Vanguard discloses 6.89% stake in Veeva Systems

Vanguard Capital Management filed a Schedule 13G reporting passive ownership of Veeva Systems Inc common stock.

Rhea-AI Filing Summary

Vanguard Capital Management filed a Schedule 13G reporting passive ownership of Veeva Systems Inc common stock. It reports 11,205,281 shares beneficially owned, representing 6.89% of the outstanding common stock as of June 30, 2026.

Vanguard has sole voting power over 1,512,419 shares and sole dispositive power over all 11,205,281 shares, with no shared voting or dispositive power. The position aggregates holdings of various Vanguard affiliates and funds. Vanguard and related investment companies and accounts have the right to receive dividends and proceeds, and no other single person’s interest exceeds 5% of the class.

Key Figures

Beneficial ownership: 11,205,281 shares Percent of class: 6.89% Sole voting power: 1,512,419 shares +3 more

6 metrics

Beneficial ownership 11,205,281 shares Shares of Veeva Systems Inc common stock beneficially owned by Vanguard Capital Management

Percent of class 6.89% Percentage of Veeva Systems Inc common stock represented by Vanguard’s beneficial ownership

Sole voting power 1,512,419 shares Veeva Systems Inc shares over which Vanguard has sole power to vote

Shared voting power 0 shares Veeva Systems Inc shares over which Vanguard has shared power to vote

Sole dispositive power 11,205,281 shares Veeva Systems Inc shares over which Vanguard has sole power to dispose

Shared dispositive power 0 shares Veeva Systems Inc shares over which Vanguard has shared power to dispose

Key Terms

beneficially owned, dispositive power, Schedule 13G, percent of class, +1 more

5 terms

beneficially owned financial

"this reflects the securities beneficially owned, or deemed to be beneficially owned, by Vanguard"

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

dispositive power financial

"securities held by Vanguard funds ... over which Vanguard Capital Management LLC exercises dispositive power"

Dispositive power is the authority to decide the final outcome of an asset, legal claim, contract, or corporate action — in effect the power to dispose of or resolve something. For investors it matters because whoever holds that authority can determine who gets paid, who controls an asset or vote, and how risks and returns are allocated; think of it like holding the key that lets you lock in the winner or loser in a deal.

Schedule 13G regulatory

"Vanguard Capital Management filed a Schedule 13G reporting passive ownership"

A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.

percent of class financial

"Percent of class: 6.89 %"

Percent of class is the portion of a specific category of securities—such as a company’s common shares, preferred shares, or a bond series—that takes part in or approves a corporate action (vote, consent, tender, etc.). Investors watch this number because it reveals how much support or opposition exists within that particular shareholder group; like counting how many members of a club back a proposal, it can determine whether a plan passes or how influence is distributed.

sole voting power financial

"Sole power to vote or to direct the vote: 1512419"

Sole voting power is the exclusive right to cast votes attached to a shareholder’s stock without needing approval from anyone else. Like holding the only remote control for a TV, it lets that holder decide corporate matters such as board members, mergers, and policy changes, making it important to investors because it concentrates control and can strongly influence a company’s strategy and the value of its shares.

FAQ

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

What stake in Veeva Systems Inc (VEEV) does Vanguard Capital Management report on this Schedule 13G?

Vanguard Capital Management reports beneficial ownership of 11,205,281 Veeva Systems Inc shares, representing 6.89% of the company’s common stock as of June 30, 2026, according to the Schedule 13G filing.

How much voting power does Vanguard Capital Management have in Veeva Systems Inc (VEEV)?

Vanguard Capital Management has sole voting power over 1,512,419 Veeva shares and no shared voting power. It holds sole dispositive power over 11,205,281 shares, meaning it alone can decide whether to sell or retain those shares.

Is Vanguard Capital Management’s Veeva Systems Inc (VEEV) position held on behalf of other investors?

Yes. Vanguard Capital Management states that it and related investment companies and managed accounts have the right to receive dividends and sale proceeds from the reported Veeva shares, but no other single person’s interest exceeds 5% of the class.

Which Vanguard entities are included in the reported Veeva Systems Inc (VEEV) holdings?

The filing states that the reported holdings include securities beneficially owned or deemed beneficially owned by Vanguard Capital Management LLC and affiliates, including Vanguard Asset Management Limited, Vanguard Fiduciary Trust Company, Vanguard Global Advisers, LLC, and Vanguard Investments Australia Ltd.

Does Vanguard Capital Management share dispositive power over Veeva Systems Inc (VEEV) shares?

No. Vanguard Capital Management reports sole dispositive power over 11,205,281 shares of Veeva Systems Inc common stock and zero shared dispositive power, indicating exclusive authority over decisions to sell or retain these shares.

What percentage of Veeva Systems Inc (VEEV) does each other investor hold through Vanguard’s reported stake?

The filing specifies only that no other person’s interest in the reported securities exceeds 5% of the class. Individual investor-level percentages are not itemized, only the aggregate 6.89% stake managed by Vanguard and related entities.

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

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Available on EDGAR 07/31/2026 - 10:46 AM Accepted by SEC EDGAR 07/31/2026 - 10:45 AM Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

Veeva Systems Inc

(Name of Issuer)

Common Stock

(Title of Class of Securities)

922475108

(CUSIP Number)

06/30/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 922475108

1

Names of Reporting Persons

Vanguard Capital Management

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

PENNSYLVANIA

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 1,512,419.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 11,205,281.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

11,205,281.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

6.89 %

12

Type of Reporting Person (See Instructions)

IA

Comment for Type of Reporting Person: In accordance with SEC Release No. 34-39538 (January 12, 1998), this Schedule 13G reflects the securities beneficially owned, or deemed to be beneficially owned, by Vanguard Capital Management LLC and the following affiliates of Vanguard Capital Management LLC or business divisions of such affiliates: Vanguard Asset Management Limited, Vanguard Fiduciary Trust Company, Vanguard Global Advisers, LLC and Vanguard Investments Australia Ltd. This Schedule 13G includes securities held by Vanguard funds, or sleeves thereof, over which Vanguard Capital Management LLC exercises dispositive power, in addition to securities held by clients over which the affiliates or business divisions of such affiliates indicated above exercise dispositive and/or voting power. This Schedule 13G does not include securities, if any, beneficially owned by other subsidiaries or affiliates of Vanguard Capital Management LLC, or business divisions of such subsidiaries, whose ownership of securities is disaggregated from that of the reporting business unit in accordance with such release.

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Veeva Systems Inc
(b)	Address of issuer's principal executive offices: 4280 Hacienda Dr, Pleasanton, CA, 94588
Item 2.
(a)	Name of person filing: Vanguard Capital Management
(b)	Address or principal business office or, if none, residence: 100 Vanguard Blvd,, Malvern, PA, 19355
(c)	Citizenship: PA
(d)	Title of class of securities: Common Stock
(e)	CUSIP Number(s): 922475108
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 11205281
(b)	Percent of class: 6.89 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 1512419
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 11205281
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. Vanguard Capital Management, including investment companies registered under the Investment Company Act of 1940 and other managed accounts, have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the securities reported herein.No one other person's interest in the securities reported herein is more than 5%.
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Vanguard Capital Management

Signature:	My Trieu-Gatt
Name/Title:	Authorized Signatory, Head of Global Fund Administration
Date:	07/31/2026