Peter P. Gassner - Jun 19, 2024 Form 4 Insider Report for VEEVA SYSTEMS INC (VEEV)

Role: Chief Executive Officer, Director
Signature: /s/ Liang Dong, attorney-in-fact
Stock symbol: VEEV
Transactions as of: Jun 19, 2024
Transactions value $: $0
Form type: 4
Date filed: 6/21/2024, 04:58 PM
Previous filing: Jun 14, 2024

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	Stock Option (right to buy)	Award	$0	+2.65M		$0.00	2.65M	Jun 19, 2024	Class A Common Stock	2.65M	$236.90	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The option was granted under the Issuer's Amended & Restated 2013 Equity Incentive Plan. The Reporting Person vests ownership in this option over five years, with one-fifth of the shares subject to the award vesting on February 1, 2026 and each one-year anniversary thereafter, subject to continued service as Chief Executive Offer to the Issuer by the Reporting Person and provided that the closing price of the Issuer's Class A Common Stock is at or above $236.90 for sixty (60) consecutive trading days any time after February 1, 2025 and prior to February 1, 2030. This option has an exercise price of $236.90.

Content

The option was granted under the Issuer's Amended & Restated 2013 Equity Incentive Plan. The Reporting Person vests ownership in this option over five years, with one-fifth of the shares subject to the award vesting on February 1, 2026 and each one-year anniversary thereafter, subject to continued service as Chief Executive Offer to the Issuer by the Reporting Person and provided that the closing price of the Issuer's Class A Common Stock is at or above $236.90 for sixty (60) consecutive trading days any time after February 1, 2025 and prior to February 1, 2030. This option has an exercise price of $236.90.