Director adds Graham Holdings (GHC) stock via fee-in-stock grant

Rhea-AI Filing Summary

Graham Holdings Co director Christopher C. Davis acquired 23 shares of Class B Common Stock through a compensation-related grant. The shares were valued at $1,161.11 each and were received under a Director Share Purchase Program, where he elected to take part of his board fees in stock instead of cash.

After this award, Davis directly holds 5,614 shares of Graham Holdings Class B Common Stock. This Form 4 reflects a routine director fee election rather than an open-market stock purchase or sale.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Davis Christopher C

Role null

Type	Security	Shares	Price	Value
Grant/Award	Class B Common Stock	23	$1,161.11	$27K

Holdings After Transaction: Class B Common Stock — 5,614 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Shares granted: 23 shares Grant price per share: $1,161.11 per share Shares held after transaction: 5,614 shares

3 metrics

Shares granted 23 shares Class B Common Stock grant/award on July 1, 2026

Grant price per share $1,161.11 per share Value used for director fee-in-stock grant

Shares held after transaction 5,614 shares Direct holdings of Class B Common Stock after award

Key Terms

Class B Common Stock, Director Share Purchase Program, grant, award, or other acquisition

3 terms

Class B Common Stock financial

"security_title: "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.

Director Share Purchase Program financial

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

grant, award, or other acquisition financial

"transaction_code_description: "Grant, award, or other acquisition""

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/06/2026 - 04:56 PM Accepted by SEC EDGAR 07/06/2026 - 04:55 PM 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^*

Davis Christopher C

(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)
07/01/2026

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	07/01/2026		A(1)		23	A	$1,161.11	5,614	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. 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 Christopher C. Davis	07/06/2026
	** 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)

FAQ

What did Christopher C. Davis report in his Graham Holdings (GHC) Form 4?

Christopher C. Davis reported acquiring 23 shares of Graham Holdings Class B Common Stock. The shares were granted as part of his director compensation, reflecting fees taken in stock rather than cash under the company’s Director Share Purchase Program.

How many Graham Holdings (GHC) shares did Christopher C. Davis receive and at what value?

He received 23 shares of Graham Holdings Class B Common Stock at $1,161.11 per share. This was a grant under a director fee-in-stock program, not an open-market transaction, and represents routine equity-based compensation for board service.

What are Christopher C. Davis’s Graham Holdings (GHC) holdings after this Form 4 transaction?

After the transaction, Christopher C. Davis directly holds 5,614 shares of Graham Holdings Class B Common Stock. This updated total reflects the addition of 23 shares received as director fees in stock under the Director Share Purchase Program.

Was Christopher C. Davis’s Graham Holdings (GHC) transaction an open-market buy or a compensation grant?

The filing shows a compensation grant, not an open-market purchase. Davis elected to receive part of his director fees in Graham Holdings Class B shares under the Director Share Purchase Program, classified as a grant or award acquisition in the Form 4.

What is the Director Share Purchase Program mentioned in the Graham Holdings (GHC) Form 4?

The Director Share Purchase Program allows directors to take a portion of their board fees in stock instead of cash. In this case, Christopher C. Davis acquired 23 Class B shares of Graham Holdings through this election as part of his ongoing director compensation.