Veeva Systems Director Mark Carges Acquires Shares via RSU Vesting

Executive Summary

On September 1, 2026, Mark T. Carges, a Director of Veeva Systems Inc. ($VEEV), acquired 493 shares of Class A Common Stock through the scheduled vesting and settlement of Restricted Stock Units (RSUs). The transaction was reported on Form 4 filed with the SEC on September 3, 2026.

Transaction Breakdown

• Security: Class A Common Stock
• Transaction Code: M (Exercise or conversion of derivative security)
• Shares Acquired: 493 shares at $0.00 per share
• Post-Transaction Direct Holdings: 493 shares
• Indirect Holdings: 12,953 shares held by the Mark Carges Revocable Trust dated 01/30/2019
• Remaining Derivative Holdings: 1,477 RSUs scheduled to vest quarterly

Market & Governance Context

This transaction represents routine equity compensation vesting under the Issuer's Amended & Restated 2013 Equity Incentive Plan, granted on June 17, 2026. Because this transaction involves no open-market purchase or sale, it carries Low trading significance.