Veeva Systems President & Chief of Staff Reports Routine RSU Vesting and Tax Withholding

Executive Summary

On October 1, 2026, Eleni Nitsa Zuppas, President & Chief of Staff of Veeva Systems Inc. ($VEEV), acquired 2,181 shares of Class A Common Stock via the settlement of vested Restricted Stock Units (RSUs). Concurrently, 1,110 shares were withheld by the issuer at a price of $281.93 per share ($312,942.30 total value) to satisfy applicable tax withholding requirements.

Transaction Details

• Derivative Exercise (Code M): 2,181 RSUs converted to Class A Common Stock at $0 per share, leaving 4,360 unvested RSUs.
• Tax Withholding (Code F): 1,110 shares were automatically withheld to cover tax obligations at a price of $281.93 per share.
• Net Share Change: Net addition of 1,071 Class A Common shares.
• Post-Transaction Holdings: Zuppas directly holds 34,489 shares of Class A Common Stock following the transaction.

Market & Strategic Context

This filing reflects standard quarterly equity compensation vesting rather than open-market buying or selling. Because the disposition was strictly a net-share settlement to cover statutory tax withholding, it provides no directional signal regarding executive sentiment on the company's valuation.