Veeva Systems (NYSE: VEEV) director converts 253 RSUs into Class A shares

Rhea-AI Filing Summary

Veeva Systems director Paul J. Sekhri increased his direct equity stake through an RSU conversion. On June 1, 2026, he exercised 253 Restricted Stock Units, receiving 253 shares of Class A Common Stock.

Following the transaction, he directly holds 15,191 Class A shares. The filing notes the transaction is exempt from Section 16(b) under Rule 16b-6(b), and that each RSU represented the right to receive one share of Class A Common Stock.

Insights

Equity compensation specialist

Routine RSU vesting adds a small number of shares to the director’s holdings.

The filing shows Paul J. Sekhri, a director of Veeva Systems, converting 253 RSUs into the same number of Class A Common shares. This is a standard equity compensation event rather than an open‑market trade.

The transaction is exempt from Section 16(b) under Rule 16b-6(b), signaling it is treated as a routine derivative exercise. After the conversion, Sekhri directly owns 15,191 Class A shares, so the added shares are a small portion of his visible position.

Insider Trade Summary

253 shares exercised/converted

Mixed 2 txns

Insider SEKHRI PAUL J

Role null

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	253	$0.00	--
Exercise	Class A Common Stock	253	$0.00	--

Holdings After Transaction: Restricted Stock Units — 0 shares (Direct, null); Class A Common Stock — 15,191 shares (Direct, null)

Footnotes (1)

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. Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of Class A Common Stock of the Issuer. 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.

Key Figures

RSUs exercised: 253 units Shares received: 253 shares Shares owned after transaction: 15,191 shares +2 more

5 metrics

RSUs exercised 253 units Restricted Stock Units converted on June 1, 2026

Shares received 253 shares Class A Common Stock from RSU conversion

Shares owned after transaction 15,191 shares Total direct Class A holdings following RSU exercise

Section 16(b) status Exempt under Rule 16b-6(b) Footnote describing regulatory treatment of the transaction

Exercise price per RSU $0.00 per unit Conversion/exercise price for the 253 RSUs

Key Terms

Restricted Stock Units, Section 16(b), Rule 16b-6(b), Equity Incentive Plan, +1 more

5 terms

Restricted Stock Units financial

"Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of Class A Common Stock"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

Section 16(b) regulatory

"Transaction exempt from Section 16(b) of the Securities Exchange Act of 1934"

A federal rule that requires company insiders—like officers, directors and large shareholders—to return any profits made from buying and selling the company’s stock within a six-month window. It matters to investors because it discourages short-term trades that could exploit non-public information and helps protect outside shareholders by creating a simple, enforceable way to recover unfair gains, much like a rule stopping someone from flipping a limited-edition item for quick profit after getting early access.

Rule 16b-6(b) regulatory

"pursuant to Rule 16b-6(b) promulgated under the Act"

Equity Incentive Plan financial

"granted 1,013 RSUs under the Issuer's Amended & Restated 2013 Equity Incentive Plan"

An equity incentive plan is a program that gives employees, executives or directors the right to receive company stock or options to buy stock as part of their pay. Think of it as offering slices of future company profit to motivate people to boost long‑term performance; for investors it matters because it can align employee goals with shareholder value but also increases the number of shares outstanding, which can dilute existing ownership.

Class A Common Stock financial

"one share of Class A Common Stock of the Issuer"

Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.

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Form 4 Insider Transactions: What Each Field Means →

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 CALIFORNIA 94588

(City) (State) (Zip)

UNITED STATES

(Country)

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)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/01/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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	06/01/2026		M(1)		253	A	$0	15,191	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)	06/01/2026		M(1)			253	(3)	(3)	Class A Common Stock	253	$0	0	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	06/03/2026
	** 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.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did VEEVA SYSTEMS INC (VEEV) report for Paul J. Sekhri?

Veeva Systems reported that director Paul J. Sekhri converted 253 Restricted Stock Units into 253 shares of Class A Common Stock. This was recorded as an exercise of a derivative security, not as an open-market purchase or sale of shares.

How many VEEVA (VEEV) shares does Paul J. Sekhri hold after this Form 4 transaction?

After the RSU conversion, Paul J. Sekhri directly holds 15,191 shares of Veeva Systems Class A Common Stock. The 253 newly issued shares from the exercised RSUs represent only a small incremental increase to his overall reported equity position.

Was the June 1, 2026 VEEVA (VEEV) insider transaction a stock sale or purchase?

The June 1, 2026 transaction was neither an open-market sale nor purchase. It reflects the exercise and settlement of 253 Restricted Stock Units into 253 Class A shares, classified as a derivative exercise rather than a typical buy or sell trade.

What do the Restricted Stock Units in this VEEVA (VEEV) Form 4 represent?

Each Restricted Stock Unit in this filing represented a contingent right to receive one share of Veeva Systems Class A Common Stock. When vested and settled, 253 RSUs converted into 253 shares, as disclosed, increasing the director’s direct share ownership accordingly.

Why is the VEEVA (VEEV) RSU exercise by Paul J. Sekhri exempt from Section 16(b)?

The filing states the RSU-related transaction is exempt from Section 16(b) under Rule 16b-6(b) of the Securities Exchange Act. This rule generally exempts certain derivative security exercises, treating them differently from short-swing profit situations that Section 16(b) is designed to address.