Timothy S. Cabral - Jan 12, 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 12, 2023
Transactions value $: -$730,294
Form type: 4
Date filed: 1/17/2023, 08:14 PM
Previous filing: Dec 8, 2022
Next filing: Feb 16, 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	+4.5K	+370.68%	$0.00	5.71K	Jan 12, 2023	Direct	F1
transaction	VEEV	Class A Common Stock	Sale	-$730K	-4.5K	-78.75%	$162.29	1.21K	Jan 12, 2023	Direct
holding	VEEV	Class A Common Stock						93.1K	Jan 12, 2023	By the Cabral Family Trust, dated April 17, 2001	F2

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	-4.5K	-100%	$0.00^*	0	Jan 12, 2023	Class B Common Stock	4.5K	$3.92	Direct	F1, F3
transaction	VEEV	Class B Common Stock	Options Exercise	$0	+4.5K		$0.00	4.5K	Jan 12, 2023	Class A Common Stock	4.5K	$3.92	Direct	F1, F4
transaction	VEEV	Class B Common Stock	Conversion of derivative security	$0	-4.5K	-100%	$0.00^*	0	Jan 12, 2023	Class A Common Stock	4.5K		Direct	F1, F4
holding	VEEV	Class B Common Stock						5.5K	Jan 12, 2023	Class A Common Stock	5.5K		By the Cabral Family Trust, dated April 17, 2001	F2, F4

* 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	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.
F3	The option shares are fully vested and may be exercised at any time.
F4	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.