Veeva Systems (VEEV) director adds shares through RSU conversion and family trust holdings

Rhea-AI Filing Summary

Veeva Systems director Timothy S. Cabral reported an RSU vesting that converted into Class A shares. On March 1, 2026, he exercised 262 Restricted Stock Units at $0.00 per share, receiving 262 Class A Common Stock through a derivative exercise or conversion exempt from Section 16(b).

After this transaction, he directly held 787 Class A shares. A separate holding entry shows 5,500 Class A shares held indirectly by the Cabral Family Trust, where he is a trustee and beneficiary and may share voting and dispositive power.

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).

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^*

Cabral Timothy S

(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)
03/01/2026

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	03/01/2026		M(1)		262	A	$0	787	D
Class A Common Stock								5,500	I	By the Cabral Family Trust, dated April 17, 2001(2)

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	(3)	03/01/2026		M(1)			262	(4)	(4)	Class A Common Stock	262	$0	262	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 the Cabral Family Trust (the "Trust"). The Reporting Person is a trustee and beneficiary of the Trust and may be deemed to share voting and dispositive power with regard to the reported shares held by the Trust.

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

4. On June 18, 2025, the Reporting Person was granted 1,049 RSUs, under the Issuer's Amended and 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	03/03/2026
	** 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.
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FAQ

What insider transaction did Veeva Systems (VEEV) director Timothy Cabral report?

Timothy S. Cabral reported an RSU vesting that converted into Class A Common Stock. On March 1, 2026, 262 Restricted Stock Units were exercised at $0.00 per share, resulting in 262 newly acquired Class A shares through a derivative exercise or conversion.

How many Veeva Systems (VEEV) shares does Timothy Cabral directly hold after this Form 4?

After the reported transactions, Timothy S. Cabral directly holds 787 shares of Veeva Systems Class A Common Stock. This reflects the addition of 262 shares received from exercising Restricted Stock Units on March 1, 2026, as disclosed in the filing details.

What is the role of Restricted Stock Units in this Veeva Systems (VEEV) Form 4?

The Form 4 shows 262 Restricted Stock Units converting into 262 Class A shares at $0.00 per share. Each RSU represents a contingent right to receive one Veeva Class A share, subject to vesting conditions under the company’s Amended and Restated 2013 Equity Incentive Plan.

What does the Cabral Family Trust hold in Veeva Systems (VEEV) shares?

The filing reports 5,500 Veeva Systems Class A shares held indirectly by the Cabral Family Trust. Timothy S. Cabral is a trustee and beneficiary of this trust and may share voting and dispositive power over these indirectly owned shares, according to the disclosure.

Were the Veeva Systems (VEEV) insider transactions exempt from Section 16(b)?

Yes. The Form 4 notes that the derivative exercise or conversion transaction is exempt from Section 16(b) of the Securities Exchange Act of 1934, pursuant to Rule 16b-6(b). This exemption applies to the RSU conversion into Class A Common Stock on March 1, 2026.

When were the underlying Veeva Systems (VEEV) RSUs originally granted to Timothy Cabral?

The RSUs were granted on June 18, 2025, under Veeva’s Amended and Restated 2013 Equity Incentive Plan. One quarter vested on September 1, 2025, with the remaining RSUs vesting equally on a quarterly basis thereafter, subject to continued service on the board.