Alan Mateo - Oct 1, 2023 Form 4 Insider Report for VEEVA SYSTEMS INC (VEEV)

Role: EVP Global Sales
Signature: /s/ Liang Dong, attorney-in-fact
Stock symbol: VEEV
Transactions as of: Oct 1, 2023
Transactions value $: -$202,433
Form type: 4
Date filed: 10/2/2023, 08:58 PM
Previous filing: Jul 3, 2023
Next filing: Oct 6, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	VEEV	Class A Common Stock	Options Exercise	$0	+1.94K	+9.25%	$0.00	23K	Oct 1, 2023	Direct	F1, F2
transaction	VEEV	Class A Common Stock	Tax liability	-$202K	-995	-4.33%	$203.45	22K	Oct 1, 2023	Direct	F3
holding	VEEV	Class A Common Stock						7.35K	Oct 1, 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	-1.94K	-33.34%	$0.00	3.89K	Oct 1, 2023	Class A Common Stock	1.94K		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 Amended & Restated 2013 Equity Incentive Plan. The Reporting Person vests ownership in the RSUs over one year with 25% vesting on July 1, 2023, and 25% of the RSUs vesting on a quarterly basis thereafter, subject to continued service to the Issuer by the Reporting Person.