Former Veeva Systems Affiliate Thomas Schwenger Files Form 144 to Sell $900K in Stock

Executive Summary

On October 15, 2026, Thomas Schwenger, designated as a Former Affiliate of Veeva Systems Inc. ($VEEV), submitted a Form 144 notice disclosing the intent to sell 3,000 shares of common stock with an aggregate market value of $900,000.00 (implying an average share price of approximately $300.00).

Transaction & Acquisition Details

• Securities to be Sold: 3,000 shares of Class Common stock.
• Approximate Sale Date: October 15, 2026.
• Broker: Morgan Stanley Smith Barney LLC Executive Financial Services.
• Origin of Shares: All 3,000 shares were acquired through restricted stock vesting under a registered plan in exchange for services rendered across four separate vest dates:
  • 241 shares on January 1, 2024
  • 395 shares on October 1, 2022
  • 1,257 shares on April 1, 2023
  • 1,107 shares on July 1, 2024

Historical Context & Past 3-Month Sales

The filer has engaged in substantial selling activity over the trailing three months prior to this notice:

• 10/14/2026: 6,695 shares for $1,984,498.43
• 10/05/2026: 132,751 shares for $37,134,886.63
• 09/14/2026: 1,000 shares for $265,200.00
• 08/27/2026: 10,000 shares for $2,813,300.00
• 08/13/2026: 36,000 shares for $9,008,388.00
• 07/16/2026: 5,000 shares for $1,000,000.00

Total trailing three-month gross proceeds exceed $52.2 million across 191,446 shares.

Market Impact & Significance

• Significance: Low.
• While the individual transaction size ($900,000) represents a negligible fraction of Veeva's 161.9 million shares outstanding, it represents a continuation of orderly post-departure liquidation by a former executive affiliate rather than an informational signal regarding Veeva's forward operational performance.