Forbes Kendall 4

What Happened

• Forbes Kendall, Executive Vice President, Sales & Operations of Guardian Pharmacy Services, reported a conversion transaction on March 28, 2026. The filing records 608,570 shares acquired and 608,570 shares disposed under code M (exercise or conversion of a derivative). No price is reported (N/A), because the transaction was an automatic one-for-one conversion of Class B common stock into Class A common stock under the company’s charter — not an open-market purchase or sale.

Key Details

• Transaction date: March 28, 2026 (Form 4 filed March 31, 2026)
• Security/amount: 608,570 shares converted (Class B → Class A), price: N/A
• Shares owned after transaction: not specified in the filing
• Footnote: Per the Issuer’s Amended and Restated Certificate of Incorporation, the Reporting Person’s Class B shares automatically convert one-for-one into Class A shares in substantially equal tranches on March 28, 2026 and September 27, 2026 (see F1)
• Filing type: Conversion of derivative security (code M); this was not a sale or purchase in the market

Context

• This was an automatic charter-mandated conversion (one-for-one) of share class — not a market trade or exercise for cash. Such conversions change share class and voting/transfer characteristics but do not by themselves indicate buying or selling intent.