Kristine Diamond - 21 Aug 2023 Form 4 Insider Report for VEEVA SYSTEMS INC (VEEV)

Signature
/s/ Liang Dong, attorney-in-fact
Issuer symbol
VEEV
Transactions as of
21 Aug 2023
Net transactions value
$0
Form type
4
Filing time
21 Aug 2023, 21:39:37 UTC
Previous filing
18 Aug 2021
Next filing
03 Jan 2024

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) Award $0 +1,755 $0.000000 1,755 21 Aug 2023 Class A Common Stock 1,755 $188.06 Direct F1, F2
transaction VEEV Restricted Stock Units Award $0 +585 $0.000000 585 21 Aug 2023 Class A Common Stock 585 Direct F1, F3, F4
transaction VEEV Restricted Stock Units Award $0 +4,124 $0.000000 4,124 21 Aug 2023 Class A Common Stock 4,124 Direct F1, F3, 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 the Act.
F2 The options were granted under the Issuer's Amended & Restated 2013 Equity Incentive Plan ("Plan"). The Reporting Person vests ownership in this option over four years, with 25% of the shares subject to the award vesting August 1, 2024, and 1/4 of the shares vesting on an annual basis thereafter, subject to continued service to the Issuer by the Reporting Person.
F3 Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of Class A Common Stock of the Issuer.
F4 The RSUs were granted under the Plan. The Reporting Person vests ownership in the RSUs over 8-months with 62.50% vesting on January 1, 2024, and 37.50% of the RSUs vesting on a quarterly basis thereafter, subject to continued service to the Issuer by the Reporting Person.
F5 The RSUs were granted under the Plan. The Reporting Person vests 100% ownership in the RSUs on August 1, 2027, subject to continued service to the Issuer by the Reporting Person.