THE 401(k) SAVINGS PLAN FOR GHC AFFILIATES EIN 53-0182885, PLAN NO. 025 SCHEDULE H, LINE 4i - SCHEDULE OF ASSETS (HELD AT END OF YEAR) AS OF DECEMBER 31, 2025
| | | | | | | | | | | | | | | | Identity of Issue, Borrower,
Lessor, or Similar Party | Description of Investment including Maturity Date, Rate of Interest, Collateral, Par, or Maturity Value | Cost | Current Value | | | | | | | * | Graham Holdings Company Master Trust | Interest in Master Trust | ** | $ | 85,447,958 | | | | | | | | * | Notes receivable from Participants | Participant loans (4.25% - 9.5%) | ** | 1,102,008 | | | Total Assets Held at End of Year | | | $ | 86,549,966 | | | | | | | | | | | | | * | Party-in-interest | | ** | Cost is not required for participant-directed investments. |
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