Sipp Thomas Michael 4

What Happened

• Michael Sipp, Executive Vice President of Victory Capital Holdings (VCTR), was granted two stock awards on 2026-03-15 totaling 54,747 shares: 39,748 shares valued at $66.67 each ($2,649,999) and 14,999 shares at $66.67 each ($999,983). The awards are coded as "A" (award/grant) — compensation rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-03-15; filing date: 2026-03-16 (timely).
• Price basis: $66.67 per share (based on VCTR closing price on 2026-03-13).
• Total value of grants: $3,649,982 (approx. $3.65M).
• Vesting: 39,748 shares vest in equal installments on March 15 of 2027, 2028 and 2029; 14,999 shares vest in equal installments on March 15 of 2027, 2028, 2029 and 2030 (subject to certain exceptions).
• Shares owned after transaction: not reported in the Form 4 filing.
• Transaction code: A = award/grant of shares (not an immediate market trade).

Context

• These are compensatory stock awards subject to time-based vesting, meaning the shares will become owned by Sipp only as they vest in future years. Such grants increase potential insider ownership over time but do not reflect an immediate open-market purchase or sale.