Graham Holdings (NYSE: GHC) director Tony Allen sells 7 Class B shares

Rhea-AI Filing Summary

Graham Holdings director Tony Allen reported a small open-market sale of Class B Common Stock. On this Form 4, he sold 7 shares at a price of $942.89 per share and held 8 shares directly after the transaction. The filing notes it was submitted late due to an administrative error.

Insights

Insider transactions specialist

Small, routine director sale with limited impact.

Tony Allen, a director of Graham Holdings Co, reported an open-market sale of 7 shares of Class B Common Stock at $942.89 per share. After the transaction, he directly held 8 shares, indicating this is a very small-position move.

The filing explicitly states it was filed late due to an administrative error, suggesting timing issues relate to paperwork rather than trading intent. With no derivative positions shown and a net change of 7 shares, this appears to be a minor, routine insider sale rather than a thesis-changing 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

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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^*

Allen Tony

(Last) (First) (Middle)

C/O GRAHAM HOLDINGS 1812 NORTH MOORE ST.

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)
07/30/2025

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	07/30/2025(1)		S		7	D	$942.89	8	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. This Form 4 is being filed late due to an administrative error.

Remarks:

	Nicole Maddrey for Tony Allen	03/10/2026
	** 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.

FAQ

What insider transaction did Graham Holdings (GHC) director Tony Allen report?

Tony Allen reported a small open-market sale of 7 shares of Graham Holdings Class B Common Stock. The transaction was executed at a price of $942.89 per share and is disclosed on a Form 4 insider trading report filed with regulators.

At what price did Tony Allen sell Graham Holdings (GHC) shares?

Tony Allen sold 7 shares of Graham Holdings Class B Common Stock at $942.89 per share. This price reflects the per-share consideration for the reported open-market transaction and is the only price disclosed in this particular insider trading report.

How many Graham Holdings (GHC) shares does Tony Allen hold after this transaction?

Following the reported sale, Tony Allen directly holds 8 shares of Graham Holdings Class B Common Stock. This post-transaction balance, disclosed in the Form 4, shows that the sale involved a small number of shares relative to his reported remaining holdings.

Was Tony Allen’s Graham Holdings (GHC) Form 4 filing late?

Yes. A footnote states that this Form 4 was filed late due to an administrative error. That explanation indicates the delay was related to filing logistics, rather than suggesting any additional undisclosed transactions or changes to the reported trade details.

Does Tony Allen’s Form 4 show any derivative positions in Graham Holdings (GHC)?

No derivative securities are listed in this Form 4. The filing only reports a single non-derivative transaction: the sale of 7 shares of Class B Common Stock, along with the resulting direct ownership of 8 shares after the transaction.

Is Tony Allen’s Graham Holdings (GHC) share sale classified as an open-market trade?

Yes. The transaction is coded as an open-market or private sale, with the description noting an open-market sale of Class B Common Stock. This indicates the shares were sold in a regular market transaction rather than through a derivative exercise or private restructuring.