Van Wagener Brian 4

4 · VEEVA SYSTEMS INC · Filed Apr 3, 2026

AI-generated summary of this filing

Updated Apr 3, 2026

Veeva (VEEV) CFO Brian Van Wagener Exercises RSUs, Withholds 370 Shares

What Happened

Brian Van Wagener, CFO of Veeva Systems, had 872 restricted stock units (RSUs) convert into 872 shares on April 1, 2026 (recorded as exercise/conversion of a derivative). There was no cash exercise price ($0.00) for the conversion. To cover tax withholding obligations, 370 shares were surrendered/withheld at an implied price of $172.74 per share, totaling about $63,914. The filing shows the conversion and the tax-withholding (net settlement) rather than an open-market sale.

Key Details

Transaction date: 2026-04-01; filing date (accession): 2026-04-03 (appears timely).
Conversion: 872 RSUs converted to 872 shares (price reported $0.00 for conversion).
Tax withholding: 370 shares withheld @ $172.74 = $63,914 (not an open-market sale; withheld by issuer).
Shares owned after transaction: Not specified in the provided filing excerpt.
Footnotes of note:
- RSUs = contingent right to one share (footnote F2).
- Withholding of shares to cover taxes; treated as net settlement and exempt from Section 16(b) (F3).
- RSUs granted under the company’s equity plan with a stated vesting schedule (F4).
- Some entries exempt under Rule 16b-6(b) (F1).
Transaction codes: M = exercise/conversion of derivative; F = payment of exercise price or tax liability (share withholding).

Context

This was a vesting/conversion of equity awards (RSUs) with shares withheld to satisfy tax obligations — a common administrative action that does not necessarily indicate a decision to sell stock in the market. The filing shows net settlement rather than an open-market sale of the withheld shares.

Form 4

Period: 2026-04-01

Chief Financial Officer

Transactions

Exercise/Conversion
Class A Common Stock
[F1][F2]
2026-04-01+872→ 8,753 total
Tax Payment
Class A Common Stock
[F3]
2026-04-01$172.74/sh−370$63,914→ 8,383 total
Exercise/Conversion
Restricted Stock Unit
[F2][F1][F4]
2026-04-01−872→ 0 total
→ Class A Common Stock (872 underlying)

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 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 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