Timothy S. Cabral - Sep 1, 2022 Form 4 Insider Report for VEEVA SYSTEMS INC (VEEV)

Role
Director
Signature
/s/ Jonathan Faddis, attorney-in-fact
Stock symbol
VEEV
Transactions as of
Sep 1, 2022
Transactions value $
-$1,666,075
Form type
4
Date filed
9/6/2022, 07:26 PM
Previous filing
Jul 29, 2022
Next filing
Dec 5, 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 +300 +48.86% $0.00 914 Sep 1, 2022 Direct F1
transaction VEEV Class A Common Stock Sale -$795K -4.8K -4.24% $165.66 108K Sep 6, 2022 By the Cabral Family Trust, dated April 17, 2001 F2, F3, F4
transaction VEEV Class A Common Stock Sale -$466K -2.79K -2.58% $166.70 106K Sep 6, 2022 By the Cabral Family Trust, dated April 17, 2001 F2, F4, F5
transaction VEEV Class A Common Stock Sale -$152K -907 -0.86% $167.36 105K Sep 6, 2022 By the Cabral Family Trust, dated April 17, 2001 F2, F4, F6
transaction VEEV Class A Common Stock Sale -$84.2K -500 -0.48% $168.38 104K Sep 6, 2022 By the Cabral Family Trust, dated April 17, 2001 F2, F4, F7
transaction VEEV Class A Common Stock Sale -$169K -1K -0.96% $169.34 103K Sep 6, 2022 By the Cabral Family Trust, dated April 17, 2001 F2, 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 -300 -25.02% $0.00 899 Sep 1, 2022 Class A Common Stock 300 Direct F1, F8, F9
* 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 The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person.
F3 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $165.15 to $166.14 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F4 Shares held by 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.
F5 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $166.25 to $167.10 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F6 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $167.25 to $167.49 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F7 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $168.33 to $168.59 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F8 Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of Class A Common Stock of the Issuer.
F9 On June 9, 2022, the Reporting Person was granted 1,199 RSUs under the Issuer's 2013 Equity Incentive Plan, of which 1/4 of the RSUs vested on September 1, 2022, 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.