O'Shaughnessy Timothy J. - 11 Nov 2025 Form 4 Insider Report for Graham Holdings Co (GHC)

Role
President and CEO, Director
Signature
/s/ Nicole Maddrey, attorney-in-fact
Issuer symbol
GHC
Transactions as of
11 Nov 2025
Net transactions value
-$810,718
Form type
4
Filing time
13 Nov 2025, 16:27:00 UTC
Previous filing
09 Oct 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
O'Shaughnessy Timothy J President and CEO, Director C/O GRAHAM HOLDINGS COMPANY, 1300 NORTH 17TH STREET, SUITE 1700, ARLINGTON /s/ Nicole Maddrey, attorney-in-fact 13 Nov 2025 0001621362

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GHC Class B Common Stock Options Exercise $6,611,580 +7,582 +28% $872.01 34,323 11 Nov 2025 Direct F1
transaction GHC Class B Common Stock Tax liability $7,422,298 -6,839 -20% $1085.29 27,484 11 Nov 2025 Direct F2
holding GHC Class B Common Stock 5,600 11 Nov 2025 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 Employee Stock Option (Right to Buy) Options Exercise $0 -7,582 -100% $0.000000 0 11 Nov 2025 Class B Common Stock 7,582 $872.01 Direct F4
holding GHC Class A Common Stock 5,500 11 Nov 2025 Class B Common Stock 5,550 Spouse F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes 8 shares of Class B Common Stock held by the reporting person in his Graham Holdings Company 401(k) plan account.
F2 The options exercise was executed in anticipation of the November 12, 2025 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 7,582 options, there are no options remaining under the related grant.
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.