SEKHRI PAUL J 4

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.