Guardian (GRDN) 10% Owner John Ackerman Converts 1.88M Shares

What Happened

• John Ackerman, listed as a 10% owner of Guardian Pharmacy Services, converted a total of 1,884,996 shares (1,413,939 + 471,057) on September 27, 2026. The Form 4 shows matching "acquired" (Class A) and "disposed" (derivative/Class B) entries; no dollar price is reported and no open‑market sale occurred. This was an automatic one‑for‑one conversion of Class B common stock into Class A common stock per the company’s amended certificate of incorporation.

Key Details

• Transaction date: 2026-09-27; Form 4 filed 2026-09-28 (filed the next day).
• Shares converted: 1,413,939 and 471,057 (total 1,884,996). Prices reported as N/A (no cash purchase or sale).
• Shares owned after transaction: the Form 4 does not list a post‑transaction total; Ackerman is identified on the filing as a 10% owner.
• Footnote: F1 states Class B shares automatically converted into Class A on a one‑for‑one basis on Sept 27, 2026.
• Filing timeliness: appears timely (filed the business day after the conversion).

Context

• This filing documents a conversion of share class, not a sale. The "disposed" entries reflect surrender/conversion of Class B derivative shares, while the "acquired" entries reflect receipt of Class A shares. No cash changed hands and there’s no immediate implication of insider buying or selling activity. As a 10% holder, Ackerman is a major stakeholder; conversions like this are often administrative (changing share class) rather than a signal of buying or selling.