Timothy J. O'Shaughnessy - Oct 15, 2024 Form 4 Insider Report for Graham Holdings Co (GHC)

Signature
/s/ Nicole Maddrey, attorney-in-fact
Stock symbol
GHC
Transactions as of
Oct 15, 2024
Transactions value $
-$1,344,109
Form type
4
Date filed
10/17/2024, 07:11 PM
Previous filing
Sep 25, 2024
Next filing
Nov 5, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GHC Class B Common Stock Options Exercise $18.5M +25.8K +127.5% $719.15 46K Oct 15, 2024 Direct F1
transaction GHC Class B Common Stock Tax liability -$19.9M -24.1K -52.5% $823.33 21.8K Oct 15, 2024 Direct F2
holding GHC Class B Common Stock 4.1K Oct 15, 2024 Spouse
holding GHC Class B Common Stock 5.6K Oct 15, 2024 Trust for spouse and children F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction GHC Stock Option (Right to Buy) Options Exercise $0 -25.8K -50% $0.00 25.8K Oct 15, 2024 Class B Common Stock 25.8K $719.15 Direct F4
holding GHC Class A Common Stock 2.7K Oct 15, 2024 Class B Common Stock 2.7K Spouse F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes 3 shares of Class B Common Stock held by the reporting person in his Graham Holdings Company 401(k) plan account.
F2 The options exercise is executed in anticipation of the November 3, 2024 expiration date on a net settlement basis.
F3 The reporting person is a trustee of the trust that owns the reported securities, but he is not a beneficiary of such trust. The reporting person disclaims beneficial ownership of the reported securities.
F4 The stock option is fully vested. After this exercise of 25,752 options, the reporting person has remaining 25,754 vested and exercisable options.
F5 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.