[Form 4] Victory Capital Holdings, Inc. Insider Trading Activity

Rhea-AI Filing Summary

CCC Intelligent Solutions Holdings Inc. (NASDAQ: CCCS) filed an 8-K announcing the appointment of Barak Eilam as a Class I independent director, effective 11 July 2025. Eilam led NICE Ltd. as CEO from 2014 until December 2024 and brings more than 25 years of analytics and AI enterprise-software experience. He currently sits on the boards of Payoneer, FactSet, Similarweb, Cvent and HMH Education.

The board determined that Eilam meets SEC Rule 10A-3 and Nasdaq Rule 5605(a)(2)no related-party transactions or family relationships and notes that a press release (Exhibit 99.1) was issued on 14 July 2025.

Positive

• Strengthened board expertise: Appointment of former NICE CEO adds significant AI and enterprise-software leadership experience.
• Regulatory compliance: Director deemed independent under SEC and Nasdaq rules, supporting strong governance.

Negative

• Potential overboarding risk: Eilam already serves on multiple public and private boards, which could constrain bandwidth.

Insights

Corporate Governance Analyst

TL;DR: Seasoned AI executive joins CCCS board; governance enhanced but financial impact limited.

The inclusion of Barak Eilam—former NICE CEO with deep analytics expertise—adds strategic technology insight and public-company oversight experience to CCCS. His independence and absence of conflicts meet regulatory best-practice, reinforcing board credibility. While positive for long-term governance and innovation alignment, the news is unlikely to drive near-term valuation, as it involves no financial guidance or transactions. Investors should view the move as a modest, strategic upgrade rather than a catalyst event.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
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hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Hirtler-Garvey Karin

(Last) (First) (Middle)

C/O VICTORY CAPITAL HOLDINGS, INC.

15935 LA CANTERA PARKWAY

(Street)

SAN ANTONIO TX 78256

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Victory Capital Holdings, Inc. [ VCTR ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
07/10/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	07/10/2025		A		434	A	$66.24(1)	40,273	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. These shares of Common Stock were issued to Ms. Hirtler-Garvey at the Company's election in lieu of quarterly director fees for service on the Company Board payable in cash in the amount of $28,750. The price is based on the closing price of the Company's shares on July 10, 2025.

	/s/ Nina Gupta, attorney-in-fact for Ms. Hirtler-Garvey	07/14/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

Who was appointed to the CCCS board of directors?

Barak Eilam, former CEO of NICE Ltd., was appointed a Class I director effective 11 July 2025.

What relevant experience does Barak Eilam bring to CCC Intelligent Solutions (CCCS)?

Eilam led NICE Ltd. from 2014-2024 and has 25+ years in analytics and AI enterprise software, plus board roles at Payoneer, FactSet, Similarweb, Cvent and HMH.

Is the new director considered independent under Nasdaq rules?

Yes. The board determined Eilam meets Nasdaq Rule 5605(a)(2) and SEC Rule 10A-3 independence criteria.

Will Barak Eilam receive director compensation from CCCS?

Yes. He will receive the same compensation as other independent non-employee directors, as detailed in the 8 April 2025 proxy statement.

Are there any related-party transactions involving Mr. Eilam and CCCS?

No. The filing states there are no transactions requiring disclosure under Item 404(a) of Regulation S-K.

When did CCC Intelligent Solutions release the press announcement?

The company issued the press release on 14 July 2025, furnished as Exhibit 99.1.