Form 4: Victory Capital Holdings Director Richard DeMartini Transfers Shares from Family Trust

Director Richard DeMartini acquired 186,790 shares of Victory Capital Holdings stock from a family trust, while also reporting indirect ownership of additional shares.

Summary

• Richard DeMartini, a director at Victory Capital Holdings, acquired 186,790 shares of common stock from The DeMartini 2018 Childrens Trust.
• The transaction occurred on November 12, 2024, with the shares valued at $64.74 each, based on the closing price that day.
• Following the transaction, Mr. DeMartini directly owns 199,341 shares and indirectly owns 27,841 shares through his spouse and 572,801 shares through a family trust.
• The family trust shares were received as distributions from DeMartini Investors, L.P.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing detailing a routine transaction. It does not indicate any positive or negative sentiment.

Industry Context

This is a routine filing related to insider transactions and is common for publicly traded companies. It provides transparency into the ownership changes of company directors.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, ensuring transparency of insider transactions.
• The transaction is a transfer of shares from a family trust to the director, which is not unusual.
• The reported ownership levels are within the expected range for a director of a company of this size.

Related Party Transactions

• The transaction involves a transfer of shares from The DeMartini 2018 Childrens Trust, a family trust, to Richard DeMartini, a director of Victory Capital Holdings.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding the ownership of company stock by a director.
• The transaction does not have a direct impact on employees, customers, suppliers, or creditors.

Key Dates

Keywords

Victory Capital Holdings, Richard DeMartini, share transfer, beneficial ownership, Form 4, director, family trust, stock transaction