Markell Jack A. 4

What Happened
Jack Markell, a director of Graham Holdings Co. (GHC), acquired 7 shares on July 1, 2026. The shares were issued at $1,161.11 each for a total value of $8,128. This transaction was an acquisition (code A) — shares received in lieu of director fees under the company’s director share purchase program.

Key Details

• Transaction date: 2026-07-01; Price per share: $1,161.11; Total value: $8,128.
• Transaction type: A (award/acquisition) — shares issued as election of director fees in stock.
• Footnote: F1 — securities were acquired pursuant to the Director Share Purchase Program (director elected to receive part of fees in stock instead of cash).
• Shares owned after the transaction: not specified in the provided filing excerpt.
• Filing date: 2026-07-06 — filed after the typical two-business-day Form 4 deadline for a July 1 transaction (the filing therefore appears late).

Context
This was a routine director compensation transaction (stock issued in lieu of cash fees), which is common and does not by itself indicate the director’s personal trading view. No option exercises, gifts, or immediate sales were reported in this filing.