Frederic Lequient - 27 Aug 2022 Form 4 Insider Report for VEEVA SYSTEMS INC (VEEV)

Role: SVP Global Customer Services
Signature: /s/ Jonathan Faddis, attorney-in-fact
Issuer symbol: VEEV
Transactions as of: 27 Aug 2022
Net transactions value: -$84,248
Form type: 4
Filing time: 30 Aug 2022, 18:58:59 UTC
Previous filing: 08 Apr 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	VEEV	Class A Common Stock	Options Exercise	$0	+1,177	+51%	$0.000000	3,498	27 Aug 2022	Direct	F1, F2
transaction	VEEV	Class A Common Stock	Tax liability	$84,248	-408	-12%	$206.49	3,090	27 Aug 2022	Direct	F3

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	-1,177	-25%	$0.000000	3,529	27 Aug 2022	Class A Common Stock	1,177		Direct	F2, F4

* 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	The RSUs were granted under the Issuer's 2013 Equity Incentive Plan. The Reporting Person was originally scheduled to vest ownership in the RSUs over one year with 1/4 of the RSUs vesting on July 1, 2022, and 1/4 of the RSUs vesting on a quarterly basis thereafter. Due to a leave of absence by the Reporting Person, the vesting schedule was adjusted such that 1/4 of the RSUs vest on August 27, 2022, and 1/4 of the RSUs vest on a quarterly basis thereafter, subject to continued service to the Issuer by the Reporting Person.