Guardian Pharmacy (GRDN) 10% Owner William Bindley Converts 6.1M Shares

What Happened

• William E. Bindley, a reported 10% owner of Guardian Pharmacy Services, reported the conversion of 6,100,175 shares on September 27, 2026. The Form 4 shows both an acquisition and a disposition of 6,100,175 shares (transaction code M). No price is listed (N/A) and no cash sale or open-market trade occurred.

Key Details

• Transaction date: 2026-09-27; Form 4 filed: 2026-09-28 (appears timely).
• Shares involved: 6,100,175 shares acquired and 6,100,175 shares disposed (both entries on the Form 4); price: N/A.
• Post-transaction holdings: not specified in the provided summary of the filing.
• Footnote: Per the company’s Amended and Restated Certificate of Incorporation, the Reporting Person’s Class B common stock automatically converted into Class A common stock on a one-for-one basis on September 27, 2026.
• Filing timeliness: filing date is the day after the conversion date, which is generally timely for Form 4 reporting.

Context

• This was a charter-mandated conversion of share classes (Class B → Class A), recorded as a derivative conversion (M). It is not a purchase or sale in the market and does not indicate a change in economic exposure by itself.
• As a 10% owner, Bindley is a large-holder; these internal conversions are administrative and typically neutral from a trading-signal perspective.