Veeva Systems Director Reports Pro-Rata Fund Distribution and RSU Vesting

Executive Summary

On September 3, 2026, Veeva Systems Inc. ($VEEV) director Gordon Ritter filed a Form 4 disclosing non-derivative transactions executed on September 1, 2026. The reported transactions primarily reflect an exempt in-kind pro-rata distribution of Class A Common Stock by Emergence Capital Partners II, L.P., along with routine quarterly RSU vesting.

Transaction Highlights

1. Partnership In-Kind Distribution (Code J):

   • Emergence Capital Partners II, L.P. distributed 250,000 shares of Class A Common Stock pro-rata to its partners for no consideration pursuant to Rule 16a-9(a) and Rule 16a-13.
   • Following the distribution, Emergence Capital Partners II, L.P. retains indirect beneficial ownership of 250,000 shares.
   • The Ritter-Metzler Revocable Trust received 15,585 shares from this distribution, bringing its indirect beneficial holdings to 591,161 shares.

2. Restricted Stock Unit Vesting (Code M):

   • 541 RSUs vested into 541 shares of Class A Common Stock held directly by Mr. Ritter, bringing his direct ownership to 1,136 shares.
   • 1,623 RSUs remain unvested under the original grant from June 17, 2026.

3. Other Indirect Holdings:

   • GABACOR Holdings LLC holds 92,000 shares indirectly.

Market & Governance Context

These transactions represent administrative ownership reallocations and scheduled equity compensation vesting rather than discretionary open-market buying or selling. Consequently, this filing carries Low trading significance.