X0306 4 2023-01-10 0 0001570827 Victory Capital Holdings, Inc. VCTR 0001729927 Berlinski Milton R. C/O VICTORY CAPITAL HOLDINGS, INC. 15935 LA CANTERA PARKWAY SAN ANTONIO TX 78256 1 0 0 0 Common Stock 2023-01-10 4 A 0 860 29.06 A 298793 D Common Stock 184231 I See Footnote These shares of Common Stock were issued to Mr. Berlinski 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, 2023. These securities are held directly by MRB ICBC LLC, an entity which Mr. Berlinski controls. /s/ Nina Gupta, attorney-in-fact for Mr. Berlinski 2023-01-12