Mark T. Carges - Dec 1, 2021 Form 4 Insider Report for VEEVA SYSTEMS INC (VEEV)

Role: Director
Signature: /s/ Meaghan S. Nelson, attorney-in-fact
Stock symbol: VEEV
Transactions as of: Dec 1, 2021
Transactions value $: $0
Form type: 4
Date filed: 12/3/2021, 04:31 PM
Previous filing: Sep 3, 2021
Next filing: Mar 3, 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	+205		$0.00	205	Dec 1, 2021	Direct	F1, F2, F3
holding	VEEV	Class A Common Stock						7.21K	Dec 1, 2021	By Mark Carges Revocable Trust dated 01/30/2019	F4

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	-205	-33.33%	$0.00	410	Dec 1, 2021	Class A Common Stock	205		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 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	Reflects 7,209 shares transferred from the Reporting Person's direct ownership to the Mark Carges Revocable Trust, as defined below, prior to the date of earliest transaction of reported herein.
F4	Shares held by the Mark Carges Revocable Trust dtd 01/30/19 (the "Trust"). The Reporting Person is a trustee and beneficiary of the Trust, and may be deemed to share voting and dispositive power with regard to the reported shares held by the Trust.
F5	On June 23, 2021, the Reporting Person was granted 820 RSUs under the Issuer's 2013 Equity Incentive Plan, of which 1/4 of the RSUs vested on September 1, 2021, with the remaining RSUs vesting equally on a quarterly basis thereafter, subject to continued service on the Issuer's board of directors on the applicable vesting date.