Veeva Systems Officer Thomas Schwenger Files Form 144 to Sell $787K in Stock

Form 144 Analysis: Veeva Systems Inc. ($VEEV)

Transaction Overview

• Filer: Thomas D. Schwenger, Officer
• Securities to be Sold: 3,000 shares of Common Stock
• Aggregate Market Value: $787,200.00 (~$262.40/share)
• Approximate Sale Date: September 14, 2026
• Broker: Morgan Stanley Smith Barney LLC
• Shares Outstanding: 161,908,850

Nature of Shares

• The 3,000 shares being proposed for sale originated from Restricted Stock Units (RSUs) acquired directly from the issuer on October 1, 2023.

Trading Plan & Recent History

• 10b5-1 Trading Plan: The proposed sale is executed pursuant to a pre-scheduled Rule 10b5-1 trading plan adopted on October 14, 2025.
• Sales in Past 3 Months:
  • August 27, 2026: 10,000 shares for $2,813,300.00
  • August 13, 2026: 36,000 shares for $9,008,388.00
  • July 16, 2026: 5,000 shares for $1,000,000.00
  • Total Past 3-Month Realized Proceeds: $12,821,688.00 across 51,000 shares.

Market Impact & Assessment

• Significance: Low
• The proposed sale represents a negligible percentage (<0.002%) of Veeva's total outstanding shares and is executed under a pre-established Rule 10b5-1 plan, indicating routine liquidity management rather than opportunistic insider sentiment.