Peter P. Gassner - 14 Dec 2022 Form 4 Insider Report for VEEVA SYSTEMS INC (VEEV)

Reporting relationship: Chief Executive Officer, Director
Issuer ticker: VEEV
Reported as of: 14 Dec 2022
Net transaction value: -$19,548,579
SEC form: 4
Accepted by SEC: 16 Dec 2022, 19:31:42 UTC
Prior SEC filing: 14 Dec 2022
Next SEC filing: 20 Dec 2022
Source filing: View source filing
Reporting owner signature: /s/ Jonathan Faddis, attorney-in-fact

Key filing fact

Peter P. Gassner filed Form 4 for VEEVA SYSTEMS INC (VEEV) on 16 Dec 2022.

Key facts

This page summarizes Peter P. Gassner's Form 4 filing for VEEVA SYSTEMS INC (VEEV).
24 reported transactions and 9 derivative rows are listed below.
Accepted by SEC: 16 Dec 2022, 19:31.

Change

Previous filing in this sequence was filed on 14 Dec 2022.
Current net transaction value: -$19,548,579.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

VEEV transaction

Class A Common Stock

Conversion of derivative security

Transaction value: $0
Shares: +29,260
Change %
Price: $0.000000
Shares after: 29,260
Date: 14 Dec 2022
Ownership: Direct
Footnotes: F1, F2

VEEV transaction

Class A Common Stock

Sale

Transaction value: $879,704
Shares: -4,961
Change %: -17%
Price: $177.32
Shares after: 24,299
Date: 14 Dec 2022
Ownership: Direct
Footnotes: F2, F3

VEEV transaction

Class A Common Stock

Sale

Transaction value: $1,078,459
Shares: -6,037
Change %: -25%
Price: $178.64
Shares after: 18,262
Date: 14 Dec 2022
Ownership: Direct
Footnotes: F2, F4

VEEV transaction

Class A Common Stock

Sale

Transaction value: $541,286
Shares: -3,009
Change %: -16%
Price: $179.89
Shares after: 15,253
Date: 14 Dec 2022
Ownership: Direct
Footnotes: F2, F5

VEEV transaction

Class A Common Stock

Sale

Transaction value: $2,753,903
Shares: -15,253
Change %: -100%
Price: $180.55
Shares after: 0
Date: 14 Dec 2022
Ownership: Direct
Footnotes: F2, F6

VEEV transaction

Class A Common Stock

Conversion of derivative security

Transaction value: $0
Shares: +42,107
Change %
Price: $0.000000
Shares after: 42,107
Date: 15 Dec 2022
Ownership: Direct
Footnotes: F1, F2

VEEV transaction

Class A Common Stock

Sale

Transaction value: $3,767,081
Shares: -22,190
Change %: -53%
Price: $169.76
Shares after: 19,917
Date: 15 Dec 2022
Ownership: Direct
Footnotes: F2, F7

VEEV transaction

Class A Common Stock

Sale

Transaction value: $1,957,747
Shares: -11,456
Change %: -58%
Price: $170.89
Shares after: 8,461
Date: 15 Dec 2022
Ownership: Direct
Footnotes: F2, F8

VEEV transaction

Class A Common Stock

Sale

Transaction value: $1,160,938
Shares: -6,764
Change %: -80%
Price: $171.63
Shares after: 1,697
Date: 15 Dec 2022
Ownership: Direct
Footnotes: F2, F9

VEEV transaction

Class A Common Stock

Sale

Transaction value: $292,961
Shares: -1,697
Change %: -100%
Price: $172.63
Shares after: 0
Date: 15 Dec 2022
Ownership: Direct
Footnotes: F2, F10

VEEV transaction

Class A Common Stock

Conversion of derivative security

Transaction value: $0
Shares: +42,304
Change %
Price: $0.000000
Shares after: 42,304
Date: 16 Dec 2022
Ownership: Direct
Footnotes: F1, F2

VEEV transaction

Class A Common Stock

Sale

Transaction value: $991,381
Shares: -5,941
Change %: -14%
Price: $166.87
Shares after: 36,363
Date: 16 Dec 2022
Ownership: Direct
Footnotes: F2, F11

VEEV transaction

Class A Common Stock

Sale

Transaction value: $4,196,407
Shares: -24,954
Change %: -69%
Price: $168.17
Shares after: 11,409
Date: 16 Dec 2022
Ownership: Direct
Footnotes: F2, F12

VEEV transaction

Class A Common Stock

Sale

Transaction value: $1,774,940
Shares: -10,502
Change %: -92%
Price: $169.01
Shares after: 907
Date: 16 Dec 2022
Ownership: Direct
Footnotes: F2, F13

VEEV transaction

Class A Common Stock

Sale

Transaction value: $153,772
Shares: -907
Change %: -100%
Price: $169.54
Shares after: 0
Date: 16 Dec 2022
Ownership: Direct
Footnotes: F2, F14

VEEV holding

Class A Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 41,000
Date: 14 Dec 2022
Ownership: By family member
Footnotes: F15

VEEV holding

Class A Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 41,000
Date: 14 Dec 2022
Ownership: By second family member
Footnotes: F15

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

VEEV transaction Derivative

Stock Option (right to buy)

Options Exercise

Transaction value: $0
Shares: -29,260
Change %: -0.98%
Price: $0.000000
Shares after: 2,954,411
Date: 14 Dec 2022
Ownership: Direct
Underlying class: Class B Common Stock
Underlying amount: 29,260
Exercise price: $3.92
Footnotes: F1, F2, F16

VEEV transaction Derivative

Class B Common Stock

Options Exercise

Transaction value: $0
Shares: +29,260
Change %: +0.22%
Price: $0.000000
Shares after: 13,155,593
Date: 14 Dec 2022
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 29,260
Exercise price: $3.92
Footnotes: F1, F2, F17

VEEV transaction Derivative

Class B Common Stock

Conversion of derivative security

Transaction value: $0
Shares: -29,260
Change %: -0.22%
Price: $0.000000
Shares after: 13,126,333
Date: 14 Dec 2022
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 29,260
Exercise price
Footnotes: F1, F2, F17

VEEV transaction Derivative

Stock Option (right to buy)

Options Exercise

Transaction value: $0
Shares: -42,107
Change %: -1.4%
Price: $0.000000
Shares after: 2,912,304
Date: 15 Dec 2022
Ownership: Direct
Underlying class: Class B Common Stock
Underlying amount: 42,107
Exercise price: $3.92
Footnotes: F1, F2, F16

VEEV transaction Derivative

Class B Common Stock

Options Exercise

Transaction value: $0
Shares: +42,107
Change %: +0.32%
Price: $0.000000
Shares after: 13,168,440
Date: 15 Dec 2022
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 42,107
Exercise price: $3.92
Footnotes: F1, F2, F17

VEEV transaction Derivative

Class B Common Stock

Conversion of derivative security

Transaction value: $0
Shares: -42,107
Change %: -0.32%
Price: $0.000000
Shares after: 13,126,333
Date: 15 Dec 2022
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 42,107
Exercise price
Footnotes: F1, F2, F17

VEEV transaction Derivative

Stock Option (right to buy)

Options Exercise

Transaction value: $0
Shares: -42,304
Change %: -1.5%
Price: $0.000000
Shares after: 2,870,000
Date: 16 Dec 2022
Ownership: Direct
Underlying class: Class B Common Stock
Underlying amount: 42,304
Exercise price: $3.92
Footnotes: F1, F2, F16

VEEV transaction Derivative

Class B Common Stock

Options Exercise

Transaction value: $0
Shares: +42,304
Change %: +0.32%
Price: $0.000000
Shares after: 13,168,637
Date: 16 Dec 2022
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 42,304
Exercise price: $3.92
Footnotes: F1, F2, F17

VEEV transaction Derivative

Class B Common Stock

Conversion of derivative security

Transaction value: $0
Shares: -42,304
Change %: -0.32%
Price: $0.000000
Shares after: 13,126,333
Date: 16 Dec 2022
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 42,304
Exercise price
Footnotes: F1, F2, F17

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 17 footnotes

Footnote 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.

Footnote F2

This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person.

Footnote F3

The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $177.01 to $177.98 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.

Footnote F4

The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $178.04 to $178.95 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.

Footnote F5

The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $179.32 to $180.23 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.

Footnote F6

The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $180.32 to $180.99 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.

Footnote F7

The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $169.245 to $170.24 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.

Footnote F8

The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $170.26 to $171.25 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.

Footnote F9

The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $171.26 to $172.24 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.

Footnote F10

The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $172.34 to $173.205 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.

Footnote F11

The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $166.47 to $167.46 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.

Footnote F12

The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $167.47 to $168.46 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.

Footnote F13

The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $168.47 to $169.42 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.

Footnote F14

The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $169.47 to $169.61 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.

Footnote F15

The Reporting Person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

Footnote F16

The option shares are fully vested and may be exercised at any time.

Footnote F17

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. 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.