Crestview Partners II GP, L.P. 4

What Happened
Robert V. Delaney, a director of Victory Capital Holdings, Inc. (VCTR), was issued 311 shares of common stock under the company's 2018 Stock Incentive Plan in lieu of quarterly cash director fees. The filing values the shares at $92.24 each for a total of $28,687; the award corresponded to cash fees of $28,750 and the shares were assigned by Mr. Delaney to Crestview Advisors, L.L.C. The reporting entity on the Form 4 is Crestview Partners II GP, L.P.

Key Details

• Transaction type: Award/Grant (code A) — issuance of 311 shares
• Transaction date: July 10, 2026; filing date: July 14, 2026
• Price used: $92.24 per share; reported total value ≈ $28,687 (fee amount noted in footnote: $28,750)
• Shares owned after transaction: not specified in the provided excerpt of the filing
• Notable footnotes: shares issued in lieu of quarterly director fees and assigned to Crestview Advisors, L.L.C.; Crestview GP exercises voting/dispositive power over certain Crestview-held shares; Delaney is an indirect member of Crestview entities and controls two family LLCs that hold additional shares; reporting persons disclaim beneficial ownership except for pecuniary interest
• Timeliness: filed 4 days after the transaction date (Form 4s are typically due within two business days)

Context
This was a routine director compensation award, not an open-market purchase or sale. The shares were issued as payment for fees and immediately assigned to an affiliated advisory entity, so the transaction reflects compensation and an institutional assignment rather than a personal buy/sell decision. For retail investors, such awards are common and do not on their own imply a change in insider sentiment.