<div id="readability-page-1"><div><p><span>O'Shaughnessy Timothy J Chief Executive Officer of Graham Holdings Company [GHC] filed a Form 4 on November 13, 2025 with the Securities and Exchange Commission disclosing the following changes in ownership:</span></p><div><table><tbody><tr><th><span>Date</span></th><th><span>Transaction</span></th><th><span>Shares</span></th><th><span>Price</span></th><th><span>Value</span></th></tr><tr><td><span>11/11/25</span></td><td><span>Exercise(1)</span></td><td><span>7,582</span></td><td><span>$872.01</span></td><td><span>$6,611,580</span></td></tr><tr><td><span>11/11/25</span></td><td><span>Surrender(2)</span></td><td><span>6,839</span></td><td><span>$1,085.29</span></td><td><span>$7,422,298</span></td></tr></tbody></table></div><p><span>Ending Holdings: 33,084 (27,484 - Direct, 5,600 - Indirect)</span></p><div><table><tbody><tr><td><span>(1)</span></td><td><span>Exercised 1 day before expiration date.</span></td></tr><tr><td><span>(2)</span></td><td><span>Surrender of shares back to company to pay option exercise cost and/or resulting tax liability.</span></td></tr></tbody></table></div><p><span>For a free trial, or to learn more about our insider trading analysis and data services, please visit http://www.washingtonservice.com or contact us at (301) 913-5100 or send an email to info@washingtonservice.com.</span></p><p><span>Founded in 1970, The Washington Service provides securities professionals with financial, economic and public policy research and data.</span></p><span> </span></div></div>

<p>CEO Timothy J. O'Shaughnessy of Graham Holdings Company (GHC) filed a Form 4 on November 13, 2025, disclosing changes in ownership. He exercised 7,582 shares at $872.01 each and surrendered 6,839 shares at $1,085.29 each. His ending holdings are 33,084 shares. The surrender was to cover option exercise costs and tax liabilities.</p>

CEO O'Shaughnessy Acquires 743 Of Graham Holdings Company [GHC]