Thomas D. Schwenger - Oct 1, 2023 Form 4 Insider Report for VEEVA SYSTEMS INC (VEEV)

Role
President and COO
Signature
/s/ Liang Dong, attorney-in-fact
Stock symbol
VEEV
Transactions as of
Oct 1, 2023
Transactions value $
-$424,600
Form type
4
Date filed
10/2/2023, 08:55 PM
Previous filing
Sep 6, 2023
Next filing
Jan 3, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VEEV Class A Common Stock Options Exercise $0 +2.5K +11.72% $0.00 23.8K Oct 1, 2023 Direct F1, F2
transaction VEEV Class A Common Stock Tax liability -$223K -1.09K -4.59% $203.45 22.7K Oct 1, 2023 Direct F3
transaction VEEV Class A Common Stock Options Exercise $0 +2.27K +9.98% $0.00 25K Oct 1, 2023 Direct F1, F2
transaction VEEV Class A Common Stock Tax liability -$202K -993 -3.97% $203.45 24K Oct 1, 2023 Direct F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction VEEV Restricted Stock Units Options Exercise $0 -2.27K -33.34% $0.00 4.54K Oct 1, 2023 Class A Common Stock 2.27K Direct F1, F2, F4
transaction VEEV Restricted Stock Units Options Exercise $0 -2.5K -100% $0.00* 0 Oct 1, 2023 Class A Common Stock 2.5K Direct F1, F2, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
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.
F2 Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of Class A Common Stock of the Issuer.
F3 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.
F4 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, 2023, and 25% of the RSUs vesting on a quarterly basis thereafter, subject to continued service to the Issuer by the Reporting Person.
F5 On September 18, 2019, the Reporting Person was granted 10,000 RSUs under the Issuer's 2013 Equity Incentive Plan, of which 25% of the RSUs vested on October 1, 2020, with 25% of the remaining RSUs vesting for each year of continuous service to the Issuer by the Reporting Person after October 1, 2020.