X0306 4 2022-01-10 0 0001570827 Victory Capital Holdings, Inc. VCTR 0001495443 Rappaport Alan C/O VICTORY CAPITAL HOLDINGS, INC. 15935 LA CANTERA PARKWAY SAN ANTONIO TX 78256 1 0 0 0 Common Stock 2022-01-10 4 A 0 740 33.74 A 132570 D Common Stock 298861 I See Footnote These shares of Common Stock were issued to Mr. Rappaport at the Company's election in lieu of quarterly director fees for service on the Company Board payable in cash in the amount of $25,000. The price is based on the closing price of the Company's shares on January 10, 2022. These securities are held directly by ADR Partners, which is controlled by Mr. Rappaport. Mr. Rappaport disclaims beneficial ownership of the shares held by ADR Partners except to the extent of his pecuniary interest therein and this report shall not be deemed an admission that Mr. Rappaport is the beneficial owner of the shares held by ADR Partners. /s/ Nina Gupta, attorney-in-fact for Mr. Rappaport 2022-01-12