ALAN MATEO - 01 Apr 2023 Form 4 Insider Report for VEEVA SYSTEMS INC (VEEV)

Role: EVP Global Sales
Signature: /s/ Richard Blake, attorney-in-fact
Issuer symbol: VEEV
Transactions as of: 01 Apr 2023
Net transactions value: -$117,442
Form type: 4
Filing time: 04 Apr 2023, 17:17:43 UTC
Previous filing: 04 Jan 2023
Next filing: 10 Apr 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	VEEV	Class A Common Stock	Options Exercise	$0	+1,765	+9.5%	$0.000000	20,408	01 Apr 2023	Direct	F1, F2
transaction	VEEV	Class A Common Stock	Tax liability	$117,442	-639	-3.1%	$183.79	19,769	01 Apr 2023	Direct	F3
holding	VEEV	Class A Common Stock						7,349	01 Apr 2023	By Carol Mateo TTEE U/A 11/30/20	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	-1,765	-100%	$0.000000^*	0	01 Apr 2023	Class A Common Stock	1,765		Direct	F1, F2, F5

* 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	Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of Class A Common Stock of the Issuer.
F3	Represents shares that have been withheld by the Issuer to satisfy tax withholding and remittance obligations in connection with the net settlement of vested restricted stock units and not a market transaction. Transaction exempt from Section 16(b) of the Act pursuant to Rule 16b-3(e) promulgated under the Act.
F4	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.
F5	The RSUs were granted under the Issuer's 2013 Equity Incentive Plan. The Reporting Person vests ownership in the RSUs over one year with 25% of the RSUs vesting on July 1, 2022, and 25% of the RSUs vesting on a quarterly basis thereafter, subject to continued service to the Issuer by the Reporting Person.