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[Form 4] Veeva Systems Inc. Insider Trading Activity

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
4
Rhea-AI Filing Summary

Paul J. Sekhri, a director of Veeva Systems Inc. (VEEV), reported vesting of restricted stock units that converted into 253 shares of Class A common stock on September 1, 2025. The Form 4 shows the transaction code M indicating a sale following vesting, with a reported price of $0 for the vested RSUs because RSUs convert into shares rather than require purchase. After the reported transaction the reporting person beneficially owned 16,922 shares of Class A common stock. The filing notes the RSUs were granted June 18, 2025 under the company equity incentive plan, with one-quarter vesting on September 1, 2025 and the remainder vesting quarterly thereafter, subject to continued board service. The transaction is reported as exempt from Section 16(b) under Rule 16b-6(b).

Paul J. Sekhri, membro del consiglio di Veeva Systems Inc. (VEEV), ha visto maturare unità azionarie soggette a restrizioni che si sono convertite in 253 azioni di azioni ordinarie di Classe A il 1° settembre 2025. Il Modulo 4 indica il codice M, che segnala una vendita successiva alla maturazione, con un prezzo riportato di 0 $ per le RSU maturate poiché le RSU si trasformano in azioni senza necessità di acquisto. Dopo l’operazione segnalata, la persona indicata deteneva beneficiariamente 16.922 azioni di Classe A. La comunicazione precisa che le RSU sono state concesse il 18 giugno 2025 nell’ambito del piano di incentivazione azionaria della società, con un quarto delle RSU che è maturato il 1° settembre 2025 e il resto che matura trimestralmente successivamente, subordinato al proseguimento del servizio in consiglio. La transazione è segnalata come esente dalla Sezione 16(b) ai sensi della Regola 16b-6(b).

Paul J. Sekhri, miembro del consejo de Veeva Systems Inc. (VEEV), informó la consolidación de unidades restringidas de acciones que se convirtieron en 253 acciones ordinarias Clase A el 1 de septiembre de 2025. El Formulario 4 muestra el código de transacción M, que indica una venta tras la consolidación, con un precio declarado de 0 $ para las RSU consolidadas, ya que las RSU se convierten en acciones sin requerir compra. Tras la transacción reportada, la persona informante poseía beneficiariamente 16.922 acciones de Clase A. La presentación señala que las RSU se otorgaron el 18 de junio de 2025 bajo el plan de incentivos de capital de la compañía, con una cuarta parte consolidándose el 1 de septiembre de 2025 y el resto consolidándose trimestralmente después, sujeto a la continuidad del servicio en la junta. La transacción se informa como exenta de la Sección 16(b) según la Regla 16b-6(b).

Veeva Systems Inc.(VEEV) 이사� Paul J. Sekhri� 2025� 9� 1일에 제한부 주식 단위(RSU)가 보통� 클래� A 253주로 전환되어 성취되었음을 보고했습니다. Form 4� 성취 � 매도� 나타내는 거래 코드 M� 표시했으�, RSU� 매입� 필요하지 않고 주식으로 전환되므� 성취� RSU� 대� 보고� 가격은 $0입니�. 보고� 거래 이후 해당 인물은 클래� A 보통� 16,922주를 실질적으� 보유하고 있었습니�. 서류에는 RSU가 2025� 6� 18� 회사� 주식 인센티브 계획� 따라 부여되었으�, 1/4은 2025� 9� 1일에 성취되고 나머지� 이후 분기별로 성취되며 이사� 근무 지속이 조건이라� 명시되어 있습니다. � 거래� 규칙 16b-6(b)� 따라 섹션 16(b)에서 면제� 것으� 보고되었습니�.

Paul J. Sekhri, administrateur de Veeva Systems Inc. (VEEV), a déclaré l’acquisition par vesting d’unités d’actions restreintes qui se sont converties en 253 actions ordinaires de catégorie A le 1er septembre 2025. Le formulaire 4 indique le code de transaction M, signifiant une vente après vesting, avec un prix déclaré de 0 $ pour les RSU acquises, car les RSU se convertissent en actions sans achat requis. Après la transaction déclarée, la personne concernée détenait bénéficiairement 16 922 actions de catégorie A. Le dépôt précise que les RSU ont été attribuées le 18 juin 2025 dans le cadre du plan d’incitation en actions de la société, qu’un quart a été acquis le 1er septembre 2025 et que le reste s’acquiert trimestriellement par la suite, sous réserve de la poursuite du mandat au conseil. La transaction est déclarée exonérée de la section 16(b) en vertu de la règle 16b-6(b).

Paul J. Sekhri, Direktor von Veeva Systems Inc. (VEEV), meldete das Vesting von Restricted Stock Units, die sich am 1. September 2025 in 253 Aktien der Klasse A wandelten. Das Formular 4 zeigt den Transaktionscode M an, was auf einen Verkauf nach dem Vesting hinweist, mit einem angegebenen Preis von 0 $ für die vested RSUs, da RSUs in Aktien umgewandelt werden und keinen Kauf erfordern. Nach der gemeldeten Transaktion hielt die meldende Person wirtschaftlich 16.922 Aktien der Klasse A. Die Einreichung weist aus, dass die RSUs am 18. Juni 2025 im Rahmen des Aktienanreizplans des Unternehmens gewährt wurden, wobei ein Viertel am 1. September 2025 vested und der Rest danach vierteljährlich vestet, vorbehaltlich der Fortsetzung der Vorstandsmitgliedschaft. Die Transaktion wird gemäß Regel 16b-6(b) von Abschnitt 16(b) ausgenommen gemeldet.

Positive
  • 253 RSUs vested and converted into 253 shares on 09/01/2025
  • Post-transaction beneficial ownership of 16,922 shares is disclosed
Negative
  • None.

Insights

Routine director RSU vesting; no material change to control or capital structure.

The filing documents a standard equity compensation event: 253 RSUs vested and converted into 253 shares of Class A common stock on 09/01/2025, increasing reported beneficial ownership to 16,922 shares. The grant date (06/18/2025) and vesting schedule are disclosed, and the report cites Rule 16b-6(b) for exemption from short-swing profit liability. This is a typical, non-material insider transaction reflecting compensation vesting for continued board service rather than a strategic transaction.

Disclosure aligns with standard governance practices for director equity awards.

The Form 4 provides required detail: grant date, vesting tranche (1/4 on 09/01/2025), remaining quarterly vesting, and post-transaction beneficial ownership. The signature by an attorney-in-fact is included. All material details present in the filing indicate proper reporting of a routine RSU vesting event under the companys equity plan.

Paul J. Sekhri, membro del consiglio di Veeva Systems Inc. (VEEV), ha visto maturare unità azionarie soggette a restrizioni che si sono convertite in 253 azioni di azioni ordinarie di Classe A il 1° settembre 2025. Il Modulo 4 indica il codice M, che segnala una vendita successiva alla maturazione, con un prezzo riportato di 0 $ per le RSU maturate poiché le RSU si trasformano in azioni senza necessità di acquisto. Dopo l’operazione segnalata, la persona indicata deteneva beneficiariamente 16.922 azioni di Classe A. La comunicazione precisa che le RSU sono state concesse il 18 giugno 2025 nell’ambito del piano di incentivazione azionaria della società, con un quarto delle RSU che è maturato il 1° settembre 2025 e il resto che matura trimestralmente successivamente, subordinato al proseguimento del servizio in consiglio. La transazione è segnalata come esente dalla Sezione 16(b) ai sensi della Regola 16b-6(b).

Paul J. Sekhri, miembro del consejo de Veeva Systems Inc. (VEEV), informó la consolidación de unidades restringidas de acciones que se convirtieron en 253 acciones ordinarias Clase A el 1 de septiembre de 2025. El Formulario 4 muestra el código de transacción M, que indica una venta tras la consolidación, con un precio declarado de 0 $ para las RSU consolidadas, ya que las RSU se convierten en acciones sin requerir compra. Tras la transacción reportada, la persona informante poseía beneficiariamente 16.922 acciones de Clase A. La presentación señala que las RSU se otorgaron el 18 de junio de 2025 bajo el plan de incentivos de capital de la compañía, con una cuarta parte consolidándose el 1 de septiembre de 2025 y el resto consolidándose trimestralmente después, sujeto a la continuidad del servicio en la junta. La transacción se informa como exenta de la Sección 16(b) según la Regla 16b-6(b).

Veeva Systems Inc.(VEEV) 이사� Paul J. Sekhri� 2025� 9� 1일에 제한부 주식 단위(RSU)가 보통� 클래� A 253주로 전환되어 성취되었음을 보고했습니다. Form 4� 성취 � 매도� 나타내는 거래 코드 M� 표시했으�, RSU� 매입� 필요하지 않고 주식으로 전환되므� 성취� RSU� 대� 보고� 가격은 $0입니�. 보고� 거래 이후 해당 인물은 클래� A 보통� 16,922주를 실질적으� 보유하고 있었습니�. 서류에는 RSU가 2025� 6� 18� 회사� 주식 인센티브 계획� 따라 부여되었으�, 1/4은 2025� 9� 1일에 성취되고 나머지� 이후 분기별로 성취되며 이사� 근무 지속이 조건이라� 명시되어 있습니다. � 거래� 규칙 16b-6(b)� 따라 섹션 16(b)에서 면제� 것으� 보고되었습니�.

Paul J. Sekhri, administrateur de Veeva Systems Inc. (VEEV), a déclaré l’acquisition par vesting d’unités d’actions restreintes qui se sont converties en 253 actions ordinaires de catégorie A le 1er septembre 2025. Le formulaire 4 indique le code de transaction M, signifiant une vente après vesting, avec un prix déclaré de 0 $ pour les RSU acquises, car les RSU se convertissent en actions sans achat requis. Après la transaction déclarée, la personne concernée détenait bénéficiairement 16 922 actions de catégorie A. Le dépôt précise que les RSU ont été attribuées le 18 juin 2025 dans le cadre du plan d’incitation en actions de la société, qu’un quart a été acquis le 1er septembre 2025 et que le reste s’acquiert trimestriellement par la suite, sous réserve de la poursuite du mandat au conseil. La transaction est déclarée exonérée de la section 16(b) en vertu de la règle 16b-6(b).

Paul J. Sekhri, Direktor von Veeva Systems Inc. (VEEV), meldete das Vesting von Restricted Stock Units, die sich am 1. September 2025 in 253 Aktien der Klasse A wandelten. Das Formular 4 zeigt den Transaktionscode M an, was auf einen Verkauf nach dem Vesting hinweist, mit einem angegebenen Preis von 0 $ für die vested RSUs, da RSUs in Aktien umgewandelt werden und keinen Kauf erfordern. Nach der gemeldeten Transaktion hielt die meldende Person wirtschaftlich 16.922 Aktien der Klasse A. Die Einreichung weist aus, dass die RSUs am 18. Juni 2025 im Rahmen des Aktienanreizplans des Unternehmens gewährt wurden, wobei ein Viertel am 1. September 2025 vested und der Rest danach vierteljährlich vestet, vorbehaltlich der Fortsetzung der Vorstandsmitgliedschaft. Die Transaktion wird gemäß Regel 16b-6(b) von Abschnitt 16(b) ausgenommen gemeldet.

SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a 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). See Instruction 10.
1. Name and Address of Reporting Person*
SEKHRI PAUL J

(Last) (First) (Middle)
C/O VEEVA SYSTEMS INC.
4280 HACIENDA DRIVE

(Street)
PLEASANTON CA 94588

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
VEEVA SYSTEMS INC [ VEEV ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
09/01/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Class A Common Stock 09/01/2025 M(1) 253 A $0 16,922 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Stock Units (2) 09/01/2025 M(1) 253 (3) (3) Class A Common Stock 253 $0 760 D
Explanation of Responses:
1. 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.
2. Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of Class A Common Stock of the Issuer.
3. On June 18, 2025, the Reporting Person was granted 1,013 RSUs under the Issuer's Amended & Restated 2013 Equity Incentive Plan, of which 1/4 of the RSUs vested on September 1, 2025, with the remaining RSUs vesting equally on a quarterly basis thereafter, subject to continued service on the Issuer's board of directors on the applicable vesting date.
Remarks:
/s/ Liang Dong, attorney-in-fact 09/03/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What transaction did Paul J. Sekhri file on Form 4 for VEEV?

The Form 4 reports the vesting and conversion of 253 Restricted Stock Units (RSUs) into 253 shares of Class A common stock on 09/01/2025.

How many VEEV shares does the reporting person beneficially own after the transaction?

The filing shows 16,922 shares of Class A common stock beneficially owned following the reported transaction.

When were the RSUs originally granted and what is the vesting schedule?

The RSUs were granted on 06/18/2025 with 1/4 vesting on 09/01/2025 and the remainder vesting equally on a quarterly basis thereafter, subject to continued board service.

Was the transaction subject to short-swing profit rules under Section 16(b)?

The filing states the transaction is exempt from Section 16(b) pursuant to Rule 16b-6(b).

Who signed the Form 4 filing on behalf of the reporting person?

The Form 4 was signed by Liang Dong, attorney-in-fact on 09/03/2025.
Veeva Sys Inc

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44.12B
149.93M
8.55%
89.77%
2.83%
Health Information Services
Services-prepackaged Software
United States
PLEASANTON