BINDLEY WILLIAM E 4

What Happened

• William E. Bindley, a reported 10% owner of Guardian Pharmacy Services, Inc. (GRDN), had 6,100,175 shares convert on March 28, 2026. The Form 4 reports an exercise/conversion (code M) showing the same number of shares both "acquired" and "disposed" — this reflects a conversion of Class B common shares into Class A common shares rather than an open-market purchase or sale. No price or cash value is reported.

Key Details

• Transaction date: 2026-03-28 (reported on Form 4 filed 2026-03-31)
• Transaction type/code: M — exercise/conversion of derivative (conversion of Class B to Class A)
• Shares converted: 6,100,175 (listed as both acquired and disposed in the filing)
• Price/value: N/A (no cash paid or received in the conversion)
• Shares owned after transaction: Not specified in the filing
• Footnote: Per the company’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.
• Timeliness: Form 4 was filed March 31, 2026 for the March 28 event; this appears to be a routine timely filing.

Context

• This was an administrative conversion of share class (reclassification), not a buy or sell that signals a change in market exposure. For 10% owners, these filings often reflect structural changes in share class rather than trading decisions. No cashless exercise or immediate sale was reported.