Timothy S. Cabral - Oct 5, 2023 Form 4 Insider Report for VEEVA SYSTEMS INC (VEEV)

Role
Director
Signature
/s/ Liang Dong, attorney-in-fact
Stock symbol
VEEV
Transactions as of
Oct 5, 2023
Transactions value $
-$2,958,097
Form type
4
Date filed
10/10/2023, 08:49 AM
Previous filing
Sep 5, 2023
Next filing
Oct 16, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VEEV Class A Common Stock Sale -$1.12M -5.68K -9.03% $196.58 57.2K Oct 5, 2023 By the Cabral Family Trust, dated April 17, 2001 F1, F2, F3
transaction VEEV Class A Common Stock Sale -$1.56M -7.92K -13.85% $197.27 49.3K Oct 5, 2023 By the Cabral Family Trust dated April 17, 2001 F1, F3, F4
transaction VEEV Class A Common Stock Sale -$99.3K -500 -1.01% $198.66 48.8K Oct 5, 2023 By the Cabral Family Trust dated April 17, 2001 F1, F3, F5
transaction VEEV Class A Common Stock Sale -$180K -900 -1.84% $199.82 47.9K Oct 5, 2023 By the Cabral Family Trust dated April 17, 2001 F1, F3, F6
holding VEEV Class A Common Stock 278 Oct 5, 2023 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The sales reported on this Form 4 were effected pursuant to Rule 10b5-1 trading plans adopted by the Reporting Person on June 30, 2023.
F2 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $196.0300 to $197.0200 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.
F3 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.
F4 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $197.0300 to $198.0000 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 $198.0400 to $199.0150 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 $199.4200 to $200.0000 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.