SEKHRI PAUL J 4

4 · VEEVA SYSTEMS INC · Filed Jun 3, 2026

AI-generated summary of this filing

Updated Jun 3, 2026

Veeva (VEEV) Director Paul J. Sekhri Converts 253 RSUs to Shares

What Happened

Paul J. Sekhri, a director of Veeva Systems (VEEV), had 253 restricted stock units (RSUs) convert into 253 shares on June 1, 2026. The Form 4 records an acquisition of 253 shares at $0.00 (conversion/exercise of a derivative) and a simultaneous disposition of 253 shares also at $0.00 (reported as a derivative transaction).
No cash price or dollar value is reported for these transactions.

Key Details

Transaction date: June 1, 2026; Form 4 filed June 3, 2026 (appears timely under the 2-business-day rule).
Reported price: $0.00 for both the acquisition (conversion) and the disposition.
Shares owned after transaction: not specified in the information provided.
Footnotes included in the filing:
- F1: Transaction exempt from Section 16(b) under Rule 16b-6(b).
- F2: Confirms each RSU converts to one share of Class A common stock.
- F3: The RSUs were granted June 18, 2025 (1,013 RSUs total), with vesting beginning Sept 1, 2025 and continuing quarterly thereafter, subject to continued service.
Transaction code: M (exercise or conversion of derivative).

Context

This filing documents conversion of equity awards (RSUs) rather than an open-market buy or sale. The Form 4 does not state the reason for the same-day disposition (e.g., tax withholding or transfer), so no motive should be inferred.

Form 4

Period: 2026-06-01

Director

Transactions

Exercise/Conversion
Class A Common Stock
[F1]
2026-06-01+253→ 15,191 total
Exercise/Conversion
Restricted Stock Units
[F2][F1][F3]
2026-06-01−253→ 0 total
→ Class A Common Stock (253 underlying)

Footnotes (3)

[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]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.

Signature

/s/ Liang Dong, attorney-in-fact|2026-06-03

1 file