Graham Holdings director awarded 21 Class B shares

Graham Holdings Co director Danielle Y. Conley acquired 21 shares of Class B Common Stock through a compensation election.

Rhea-AI Filing Summary

Graham Holdings Co director Danielle Y. Conley acquired 21 shares of Class B Common Stock through a compensation election. The shares, valued at $1,061.70 per share, were received in lieu of a portion of her director fees and credited to a revocable trust. Following this award, the trust holds 442 Class B shares indirectly on her behalf. This is a routine, non-market grant under the company’s Director Share Purchase Program rather than an open-market stock purchase.

Insider Trade Summary

Grant/Award: 21 shares

Grant/Award 1 txn

Insider CONLEY DANIELLE Y.

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Class B Common Stock	21	$1,061.70	$22K

Holdings After Transaction: Class B Common Stock — 442 shares (Indirect, Revocable Trust)

Footnotes (1)

1. F1. Securities acquired pursuant to the Director's election under the Director Share Purchase Program to receive a portion of the fees received for service as a director in stock in lieu of cash.

Key Figures

Shares awarded: 21 shares Award price per share: $1,061.70 per share Shares held after transaction: 442 shares

3 metrics

Shares awarded 21 shares Class B Common Stock granted to director on 2026-04-01

Award price per share $1,061.70 per share Value used for the 21-share director fee election

Shares held after transaction 442 shares Class B Common Stock held indirectly via revocable trust

Key Terms

Director Share Purchase Program, Revocable Trust, Class B Common Stock, Form 4

4 terms

Director Share Purchase Program financial

"election under the Director Share Purchase Program to receive a portion of the fees"

Revocable Trust financial

"ownership reported as indirect with nature of ownership listed as Revocable Trust"

A revocable trust is a legal arrangement where the person who creates it keeps control and can change or cancel the trust at any time, while naming who will manage and receive the assets later. Think of it like a flexible folder for your investments and property that can be relabeled or reworked as circumstances change; it matters to investors because it determines how ownership is recorded, how easily assets transfer on incapacity or death, and whether holdings bypass public probate proceedings.

Class B Common Stock financial

"transaction involves 21.0000 shares of Class B Common Stock"

A class B common stock is one of multiple types of a company’s ordinary shares that carries specific rights—often different voting power or dividend priority—compared with other classes. For investors it matters because those differences affect how much influence you have over company decisions, the income you might receive, and how freely the shares trade; think of it like owning a car with different keys: some keys let you start the engine and open the trunk, others only unlock the door.

Form 4 regulatory

"INSIDER FILING DATA (Form 4) describing the director’s acquisition"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did Graham Holdings Co (GHC) report for Danielle Y. Conley?

Graham Holdings Co reported that director Danielle Y. Conley acquired 21 shares of Class B Common Stock. The acquisition was a stock award taken instead of cash director fees, and the shares were credited to a revocable trust, not bought on the open market.

How many Graham Holdings (GHC) shares does the revocable trust hold after this Form 4?

After this transaction, the revocable trust associated with director Danielle Y. Conley holds 442 shares of Graham Holdings Class B Common Stock. This total reflects the new 21-share award plus previously held shares, all reported as indirect ownership through the trust structure.

Was the Graham Holdings (GHC) Form 4 transaction an open-market stock purchase?

No, the transaction was not an open-market purchase. Danielle Y. Conley received 21 Class B shares under the Director Share Purchase Program, electing to take part of her director fees in stock instead of cash. It is compensation-related, not a discretionary market buy.

What price per share is shown for Danielle Conley’s Graham Holdings (GHC) stock award?

The filing shows a price of $1,061.70 per share for the 21 Class B shares awarded to Danielle Y. Conley. This figure represents the value used to credit shares under the Director Share Purchase Program, where fees for board service are taken in stock rather than cash.

How is Danielle Conley’s ownership in Graham Holdings (GHC) classified in this Form 4?

Her ownership is reported as indirect through a revocable trust. The Form 4 lists the 21-share award and total 442 shares as held by the revocable trust, indicating the shares are associated with her but legally titled to the trust rather than directly in her name.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 04/02/2026 - 04:15 PM EDT Learn about SEC filing dates

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
Estimated average burden
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^*

CONLEY DANIELLE Y.

(Last) (First) (Middle)

C/O GRAHAM HOLDINGS

1812 NORTH MOORE ST. SUITE 2100

(Street)

ARLINGTON VIRGINIA 22209

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Graham Holdings Co [ GHC ]

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/01/2026

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

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

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

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
Class B Common Stock	04/01/2026		A(1)		21	A	$1,061.7	442	I	Revocable Trust

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. Securities acquired pursuant to the Director's election under the Director Share Purchase Program to receive a portion of the fees received for service as a director in stock in lieu of cash.

Remarks:

	Nicole Maddrey for Danielle Conley	04/02/2026
	** 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.
* Form 4: SEC 1474 (03-26)