Lequient Frederic 4
4 · VEEVA SYSTEMS INC · Filed Aug 30, 2022
Insider Transaction Report
Form 4
Lequient Frederic
SVP Global Customer Service
Transactions
- Tax Payment
Class A Common Stock
2022-08-27$206.49/sh−408$84,248→ 3,090 total - Exercise/Conversion
Restricted Stock Units
2022-08-27−1,177→ 3,529 total→ Class A Common Stock (1,177 underlying) - Exercise/Conversion
Class A Common Stock
2022-08-27+1,177→ 3,498 total
Footnotes (4)
- [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.