Gordon Ritter - Oct 15, 2023 Form 4 Insider Report for VEEVA SYSTEMS INC (VEEV)

Role
Director
Signature
/s/ Liang Dong, attorney-in-fact
Stock symbol
VEEV
Transactions as of
Oct 15, 2023
Transactions value $
$0
Form type
4
Date filed
10/16/2023, 07:39 PM
Previous filing
Sep 5, 2023
Next filing
Dec 1, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % Price $ Shares After Date Ownership Footnotes
transaction VEEV Class A Common Stock Conversion of derivative security $0 +1 M $0.00 1 M Oct 15, 2023 By Emergence Capital Partners II, L.P. F1, F2, F3, F4
holding VEEV Class A Common Stock 1.11 K Oct 15, 2023 Direct
holding VEEV Class A Common Stock 543 K Oct 15, 2023 By the Ritter-Metzler Revocable Trust dated November 6, 2000 F5
holding VEEV Class A Common Stock 92 K Oct 15, 2023 By GABACOR Holdings LLC F6

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 Class B Common Stock Conversion of derivative security $0 -1 M -100% $0.00 0 Oct 15, 2023 Class A Common Stock 1 M By Emergence Capital Partners II, L.P. F1, F2, F3, F4

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 The Reporting Person disclaims beneficial ownership of the securities held by Emergence Capital Partners II, L.P. except to the extent of his pecuniary interest therein.
F3 This does not represent a sale or purchase of the Issuer's common stock; rather, it represents the automatic conversion of shares of the Issuer's Class B Common Stock into shares of the Issuer's Class A Common Stock, which automatic conversion occurred on October 15, 2023 pursuant to the terms of the Issuers Amended and Restated Certificate of Incorporation.
F4 The sole general partner of Emergence is EEP II, and the sole general partner of EEP II is Emergence GP Partners, LLC ("EGP", and together with Emergence and EEP II, the "Emergence Entities"), and each of EEP II and EGP may be deemed to have sole voting and dispositive power with respect to the shares held by Emergence, and EGP may be deemed to have sole voting and dispositive power with respect to the shares held by EEP II. The Reporting Person is a partner of EEP II and a member of EGP and serves on the Issuer's board of directors. The Reporting Person disclaims beneficial ownership of the reported shares held by the Emergence Entities except to the extent of his pecuniary interest therein, if any, by virtue of the limited liability company interest he owns in EGP and the partnership interest he owns in EEP II.
F5 Shares held by The Ritter-Metzler Revocable Trust dated November 6, 2000 (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. The Reporting Person disclaims beneficial ownership of the reported shares held by the Trust, except to the extent, if any, of his pecuniary interest therein.
F6 Shares held by GABACOR Holdings LLC ("GABACOR"). The Reporting Person is a controlling person of GABACOR and may be deemed to share voting and dispositive power with regard to the reported shares held by GABACOR. The Reporting Person disclaims beneficial ownership of the reported shares held by GABACOR, except to the extent, if any, of his pecuniary interest therein.