Veeva (VEEV) Director RSUs Vest: 253 Shares Converted on 09/01/2025

Paul J. Sekhri, a director of Veeva Systems Inc. (VEEV), reported vesting of restricted stock units that converted into 253 shares of Class A common stock on September 1, 2025.

Rhea-AI Filing Summary

Paul J. Sekhri, a director of Veeva Systems Inc. (VEEV), reported vesting of restricted stock units that converted into 253 shares of Class A common stock on September 1, 2025. The Form 4 shows the transaction code M indicating a sale following vesting, with a reported price of $0 for the vested RSUs because RSUs convert into shares rather than require purchase. After the reported transaction the reporting person beneficially owned 16,922 shares of Class A common stock. The filing notes the RSUs were granted June 18, 2025 under the company equity incentive plan, with one-quarter vesting on September 1, 2025 and the remainder vesting quarterly thereafter, subject to continued board service. The transaction is reported as exempt from Section 16(b) under Rule 16b-6(b).

Positive

• 253 RSUs vested and converted into 253 shares on 09/01/2025
• Post-transaction beneficial ownership of 16,922 shares is disclosed

Negative

• None.

Insights

Securities Analyst

Routine director RSU vesting; no material change to control or capital structure.

The filing documents a standard equity compensation event: 253 RSUs vested and converted into 253 shares of Class A common stock on 09/01/2025, increasing reported beneficial ownership to 16,922 shares. The grant date (06/18/2025) and vesting schedule are disclosed, and the report cites Rule 16b-6(b) for exemption from short-swing profit liability. This is a typical, non-material insider transaction reflecting compensation vesting for continued board service rather than a strategic transaction.

Corporate Governance Expert

Disclosure aligns with standard governance practices for director equity awards.

The Form 4 provides required detail: grant date, vesting tranche (1/4 on 09/01/2025), remaining quarterly vesting, and post-transaction beneficial ownership. The signature by an attorney-in-fact is included. All material details present in the filing indicate proper reporting of a routine RSU vesting event under the companys equity plan.

Insider Trade Summary

253 shares exercised/converted

Exercise 2 txns

Insider SEKHRI PAUL J

Role Director

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

Holdings After Transaction: Restricted Stock Units — 760 contracts (Direct); Class A Common Stock — 16,922 shares (Direct)

Footnotes (3)

1. F1. 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. F2. Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of Class A Common Stock of the Issuer.
3. F3. 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.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What transaction did Paul J. Sekhri file on Form 4 for VEEV?

The Form 4 reports the vesting and conversion of 253 Restricted Stock Units (RSUs) into 253 shares of Class A common stock on 09/01/2025.

How many VEEV shares does the reporting person beneficially own after the transaction?

The filing shows 16,922 shares of Class A common stock beneficially owned following the reported transaction.

When were the RSUs originally granted and what is the vesting schedule?

The RSUs were granted on 06/18/2025 with 1/4 vesting on 09/01/2025 and the remainder vesting equally on a quarterly basis thereafter, subject to continued board service.

Was the transaction subject to short-swing profit rules under Section 16(b)?

The filing states the transaction is exempt from Section 16(b) pursuant to Rule 16b-6(b).

Who signed the Form 4 filing on behalf of the reporting person?

The Form 4 was signed by Liang Dong, attorney-in-fact on 09/03/2025.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 09/03/2025 - 07:04 PM Learn about SEC filing dates

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^*

SEKHRI PAUL J

(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)
09/01/2025

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	09/01/2025		M(1)		253	A	$0	16,922	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)	09/01/2025		M(1)			253	(3)	(3)	Class A Common Stock	253	$0	760	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 1,013 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	09/03/2025
	** 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.