ALAN MATEO - 07 Dec 2022 Form 4 Insider Report for VEEVA SYSTEMS INC (VEEV)

Signature
/s/ Jonathan Faddis, attorney-in-fact
Issuer symbol
VEEV
Transactions as of
07 Dec 2022
Net transactions value
-$1,819,586
Form type
4
Filing time
09 Dec 2022, 17:12:21 UTC
Previous filing
04 Oct 2022
Next filing
04 Jan 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VEEV Class A Common Stock Options Exercise $677,989 +25,120 +335% $26.99 32,620 07 Dec 2022 Direct F1, F2
transaction VEEV Class A Common Stock Sale $635,164 -3,880 -12% $163.70 28,740 07 Dec 2022 Direct F2, F3
transaction VEEV Class A Common Stock Sale $522,934 -3,180 -11% $164.44 25,560 07 Dec 2022 Direct F2, F4
transaction VEEV Class A Common Stock Sale $399,243 -2,400 -9.4% $166.35 23,160 07 Dec 2022 Direct F2, F5
transaction VEEV Class A Common Stock Sale $468,777 -2,800 -12% $167.42 20,360 07 Dec 2022 Direct F2, F6
transaction VEEV Class A Common Stock Sale $471,286 -2,800 -14% $168.32 17,560 07 Dec 2022 Direct F2, F7
transaction VEEV Class A Common Stock Sale $169 -1 -0.01% $169.31 17,559 07 Dec 2022 Direct F2
holding VEEV Class A Common Stock 7,349 07 Dec 2022 By Carol Mateo TTEE U/A 11/30/20 F8

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 Stock Option (right to purchase) Options Exercise $0 -25,120 -25% $0.000000 75,362 07 Dec 2022 Class A Common Stock 25,120 $26.99 Direct F1, F2, 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 theAct.
F2 This transaction was effected pursuant to Rule 10b5-1 trading plans 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 $163.14 to $164.125 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 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $164.14 to $165.05 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.
F5 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $165.69 to $166.63 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 $167.02 to $167.955 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 $168.04 to $169.00 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 Shares held by The Carol Mateo Trust dated November 30, 2020 (the "Trust"). The Reporting Person is not 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. The Reporting Person disclaims beneficial ownership of the reported shares held by the Trust, except to the extent, if any, of his pecuniary interest therein.
F9 The option shares are fully vested and may be exercised at any time.