CONLEY DANIELLE Y. 4

What Happened

• Danielle Y. Conley, a director of Graham Holdings Co. (GHC), was credited with 21 shares as an award/other acquisition on April 1, 2026.
• The transaction price is listed at $1,061.70 per share, for a total value of $22,296 (21 × $1,061.70).
• This was not an open-market purchase or sale but shares received in lieu of cash compensation for board service.

Key Details

• Transaction date: 2026-04-01; Form 4 filed: 2026-04-02 (timely filing).
• Transaction type/code: A — grant, award or other acquisition.
• Price per share: $1,061.70; Shares acquired: 21; Total value: $22,296.
• Shares owned after transaction: not specified in the provided report.
• Footnote: Securities were acquired pursuant to the Director Share Purchase Program to receive a portion of director fees in stock instead of cash (F1).
• Filing appears timely (no late filing noted).

Context

• Receiving stock in lieu of cash is a common compensation choice for directors and does not necessarily indicate a buy/sell opinion by the insider.
• For retail investors, awarded shares increase insider ownership modestly, but this type of transaction is routine compensation rather than an informative open-market purchase.