VEEVA SYSTEMS INC — Director's Dealing 2022

Oct 5, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: VEEVA SYSTEMS INC (VEEV)
CIK: 0001393052
Period of Report: 2022-10-01

Reporting Person: Schwenger Thomas D. (President and COO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-10-01	Class A Common Stock	M	2500	—	Acquired	18520	Direct
2022-10-01	Class A Common Stock	F	981	$164.88	Disposed	17539	Direct
2022-10-01	Class A Common Stock	M	1765	—	Acquired	19304	Direct
2022-10-01	Class A Common Stock	F	772	$164.88	Disposed	18532	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2022-10-01	Restricted Stock Units	$	M	2500	Disposed		Class A Common Stock (2500.0)	Direct
2022-10-01	Restricted Stock Units	$	M	1765	Disposed		Class A Common Stock (1765.0)	Direct

Footnotes

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: 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.

F5: The RSUs were granted under the Issuer's 2013 Equity Incentive Plan. The Reporting Person vests ownership in the RSUs over one year with 25% vesting on July 1, 2022, and 25% of the RSUs vesting on a quarterly basis thereafter, subject to continued service to the Issuer by the Reporting Person.