Brian Van Wagener - Jan 1, 2025 Form 4 Insider Report for VEEVA SYSTEMS INC (VEEV)

Signature
/s/ Liang Dong, attorney-in-fact
Stock symbol
VEEV
Transactions as of
Jan 1, 2025
Transactions value $
-$100,289
Form type
4
Date filed
1/3/2025, 05:10 PM
Previous filing
Sep 16, 2024
Next filing
Apr 2, 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VEEV Class A Common Stock Options Exercise $0 +1.37K +29.29% $0.00 6.05K Jan 1, 2025 Direct F1, F2
transaction VEEV Class A Common Stock Tax liability -$100K -477 -7.89% $210.25 5.57K Jan 1, 2025 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 Unit Options Exercise $0 -1.37K -62.47% $0.00 823 Jan 1, 2025 Class A Common Stock 1.37K Direct F1, F2, F4
* 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 2013 Equity Incentive Plan. The Reporting Person vests ownership in the RSUs over 8-months, with 62.5% of the RSUs vesting on January 1, 2025, and 37.5% vesting on April 1, 2025, subject to continued service to the Issuer by the Reporting Person.