Matthew J. Wallach - Jan 3, 2023 Form 4 Insider Report for VEEVA SYSTEMS INC (VEEV)

Role
Director
Signature
/s/ Jonathan Faddis, attorney-in-fact
Stock symbol
VEEV
Transactions as of
Jan 3, 2023
Transactions value $
-$1,597,971
Form type
4
Date filed
1/4/2023, 05:38 PM
Previous filing
Dec 7, 2022
Next filing
Feb 7, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VEEV Class A Common Stock Conversion of derivative security $0 +10K +351.37% $0.00 12.8K Jan 3, 2023 Direct F1, F2
transaction VEEV Class A Common Stock Sale -$1.16M -7.3K -56.83% $159.48 5.55K Jan 3, 2023 Direct F2, F3
transaction VEEV Class A Common Stock Sale -$369K -2.3K -41.47% $160.27 3.25K Jan 3, 2023 Direct F2, F4
transaction VEEV Class A Common Stock Sale -$27.1K -167 -5.14% $162.28 3.08K Jan 3, 2023 Direct F2, F5
transaction VEEV Class A Common Stock Sale -$38.1K -233 -7.57% $163.37 2.85K Jan 3, 2023 Direct F2, F6

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 buy) Options Exercise $0 -10K -33.33% $0.00 20K Jan 3, 2023 Class B Common Stock 10K $3.92 Direct F1, F2, F7
transaction VEEV Class B Common Stock Options Exercise $0 +10K +7.69% $0.00 140K Jan 3, 2023 Class A Common Stock 10K $3.92 Direct F1, F2, F8, F9
transaction VEEV Class B Common Stock Conversion of derivative security $0 -10K -7.14% $0.00 130K Jan 3, 2023 Class A Common Stock 10K Direct F1, F2, F8, F10
holding VEEV Class B Common Stock 100K Jan 3, 2023 Class A Common Stock 100K $0.00 By Matt Wallach 2012 Irrevocable Trust dated October 15, 2012 F8
holding VEEV Class B Common Stock 50K Jan 3, 2023 Class A Common Stock 50K $0.00 By Matt Wallach 2012 Irrevocable Non-Grantor Trust dated October 15, 2012 F8
holding VEEV Class B Common Stock 100K Jan 3, 2023 Class A Common Stock 100K $0.00 By Matt Wallach 2013 Irrevocable Trust dated August 13, 2013 F8
* 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 $158.92 to $159.90 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 $159.92 to $160.85 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 $161.93 to $162.80 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 $163.125 to $163.425 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 option shares are fully vested and may be exercised at any time.
F8 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.
F9 Represents 140,000 shares of Class B Common Stock held by the Reporting Person and Cristina Wallach as joint tenants with right of survivorship.
F10 Represents 130,000 shares of Class B Common Stock held by the Reporting Person and Cristina Wallach as joint tenants with right of survivorship.