GRAHAM HOLDINGS COMPANY

Shareholders of Graham Holdings Company

Graham Holdings Company has a dual-class share structure. Class B Common Stock is publicly traded on the New York Stock Exchange (ticker: GHC), while Class A Common Stock is not listed and is closely held. According to the company’s definitive proxy statement filed with the U.S. Securities and Exchange Commission on 24 March 2026 (record date 11 March 2026), the largest disclosed Class A holders were Donald E. Graham (538,694 shares, 55.9% of Class A), Laura G. O’Shaughnessy (410,035 shares, 42.5%), and Daniel L. Mosley, who held 875,701 Class A shares (90.8%) in his capacity as trustee for family trusts. On an as-converted Class B basis, these same holders were reported at 14.1%, 11.5%, and 21.8% respectively. Institutional holders of Class B stock included BlackRock, Inc. (11.7%), The Vanguard Group, Inc. (10.09%), Dimensional Fund Advisors LP (7%), and Madison Avenue International LP (6.4%). This disclosure reflects only shareholders reportable under SEC rules and is not a complete list of all shareholders.

Ultimate beneficial ownership

Graham Holdings Company’s proxy statement describes the company as a “controlled company”: descendants of Katharine Graham, including Chairman Emeritus Donald E. Graham, and trusts established for their benefit collectively hold a majority of Class A Common Stock and control the right to elect 70% of the board. Because these holdings are distributed across multiple family members and trusts, with shares reported both by individual family members and by Daniel L. Mosley in a fiduciary capacity as trustee, the proxy statement does not identify a single natural person as sole ultimate beneficial owner, and no clean, non-overlapping ownership chain is disclosed that would support a calculated effective percentage for one individual. Donald E. Graham is the largest individually named Class A holder in his own right.

Data availability

Shareholder information for Graham Holdings Company is major shareholders only: as a U.S. SEC-reporting company, it discloses only holders of more than 5% of a share class and the holdings of directors and executive officers in its proxy statement, rather than a complete shareholder register. This differs from the state-level registry data referenced elsewhere in this profile, which does not include shareholder detail for Virginia-registered companies.

Sources

Graham Holdings Company, Definitive Proxy Statement (DEF 14A), filed with the SEC 24 March 2026, record date 11 March 2026: https://www.sec.gov/Archives/edgar/data/104889/000119312526120813/d89230ddef14a.htm (retrieved 11 September 2026).

Directors and officers of Graham Holdings Company

Graham Holdings Company’s most recent proxy statement, filed with the SEC on 24 March 2026, identifies five named executive officers: Timothy J. O’Shaughnessy (President and Chief Executive Officer, in the role since November 2015), Wallace R. Cooney (Senior Vice President-Finance and Chief Financial Officer), Jacob M. Maas (Executive Vice President, appointed January 2022), Andrew S. Rosen (Chairman of Kaplan, Inc. and Executive Vice President), and Nicole M. Maddrey (Senior Vice President, General Counsel and Secretary). The board of directors is chaired by Anne M. Mulcahy in a non-executive capacity, with Donald E. Graham holding the title of Chairman Emeritus. Directors are elected separately by Class A and Class B shareholders under the company’s dual-class structure. The underlying information is dated to the 2026 annual meeting proxy statement (record date 11 March 2026). Officer nationality is not disclosed in the reviewed SEC filings.

Data availability

Corporate officer information for this profile is full for named executive officers and directors, sourced from SEC disclosure rather than the Virginia state registry, which notes that officer data is not available through this jurisdiction’s registry record. Nationality and country of residence for individual officers and directors are not required SEC disclosures and were not identified in the reviewed filings.

Sources

Graham Holdings Company, Definitive Proxy Statement (DEF 14A), filed with the SEC 24 March 2026: https://www.sec.gov/Archives/edgar/data/104889/000119312526120813/d89230ddef14a.htm (retrieved 11 September 2026). Graham Holdings Company, Form 10-K for fiscal year 2017 (CEO appointment date): https://www.sec.gov/Archives/edgar/data/0000104889/000010488918000011/d2017q410k.htm (retrieved 11 September 2026).

Group structure of Graham Holdings Company

Graham Holdings Company is an independent, NYSE-listed parent company; it has no immediate or ultimate parent. Its Class A Common Stock is closely held while its Class B Common Stock trades publicly. The company operates as a diversified group across several verified business segments: education (Kaplan, Inc.), television broadcasting (Graham Media Group), healthcare services (Graham Healthcare Group and related home-health and hospice operating companies), manufacturing (including Joyce/Dayton Corp. and Hoover Treated Wood Products, Inc.), automotive retail (Graham Automotive), and other businesses including Slate, Foreign Policy, and Framebridge. Kaplan, Inc. itself controls an extensive multinational sub-group of education entities operating in the United Kingdom, Hong Kong, Australia, Singapore, and other countries. The group also includes Leaf Group Ltd. and its subsidiaries, including Society6 and Saatchi Art, acquired in June 2021. Individual ownership percentages for most operating subsidiaries are not separately disclosed in public filings.

Recent structural changes

Graham Holdings Company completed its acquisition of Leaf Group Ltd. on 14 June 2021, for approximately 323 million US dollars in an all-cash transaction, bringing Leaf Group’s digital media and e-commerce brands, including Society6, Saatchi Art, and Well+Good, into the group. In an earlier, unrelated structural change, the company completed the spin-off of its former cable-television subsidiary, Cable ONE, Inc., as an independent, separately traded public company (NYSE: CABO) on 1 July 2015; Graham Holdings Company has not retained any ownership interest in Cable ONE since that distribution.

Data availability

Corporate-linkage information for Graham Holdings Company is partial: the company’s group hierarchy lists a large number of direct and indirect operating subsidiaries, but individual ownership percentages for most operating subsidiaries are not separately disclosed in public filings. This overview reports only the segment-level and transaction-level relationships that could be independently verified against the company’s public disclosures.

Sources

Graham Holdings Company, Form 10-K for fiscal year 2024: https://www.sec.gov/Archives/edgar/data/104889/000010488925000022/ghc-20241231.htm (retrieved 11 September 2026). Graham Holdings Company, “Graham Holdings Completes Spin-off of Cable ONE,” press release, 1 July 2015: https://www.businesswire.com/news/home/20150701005226/en/Graham-Holdings-Completes-Spin-off-of-Cable-ONE (retrieved 11 September 2026). Graham Holdings Company, Definitive Proxy Statement (DEF 14A), filed 24 March 2026: https://www.sec.gov/Archives/edgar/data/104889/000119312526120813/d89230ddef14a.htm (retrieved 11 September 2026).