Company: GHC
Filing Date: 2025-04-30
Form Type: 10-Q
Source: 0000104889-25-000032
Chunk: 84

Company: Graham Holdings Co
Filing Date: 2025-04-30
Form: 10-Q
Item: Part I, Item 8
Chunk 84
---
.

(b) Changes in Internal Control Over Financial Reporting

There has been no change in the Company’s internal control over financial reporting during the quarter ended March 31, 2025 that has materially affected, or is reasonably likely to materially affect, the Company’s internal control over financial reporting.

31

PART II. OTHER INFORMATION

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 

Purchases of Equity Securities by the Issuer and Affiliated Purchasers

During the quarter ended March 31, 2025, the Company purchased shares of its Class B Common Stock as set forth in the following table:

PeriodTotal Number of Shares PurchasedAverage Price Paid per Share(1)Total Number of Shares Purchased as Part of Publicly Announced Plan(2)Maximum Number of Shares that May Yet Be Purchased Under the Plan(2)January 1 - 313,978 $871.87 3,978 462,482 February 1 - 28— — — 462,482 March 1 - 31— — — 462,482 3,978 $871.87 3,978 

(1) Average price paid per share includes costs associated with repurchases.

(2) On September 12, 2024, the Company’s Board of Directors authorized the Company to purchase, on the open market or otherwise, up to 500,000 shares of its Class B Common Stock. This authorization includes shares that remained under the previous authorization. There is no expiration date for this authorization. All share purchases made during the quarter ended March 31, 2025 occurred to enable employees to obtain the funds necessary to satisfy taxes incurred in connection with the vesting of restricted stock awards.

Item 5. Other Information

Rule 10b5-1 Trading Plans

During the quarter ended March 31, 2025, none of the Company’s directors or officers (as defined in Rule 16a-1(f) of the Exchange Act) adopted, modified or terminated a “Rule 10b5-1 trading arrangement” or “non-Rule 10b5-1 trading arrangement,” as defined in Item 408 of Regulation S-K.

32

Item 6. Exhibits.

Exhibit Number Description 3.1Restated Certificate of Incorporation of the Company dated November 13, 2003 (incorporated by reference to Exhibit 3.1 to the Company’s Annual Report on