Veeva Systems CAO Vipin Kondath Reports RSU Vesting and Tax Withholding

Executive Summary

On October 1, 2026, Vipin Kondath, Chief Accounting Officer of Veeva Systems Inc. (NYSE: VEEV), settled 168 vested Restricted Stock Units (RSUs) into Class A Common Stock. In connection with this vesting event, 61 shares were withheld by the issuer at a price of $281.93 per share to satisfy statutory tax withholding requirements, totaling approximately $17,197.73.

Following the transactions, Mr. Kondath directly holds 2,890 shares of Class A Common Stock and 334 unvested RSUs.

Transaction Details

• RSU Conversion (Code M): 168 RSUs converted into 168 shares of Class A Common Stock at $0.00.
• Tax Withholding (Code F): 61 shares disposed at $281.93 per share to meet tax withholding obligations.
• Net Addition: 107 shares added to direct holdings.
• Post-Transaction Holdings: 2,890 shares of Class A Common Stock held directly.

Market & Governance Impact

This filing reflects routine equity compensation mechanics rather than discretionary open-market buying or selling. The disposition was mandated by net settlement tax obligations (Code F) pursuant to Rule 16b-3(e) under the Securities Exchange Act of 1934. Because this transaction does not represent an active market sentiment decision by the executive, its trading significance is Low.