Guardian Pharmacy (GRDN) 10% Owner Converts 1.41M Shares

What Happened

• Pharmacy Investors, LLC (listed as a 10% owner) reported the exercise/conversion of 1,413,939 derivative shares related to Guardian Pharmacy Services, Inc. (GRDN) on September 27, 2026. The filing shows a matched acquisition and disposition of the same 1,413,939 shares (transaction code M), with price reported as N/A.

Key Details

• Transaction date: September 27, 2026.
• Transaction code: M (exercise or conversion of a derivative).
• Shares involved: 1,413,939 acquired and 1,413,939 disposed (derivative conversion).
• Price/consideration: N/A in the filing (no cash amount reported).
• Shares owned after transaction: Not stated in the filing.
• Footnote: Under the issuer’s Amended and Restated Certificate of Incorporation, the Reporting Person’s Class B common stock automatically converted into one-for-one shares of Class A common stock on September 27, 2026.
• Filing timeliness: Report was filed the day after the period date (no late-filing indication in the form).

Context

• This filing reflects a corporate conversion of Class B into Class A common stock rather than an open-market purchase or sale. The matched acquire/dispose entries are a reporting artifact of the derivative conversion.
• As a 10% owner (institutional holder), this is not an insider executive trade; it documents structural share-class conversion, not a market-directional purchase or sale.