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

Role: Director
Signature: /s/ Meaghan S. Nelson, attorney-in-fact
Issuer symbol: VEEV
Transactions as of: 21 Jan 2022
Net transactions value: $0
Form type: 3
Filing time: 25 Jan 2022, 17:09:03 UTC
Previous filing: 23 Jun 2021
Next filing: 03 Mar 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	VEEV	Class A Common Stock						191	21 Jan 2022	Direct
holding	VEEV	Class A Common Stock						128,114	21 Jan 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)							21 Jan 2022	Class B Common Stock	4,500	$3.92	Direct	F2
holding	VEEV	Class B Common Stock							21 Jan 2022	Class A Common Stock	5,500		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.