Graham Holdings (NYSE: GHC) insider reports 36,000-share award

Rhea-AI Filing Summary

Graham Holdings Co reported an insider ownership update involving a director. On 12/29/2025, the reporting person received 36,000 shares of Class A Common Stock pursuant to the terms of a trust in which they are a beneficiary. These Class A shares are convertible at any time into Class B Common Stock on a one-for-one basis and have no expiration date.

Following this transaction, the insider beneficially owns 36,000 derivative securities tied to Class A and Class B common stock, held directly. The filing also shows 1,615 shares of Class B Common Stock held directly after the reported transactions.

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

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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^*

Weymouth Katharine

(Last) (First) (Middle)

1812 NORTH MOORE STREET

SUITE 2100

(Street)

ARLINGTON VA 22209

(City) (State) (Zip)

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)

3. Date of Earliest Transaction (Month/Day/Year)
12/29/2025

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
Class B Common Stock								1,615	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
Class A Common Stock	(1)	12/29/2025		J(2)		36,000		(1)	(1)	Class B Common Stock	36,000	(3)	36,000	D

Explanation of Responses:

1. Shares of Class A Common Stock are convertible into shares of Class B Common Stock at any time on a one-for-one basis and have no expiration date.

2. Receipt of 36,000 shares of Class A Common Stock pursuant to the terms of a trust of which the reporting person is a beneficiary.

3. N/A

	/s/ Nicole Maddrey, attorney-in-fact	12/29/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What insider transaction did Graham Holdings Co (GHC) report?

Graham Holdings Co reported that a director received 36,000 shares of Class A Common Stock on 12/29/2025 pursuant to the terms of a trust in which the director is a beneficiary.

How many Graham Holdings (GHC) shares does the insider own after this transaction?

After the transaction, the insider beneficially owns 36,000 derivative securities related to Class A and Class B Common Stock and 1,615 shares of Class B Common Stock held directly.

What is the relationship of the reporting person to Graham Holdings Co (GHC)?

The reporting person is a director of Graham Holdings Co, as indicated under the relationship section of the filing.

How are Graham Holdings (GHC) Class A shares treated relative to Class B shares?

Class A Common Stock of Graham Holdings is convertible into Class B Common Stock on a one-for-one basis at any time and has no expiration date.

What was the source of the 36,000 Class A shares received by the Graham Holdings director?

The 36,000 Class A shares were received pursuant to the terms of a trust of which the reporting person is a beneficiary.

Was this Graham Holdings (GHC) insider filing made by more than one reporting person?

No. The filing indicates it is a Form filed by one reporting person, not a joint filing.