Matthew J. Wallach - Dec 4, 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
Dec 4, 2023
Transactions value $
-$895,731
Form type
4
Date filed
12/5/2023, 12:37 PM
Previous filing
Dec 1, 2023
Next filing
Jan 8, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VEEV Class A Common Stock Sale -$170K -956 -0.8% $178.31 118K Dec 4, 2023 Direct F1, F2
transaction VEEV Class A Common Stock Sale -$581K -3.24K -2.75% $179.17 115K Dec 4, 2023 Direct F1, F3
transaction VEEV Class A Common Stock Sale -$144K -800 -0.7% $180.05 114K Dec 4, 2023 Direct F1, F4
holding VEEV Class A Common Stock 100K Dec 4, 2023 By Matt Wallach 2012 Irrevocable Trust dated October 15, 2012
holding VEEV Class A Common Stock 50K Dec 4, 2023 By Matt Wallach 2012 Irrevocable Non-Grantor Trust dated October 15, 2012
holding VEEV Class A Common Stock 100K Dec 4, 2023 By Matt Wallach 2013 Irrevocable Trust dated August 13, 2013
* 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 This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on June 13, 2023.
F2 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $177.7700 to $178.7400 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 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $178.7700 to $179.7500 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.
F4 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $179.7900 to $180.3500 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.