Timothy S. Cabral - Jan 21, 2022 Form 3 Insider Report for VEEVA SYSTEMS INC (VEEV)

Role: Director
Signature: /s/ Meaghan S. Nelson, attorney-in-fact
Stock symbol: VEEV
Transactions as of: Jan 21, 2022
Transactions value $: $0
Form type: 3
Date filed: 1/25/2022, 05:09 PM
Previous filing: Jun 23, 2021
Next filing: Mar 3, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	VEEV	Class A Common Stock						191	Jan 21, 2022	Direct
holding	VEEV	Class A Common Stock						128K	Jan 21, 2022	By the Cabral Family Trust, dated April 17, 2001	F1

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
holding	VEEV	Stock Option (right to purchase)							Jan 21, 2022	Class B Common Stock	4.5K	$3.92	Direct	F2
holding	VEEV	Class B Common Stock							Jan 21, 2022	Class A Common Stock	5.5K		By the Cabral Family Trust, dated April 17, 2001	F1, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Shares held by the Cabral Family Trust dated April 17, 2001 (the "Cabral Family Trust"). The Reporting Person is a trustee and beneficiary of the Cabral Family Trust and may be deemed to share voting and dispositive power with regard to the reported shares held by the Cabral Family Trust.
F2	The option shares are fully vested and may be exercised at any time.
F3	Each share of Class B Common Stock is convertible, at any time at the option of the holder, into one (1) share of Class A Common Stock and has no expiration date. In addition, each share of Class B Common Stock will convert automatically into one (1) share of Class A Common Stock upon any transfer, whether or not for value, which occurs after the closing of the IPO, except for certain permitted transfers described in, and transfers to any "permitted transferee" as defined in, the Issuer's restated certificate of incorporation in effect after the closing of the IPO. All shares of Class A and Class B Common Stock will convert automatically into shares of a single class of Common Stock upon the earliest to occur of the following: (a) upon the election by the holders of a majority of the then outstanding shares of Class B Common Stock or (b) October 15, 2023.