X0306 4 2022-01-10 0 0001570827 Victory Capital Holdings, Inc. VCTR 0001485162 Davanzo Lawrence 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 1444 33.74 A 11460 D Common Stock 169470 I See Footnote These shares of Common Stock were issued to Mr. Davanzo at: (i) 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 and (ii) Mr. Davanzo's election in lieu of quarterly director fees for service on the Company Board payable in cash in the amount of $21,250 (iii) Mr. Davanzo's election in lieu of director fees for service as a member of the Company's Audit Committee payable in cash in the amount of $2,500. The price is based on the closing price of the Company's shares on January 10, 2022. These securities are held directly by the Lawrence E. Davanzo and Christine Davanzo Revocable Trust, of which Mr. Davanzo serves as trustee. Mr. Davanzo disclaims beneficial ownership of the shares held by the Lawrence E. Davanzo and Christine Davanzo Revocable Trust except to the extent of his pecuniary interest therein and this report shall not be deemed an admission that Mr. Davanzo is the beneficial owner of the shares held by the Lawrence E. Davanzo and Christine Davanzo Revocable Trust. /s/ Nina Gupta, attorney-in-fact for Mr. Davanzo 2022-01-12