RSU conversion gives Veeva Systems (NYSE: VEEV) director 253 shares

Rhea-AI Filing Summary

Veeva Systems director Paul J. Sekhri reported an equity award vesting and share issuance. On March 1, 2026, he exercised 253 Restricted Stock Units, each representing a right to receive one share of Veeva Class A common stock, at a price of $0.00 per share.

These RSUs are part of a 1,013-unit grant awarded on June 18, 2025 under Veeva’s Amended & Restated 2013 Equity Incentive Plan. One quarter of the grant vested on September 1, 2025, with the remaining units vesting in equal quarterly installments, subject to his continued board service.

Following the conversion, Sekhri directly owns 14,938 shares of Class A common stock. The transaction is noted as exempt from Section 16(b) under Rule 16b-6(b), reflecting a routine derivative exercise rather than an open-market purchase or sale.

Insider Trade Summary

253 shares exercised/converted

Mixed 2 txns

Insider SEKHRI PAUL J

Role Director

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

Holdings After Transaction: Restricted Stock Units — 253 shares (Direct); Class A Common Stock — 14,938 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. 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.

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
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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)
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)		253	A	$0	14,938	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)	03/01/2026		M(1)			253	(3)	(3)	Class A Common Stock	253	$0	253	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	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.
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 insider transaction did Paul J. Sekhri report at Veeva Systems (VEEV)?

Paul J. Sekhri reported the vesting and exercise of 253 Restricted Stock Units into 253 shares of Veeva Class A common stock. The transaction was recorded at a price of $0.00 per share and is classified as an exercise or conversion of a derivative security.

How many Veeva Class A shares did Paul J. Sekhri acquire through RSU conversion?

Sekhri acquired 253 shares of Veeva Class A common stock through the exercise of 253 Restricted Stock Units. Each RSU represents the right to receive one share, so the derivative exercise directly converted the full 253 RSUs into 253 common shares at no cash cost.

What is the vesting schedule of Sekhri’s 1,013 RSUs granted June 18, 2025 at VEEV?

Sekhri’s 1,013 RSUs granted on June 18, 2025 vest over time. One quarter of the RSUs vested on September 1, 2025, and the remaining units vest in equal quarterly installments, contingent on his continued service on Veeva’s board on each applicable vesting date.

What is Paul J. Sekhri’s Veeva Systems share ownership after this Form 4 transaction?

After the reported RSU conversion, Sekhri directly owns 14,938 shares of Veeva Class A common stock. This total reflects his holdings following the issuance of 253 new shares from the exercised Restricted Stock Units disclosed in the March 1, 2026 transaction.

Were Paul J. Sekhri’s RSU transactions at Veeva exempt under Section 16(b)?

Yes. The filing states the transaction is exempt from Section 16(b) of the Securities Exchange Act under Rule 16b-6(b). That rule generally covers exercises or conversions of derivative securities, distinguishing them from short-swing profit transactions subject to Section 16(b) recovery.

What plan governs the RSUs reported by Paul J. Sekhri at Veeva Systems (VEEV)?

The RSUs are granted under Veeva’s Amended & Restated 2013 Equity Incentive Plan. This plan provides equity-based awards such as Restricted Stock Units to directors and other participants, aligning their compensation with the company’s Class A common stock performance over time.