Pharmacy Investors, LLC 4

What Happened
Pharmacy Investors, LLC — a disclosed 10% owner of Guardian Pharmacy Services, Inc. (GRDN) — sold 827,636 shares of the issuer’s Class A common stock on March 20, 2026. The shares were sold at $29.68 per share for a total proceeds of $24,566,306. This was a sale (not a purchase), and therefore is typically treated as a liquidity/secondary transaction rather than a direct bullish signal.

Key Details

• Transaction date: 2026-03-20. Price per share: $29.68. Shares sold: 827,636. Total value: $24,566,306.
• Filing date: 2026-03-24; this Form 4 was filed within the standard two-business-day window following the transaction.
• Security: Class A common stock, $0.001 par value. Transaction code: S (sale).
• Footnote: The sale was made pursuant to an Underwriting Agreement dated March 18, 2026, among the issuer, selling stockholders, and the underwriters (BofA Securities, Inc. and Jefferies LLC) — indicating the shares were sold as part of an underwriting arrangement.
• Shares owned after the transaction: not specified on this Form 4.

Context
This filing reflects a selling-stockholder transaction by a large (10%) institutional owner as part of an underwriting arrangement. Such secondary-sales by institutional holders are common around offerings and should be viewed as liquidity-related rather than an insider vote on company fundamentals.