Rappaport Alan 4

What Happened

• Alan Rappaport, a director of Victory Capital Holdings, received 977 shares of common stock on April 10, 2026. The shares were issued at $67.79 per share for a total value of about $66,231. This was an issuance (award/acquisition) of shares in lieu of cash director fees, not an open-market purchase or sale.

Key Details

• Transaction date and price: April 10, 2026 — 977 shares at $67.79 each (total ≈ $66,231).
• Consideration: Shares were issued in lieu of cash director fees (footnote details show elections replacing fees totaling cash equivalents of $28,750 + $28,750 + $5,000 + $3,750).
• Holding: The reported shares are held directly by ADR Partners, an entity controlled by Mr. Rappaport; he disclaims beneficial ownership of ADR Partners’ shares except to the extent of his pecuniary interest (per footnote).
• Filing timeliness: Form 4 was filed April 14, 2026. The filing appears timely (within the two business-day reporting window following the April 10 transaction).
• Transaction code: A (award/grant/acquisition) — this is a non-market issuance rather than a purchase or sale.

Context

• Issuances in lieu of fees are routine corporate actions that convert cash compensation into equity; they do not necessarily signal a personal bullish or bearish trade by the insider.
• Because the shares were issued to an entity Mr. Rappaport controls (ADR Partners) and he disclaims beneficial ownership except for pecuniary interest, the filing reflects the entity holding, not necessarily direct personal ownership.