Zuppas Eleni Nitsa 4

4 · VEEVA SYSTEMS INC · Filed Apr 3, 2026

AI-generated summary of this filing

Updated Apr 3, 2026

VEEV President Eleni Zuppas Exercises RSUs; Shares Withheld for Taxes

What Happened

Eleni Nitsa Zuppas, President & Chief of Staff of Veeva Systems (VEEV), had RSUs vest on April 1, 2026. A total of 8,998 RSUs converted to shares (7,500 + 1,498). To satisfy tax withholding obligations, 4,002 shares were withheld at $172.74/share (total withheld ≈ $691,305), resulting in a net issuance of 4,996 shares to Zuppas. These were not open-market sales but a net settlement of vested awards.

Key Details

Transaction date: April 1, 2026; Form 4 filed April 3, 2026 (no late filing indicated).
RSUs converted: 7,500 and 1,498 (total 8,998) — conversion recorded as derivative exercises (code M).
Shares withheld for taxes: 3,464 and 538 (total 4,002) at $172.74/share; total value withheld = $598,371 + $92,934 = $691,305 (codes F; tax withholding).
Net shares received by insider: 8,998 − 4,002 = 4,996 shares.
Shares owned after the transaction: not specified in the provided excerpt of the filing.
Footnotes: RSUs represent contingent rights to one share each (F2); withholding was a net settlement (not a market sale) and exempt under Rule 16b-3(e) (F3); grants governed by the company’s 2013 Equity Incentive Plan with vesting details noted (F4, F5). Transaction exempt from Section 16(b) per Rule 16b-6(b) (F1).

Context

This was a routine equity award vesting and net-settlement for tax withholding (common for RSU vesting). The derivative code (M) indicates conversion/exercise of a derivative (RSU → share); the F-code disposals reflect shares withheld to cover taxes, not discretionary share sales. No 10b5-1 plan or gift was reported in the provided notes.

Form 4

Period: 2026-04-01

President & Chief of Staff

Transactions

Exercise/Conversion
Class A Common Stock
[F1][F2]
2026-04-01+7,500→ 33,742 total
Tax Payment
Class A Common Stock
[F3]
2026-04-01$172.74/sh−3,464$598,371→ 30,278 total
Exercise/Conversion
Class A Common Stock
[F1][F2]
2026-04-01+1,498→ 31,776 total
Tax Payment
Class A Common Stock
[F3]
2026-04-01$172.74/sh−538$92,934→ 31,238 total
Exercise/Conversion
Restricted Stock Units
[F2][F1][F4]
2026-04-01−7,500→ 0 total
→ Class A Common Stock (7,500 underlying)
Exercise/Conversion
Restricted Stock Units
[F2][F1][F5]
2026-04-01−1,498→ 0 total
→ Class A Common Stock (1,498 underlying)

Footnotes (5)

[F1]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.
[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 Amended & Restated 2013 Equity Incentive Plan (the "Plan"). The Reporting Person vests 100% ownership in the RSUs on April 1, 2026, subject to continued service to the Issuer by the Reporting Person.
[F5]The RSUs were granted under the Plan. The Reporting Person vests ownership in the RSUs over one year with 25% vesting on July 1, 2025, and 25% of the RSUs vesting on a quarterly basis thereafter, subject to continued service to the Issuer by the Reporting Person.

Signature

/s/ Liang Dong, attorney-in-fact|2026-04-03

1 file