Item 5. OTHER INFORMATION.
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Item 5. OTHER INFORMATION.
Rule 10b5-1 Trading Plans
The following table sets forth the material terms of all “Rule 10b5-1 trading arrangements” (as such term is defined under Item 408(a) of Regulation S-K) adopted, modified, or terminated by our Section 16 officers and directors during the fiscal quarter ended October 31, 2023:
| Name and Title | Action (Adoption / Termination) | Adoption / Termination Date | Aggregate Number of Shares of Common Stock to be Sold (1) | Expiration Date (2) | ||||||||||
| Mary Ann Hedley Director | Adoption | 9/28/2023 | 83 | 12/26/2024 | ||||||||||
| Thomas Schwenger President | Adoption | 10/4/2023 | 4,344 | 1/3/2025 |
(1) This number represents the maximum number of shares of common stock that may be sold pursuant to the trading plan. The number of shares actually sold will depend on the satisfaction of certain conditions as set forth in the plan.
(2) In each case, the trading plan may expire on an earlier date if and when all transactions thereunder are completed.
None of our Section 16 officers or directors adopted, modified, or terminated a “non-Rule 10b5-1 trading arrangement” (as such term is defined under Item 408(c) of Regulation S-K) during the fiscal quarter ended October 31, 2023.
| 62 | Veeva Systems Inc. | Form 10-Q |
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