Thomas D. Schwenger, President and Chief Customer Officer of Veeva Systems Inc., filed a Form 4 on August 17, 2026, disclosing transactions in Class A Common Stock executed on August 13, 2026, including a stock option exercise and multiple share sales conducted under a Rule 10b5-1 trading plan.

Key Highlights

  • Option exercise: Schwenger exercised a stock option for 35,000 shares of Class A Common Stock at an exercise price of $154 per share on August 13, 2026.
  • Shares sold - first tranche: 1,000 shares were disposed of at $241.91 per share on August 13, 2026.
  • Shares sold - second tranche: 33,181 shares were disposed of at a weighted average price of $250.4403 per share, with individual transactions ranging from $250.0000 to $250.8700.
  • Shares sold - third tranche: 1,819 shares were disposed of at a weighted average price of $251.028 per share, with individual transactions ranging from $251.0000 to $251.1700.
  • Remaining beneficial ownership: Following all reported transactions, Schwenger directly held 19,449 shares of Class A Common Stock.
  • Trading plan: All sales were effected pursuant to a Rule 10b5-1 trading plan adopted by Schwenger on October 14, 2025.
  • Option status: The 35,000 option shares exercised are described as fully vested and exercisable at any time, with an expiration date of October 3, 2029.

Schwenger's August 2026 Transactions in Veeva Systems Class A Common Stock

According to the filing, Thomas D. Schwenger, identified as President and Chief Customer Officer of Veeva Systems Inc. (NYSE:VEEV), reported a series of transactions in the company's Class A Common Stock on August 13, 2026. The Form 4 was signed by Liang Dong as attorney-in-fact and filed on August 17, 2026. All sales disclosed in the filing were made pursuant to a Rule 10b5-1 trading plan that the reporting person adopted on October 14, 2025.

The filing shows that Schwenger first exercised a stock option covering 35,000 shares at an exercise price of $154 per share. The filing notes this transaction is "exempt from Section 16(b) of the Securities Exchange Act of 1934 pursuant to Rule 16b-3 promulgated under the Act." The option, with an expiration date of October 3, 2029, is described in the filing as fully vested. Following the exercise, Schwenger's direct holdings rose to 54,449 shares before subsequent sales reduced the total.

Three separate sale transactions were also reported on August 13, 2026. The first involved 1,000 shares at $241.91 per share. The second and third involved 33,181 shares and 1,819 shares, respectively, both at weighted average prices reflecting sales across narrow price ranges. After all three sales, the filing reports Schwenger's direct beneficial ownership stood at 19,449 shares of Class A Common Stock. No indirect ownership was reported.

What Was Disclosed

The filing discloses a stock option exercise of 35,000 shares and three separate sales totaling 36,000 shares by Veeva Systems' President and Chief Customer Officer on August 13, 2026, all conducted under a pre-established Rule 10b5-1 trading plan.