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VEEVA insider granted 1,498 RSUs; 761 shares withheld for taxes

Filing Impact
(High)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Veeva Systems reporting person Eleni Nitsa Zuppas received 1,498 restricted stock units (RSUs) on 10/01/2025, each representing the right to one share of Class A common stock. The RSUs vest over one year with 25% vesting on July 1, 2025 and the remainder vesting quarterly thereafter, subject to continued service. To satisfy tax withholding on the net settlement of vested RSUs, 761 shares were withheld, reducing beneficial ownership from 26,086 shares immediately after the RSU grant to 25,325 shares following the withholding. The RSU grant is under the Issuer's Amended & Restated 2013 Equity Incentive Plan, and the transactions are reported as exempt from Section 16(b).

Positive

  • 1,498 RSUs granted to a company officer, aligning compensation with continued service
  • RSU vesting schedule specified: 25% on July 1, 2025 and quarterly thereafter (provides clear timing)

Negative

  • 761 shares withheld for taxes, reducing reported beneficial ownership from 26,086 to 25,325

Insights

Insider received 1,498 RSUs with a one-year vesting schedule; 761 shares withheld for taxes.

The reporting person was granted 1,498 RSUs on 10/01/2025, each convertible into one share of Class A common stock upon vesting. The grant vests 25% on July 1, 2025 with the remainder vesting quarterly over the following year, which ties the award to continued service.

Following net settlement for tax withholding—761 shares withheld—the reporting person's beneficial ownership decreased to 25,325 shares. The filing notes these transactions are exempt from Section 16(b) under the applicable rules and were made under the companys equity incentive plan.

Insider Zuppas Eleni Nitsa
Role President & Chief of Staff
Type Security Shares Price Value
Exercise Restricted Stock Units 1,498 $0.00 --
Exercise Class A Common Stock 1,498 $0.00 --
Tax Withholding Class A Common Stock 761 $293.26 $223K
Holdings After Transaction: Restricted Stock Units — 2,996 shares (Direct); Class A Common Stock — 26,086 shares (Direct)
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. Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of Class A Common Stock of the Issuer. 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. 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.
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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).
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)
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 1,498 A $0(2) 26,086 D
Class A Common Stock 10/01/2025 F(3) 761(3) D $293.26 25,325 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 1,498 (4) (4) Class A Common Stock 1,498 $0 2,996 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 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.

Source: View Original Filing on SEC EDGAR

FAQ

What did VEEV insider Eleni Nitsa Zuppas receive on 10/01/2025?

The reporting person received 1,498 restricted stock units (RSUs), each representing a contingent right to one Class A share.

How many shares were withheld for taxes in the VEEV Form 4?

761 shares were withheld by the issuer to satisfy tax withholding and remittance obligations related to net settlement of vested RSUs.

What is the insider's beneficial ownership after these transactions?

Following the transactions and withholding, the reporting person beneficially owns 25,325 shares of Class A common stock.

Under which plan were the RSUs granted?

The RSUs were granted under the issuer's Amended & Restated 2013 Equity Incentive Plan.

When do the RSUs vest for the VEEV insider?

Vesting occurs over one year with 25% vesting on July 1, 2025 and the remaining RSUs vesting on a quarterly basis thereafter, subject to continued service.