Guardian Pharmacy (GRDN) CEO Fred Burke Converts 1.30M Shares

What Happened

• Fred Burke, President, Chief Executive Officer and a 10% owner of Guardian Pharmacy Services, Inc. (GRDN), reported a derivative conversion on Sept 27, 2026. The filing shows 1,298,825 shares acquired and 1,298,825 shares disposed (transaction code M), reflecting the automatic one-for-one conversion of his Class B common stock into Class A common stock. No price or cash consideration is reported (N/A).

Key Details

• Transaction date: 2026-09-27; filing date: 2026-09-28 (filed the next day — appears timely).
• Price: N/A (no cash paid or received).
• Shares involved: 1,298,825 converted from Class B to Class A (acquired and disposed lines mirror the conversion).
• Shares owned after transaction: not specified in the provided filing excerpt.
• Footnote: Per the Issuer’s Amended and Restated Certificate of Incorporation, the Reporting Person’s Class B shares automatically converted to Class A on 9/27/2026 (see F1).
• Transaction code M denotes an exercise/conversion of a derivative instrument.

Context

• This was a share-class conversion (derivative exercise/conversion), not an open-market buy or sale — no cash changed hands and no immediate market-sale occurred, so it should not be read as a trade expressing a buy/sell view. As a 10% owner and CEO, Burke’s economic stake appears reclassified rather than newly acquired or reduced.