Company: VEEV
Filing Date: 2025-05-05
Form Type: DEF 14A
Source: 0001140361-25-017353
Chunk: 55

Company: VEEVA SYSTEMS INC
Filing Date: 2025-05-05
Form: DEF 14A
Chunk 55
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 3,085,213 |
| 4/5/2024            |     | 7,636 (8) |     | —                 |     |                — |     | 1,639,678 |     |               |
| E. Nitsa Zuppas     |     | 4/5/2024  |     | —                 |     |       21,180 (7) |     |    214.73 |     |     2,139,366 |
| 4/5/2024            |     | 5,295 (8) |     | —                 |     |                — |     | 1,136,995 |     |               |

| (1) | The amounts reported represent the aggregate grant date fair value of RSUs and options to purchase shares of our common stock, computed in accordance with FASB ASC Topic No. 718. See notes 1 and 11 of the notes to our consolidated financial statements included in our Annual Report on Form 10-K, filed on March 24, 2025, for a discussion of the assumptions made by us in determining the grant date fair value of our equity awards. These amounts do not purport to reflect the value that will be recognized by the NEOs upon sale of the underlying securities. |

| (2) | The stock options vest over five years, with 20% of the shares vesting on February 1, 2026, and 20% of the total shares vesting equally on a yearly basis thereafter, subject to Mr. Gassner’s continued service as our CEO and the performance-based vesting condition related to achievement of the Stock Price Target of $236.90 per share for at least 60 consecutive trading days during the vesting period between February 1, 2025 and February 1, 2030. See discussion in “Principal Elements of Compensation—Equity Awards—CEO Equity Compensation” for additional details about this award. |

| (3) | 100% of the stock options vest on August 1, 2028, subject to Mr. Van Wagener’s continued service to Veeva. |

| (4) | The stock options vest over four years, with 25% of the shares vesting on August 1, 2025, and 25% of the total shares vesting equally on a yearly basis thereafter, subject to Mr. Van Wagener’s