Thomas D. Schwenger - Oct 1, 2021 Form 4 Insider Report for VEEVA SYSTEMS INC (VEEV)

Role: President and COO
Signature: /s/ Meaghan S. Nelson, attorney-in-fact
Stock symbol: VEEV
Transactions as of: Oct 1, 2021
Transactions value $: -$451,317
Form type: 4
Date filed: 10/5/2021, 05:19 PM
Previous filing: Jul 6, 2021
Next filing: Jan 4, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	VEEV	Class A Common Stock	Options Exercise	$0	+2.5K	+22.29%	$0.00	13.7K	Oct 1, 2021	Direct	F1, F2
transaction	VEEV	Class A Common Stock	Tax liability	-$314K	-1.09K	-7.97%	$287.28	12.6K	Oct 1, 2021	Direct	F3
transaction	VEEV	Class A Common Stock	Options Exercise	$0	+1.09K	+8.63%	$0.00	13.7K	Oct 1, 2021	Direct	F1, F2
transaction	VEEV	Class A Common Stock	Tax liability	-$137K	-477	-3.48%	$287.28	13.2K	Oct 1, 2021	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 Units	Options Exercise	$0	-2.5K	-33.33%	$0.00	5K	Oct 1, 2021	Class A Common Stock	2.5K		Direct	F1, F2, F4
transaction	VEEV	Restricted Stock Units	Options Exercise	$0	-1.09K	-33.33%	$0.00	2.18K	Oct 1, 2021	Class A Common Stock	1.09K		Direct	F1, F2, F5

* 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 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	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, 2021, and 25% of the RSUs vesting on a quarterly basis thereafter, subject to continued service to the Issuer by the Reporting Person.