Davis Christopher C 4

What Happened
Christopher C. Davis, a director of Graham Holdings Co. (GHC), received 25 shares as an award (code A) on 2026-04-01. The shares were valued at $1,061.70 each, for a total value of about $26,543. This was not an open-market purchase or sale but stock issued in lieu of cash director fees.

Key Details

• Transaction date: 2026-04-01; Form filed: 2026-04-02 (timely filing).
• Transaction type: Award/acquisition under the Director Share Purchase Program (code A).
• Shares received: 25 at $1,061.70 per share; total value ≈ $26,543.
• Shares owned after transaction: Not specified in the provided filing.
• Footnote: Securities were acquired pursuant to the director’s election to receive a portion of director fees in stock instead of cash (Director Share Purchase Program).
• No indication of a 10b5-1 plan, option exercise, gift, or tax-withholding sale in this filing.

Context
This is a routine director compensation conversion (fees taken in stock). Such awards are common and do not by themselves signal a buy or sell opinion; they simply reflect the director’s election to receive compensation in shares rather than cash.