VEEVA SYSTEMS INC — Director's Dealing 2022

Aug 31, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: VEEVA SYSTEMS INC (VEEV)
CIK: 0001393052
Period of Report: 2022-08-27

Reporting Person: Lequient Frederic (SVP Global Customer Services)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-08-27	Class A Common Stock	M	1177	—	Acquired	3498	Direct
2022-08-27	Class A Common Stock	F	408	$206.49	Disposed	3090	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2022-08-27	Restricted Stock Units	$	M	1177	Disposed		Class A Common Stock (1177.0)	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 theAct.

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 was originally scheduled to vest ownership in the RSUs over one year with 1/4 of the RSUs vesting on July 1, 2022, and 1/4 of the RSUs vesting on a quarterly basis thereafter. Due to a leave of absence by the Reporting Person, the vesting schedule was adjusted such that 1/4 of the RSUs vest on August 27, 2022, and 1/4 of the RSUs vest on a quarterly basis thereafter, subject to continued service to the Issuer by the Reporting Person.