Schwenger Thomas D. 4

What Happened
Thomas D. Schwenger, President & Chief Customer Officer of Veeva Systems (VEEV), sold 1,000 shares on March 5, 2026 at $200.00 per share, for a total proceeds of $200,000. This was a sale (not a purchase), which for executives is often routine and may reflect pre-set selling rather than a new view on the company.

Key Details

• Transaction date and price: 2026-03-05 — 1,000 shares at $200.00 each. Total proceeds: $200,000.
• Filing date: Form 4 filed March 9, 2026 (Accession: 0001628280-26-016065).
• Shares owned after transaction: Not specified in the provided filing summary.
• Footnote: The sale was executed pursuant to a Rule 10b5-1 trading plan adopted by Schwenger on October 14, 2025.
• Transaction type/code: Reported as a sale (S) via open-market or private sale.
• Timeliness: Filing appears timely (filed within the typical two-business-day Form 4 reporting window).

Context
Sales made under a Rule 10b5-1 plan are prearranged transactions and are generally viewed as routine — they do not necessarily indicate a change in the insider’s view of the company. For retail investors, purchases typically carry more weight as a potential positive signal; reported sales like this are common and may be driven by diversification, tax planning, or other personal reasons.