Timothy S. Cabral - Oct 15, 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 15, 2023
Transactions value $: $0
Form type: 4
Date filed: 10/16/2023, 07:34 PM
Previous filing: Oct 10, 2023
Next filing: Dec 4, 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	+5.5K	+11.48%	$0.00	53.4K	Oct 15, 2023	By the Cabral Family Trust dated April 17, 2001	F1, F2, F3
holding	VEEV	Class A Common Stock						278	Oct 15, 2023	Direct

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	Class B Common Stock	Conversion of derivative security	$0	-5.5K	-100%	$0.00^*	0	Oct 15, 2023	Class A Common Stock	5.5K		By the Cabral Family Trust, dated April 17, 2001	F1, F2, F3

* 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	This does not represent a sale or purchase of the Issuer's common stock; rather, it represents the automatic conversion of shares of the Issuer's Class B Common Stock into shares of the Issuer's Class A Common Stock, which automatic conversion occurred on October 15, 2023 pursuant to the terms of the Issuer's Amended and Restated Certificate of Incorporation.
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.