Transaction Details

Footnotes

Includes 8 shares of Class B Common Stock held by the reporting person in his Graham Holdings Company 401(k) plan account. | The options exercise was executed in anticipation of the November 12, 2025 expiration date on a net settlement basis. | The reporting person is a trustee of the trust that owns the reported securities, but he is not a beneficiary of such trust. The reporting person disclaims beneficial ownership of the reported securities. | The stock option is fully vested. After this exercise of 7,582 options, there are no options remaining under the related grant. | Shares of Class A Common Stock are convertible into shares of Class B Common Stock at any time on a one-for-one basis and have no expiration date.