Form 4: Guardian Pharmacy Services Director Converts Class B Common Stock to Class A

William E. Bindley, a director and 10% owner of Guardian Pharmacy Services, converted 6,100,176 shares of Class B common stock into Class A common stock on March 28, 2025.

Summary

• On March 28, 2025, William E. Bindley, a director and 10% owner of Guardian Pharmacy Services, converted 6,100,176 shares of Class B common stock into Class A common stock.
• The conversion was executed under the terms of the company's Amended and Restated Certificate of Incorporation.
• The certificate stipulates that Class B common stock converts to Class A common stock on a one-for-one basis in four equal tranches on March 28, 2025, September 27, 2025, March 28, 2026, and September 27, 2026.
• Following the transaction, Bindley indirectly owns 6,100,176 shares of Class A Common Stock through Bindley Capital Partners I, LLC and 18,300,526 derivative securities through Bindley Capital Partners I, LLC.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing a pre-planned stock conversion, indicating a neutral sentiment.

Future Outlook

The remaining Class B shares will convert to Class A shares in three additional tranches on September 27, 2025, March 28, 2026, and September 27, 2026.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The conversion of stock may have a minor impact on shareholders due to the change in the number of Class A shares outstanding.

Key Dates

Keywords

Form 4, Guardian Pharmacy Services, William E. Bindley, Class B Common Stock, Class A Common Stock, Conversion, Director, 10% Owner, Bindley Capital Partners I, LLC