares.

At what price were the VEEV shares sold?

The 3,350 shares were sold at a weighted average price of $300.0417, with individual trade prices ranging from $300.00 to $300.06.

Were the sales discretionary or preplanned?

The sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on 1/07/2025.

Why were 894 shares reported as disposed of on 10/01/2025?

Those 894 shares were withheld by the issuer to satisfy tax withholding obligations in connection with net settlement of vested RSUs; the Form states this was not a market transaction.