Jacob Maas - Aug 19, 2025 Form 4 Insider Report for Graham Holdings Co (GHC)

Role
Executive VP
Signature
Nicole M. Maddrey
Stock symbol
GHC
Transactions as of
Aug 19, 2025
Transactions value $
-$268,194
Form type
4
Date filed
8/21/2025, 11:48 AM
Previous filing
Jan 29, 2025
Next filing
Oct 22, 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Maas, Jacob Executive VP C/O GRAHAM HOLDINGS COMPANY, 1812 NORTH MOORE STREET, SUITE 2100, ARLINGTON Nicole M. Maddrey 2025-08-21 0001655513

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GHC Class B Common Stock Options Exercise $1.61M +2K +37.83% $804.80 7.29K Aug 19, 2025 Direct
transaction GHC Class B Common Stock Tax liability -$1.88M -1.75K -24.04% $1,071.80 5.54K Aug 19, 2025 Direct F1

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 -2K -100% $0.00 0 Aug 19, 2025 Class B Common Stock 2K $804.80 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The options exercise was executed in anticipation of the October 26, 2025 expiration date on a net settlement basis.
F2 The stock option is fully vested. After this exercise of 2,000 options, the reporting person has no vested and exercisable options remaining.