GRDN director converts 1.3M Class B into Class A
Guardian Pharmacy Services, Inc. director and officer Fred Burke exercised a derivative position to acquire 1,298,826 shares of Class A common stock in an automatic conversion.
Rhea-AI Filing Summary
Guardian Pharmacy Services, Inc. director and officer Fred Burke exercised a derivative position to acquire 1,298,826 shares of Class A common stock in an automatic conversion. On March 28, 2026, 1,298,826 shares of Class B common stock converted into an equal number of Class A shares at a stated price of $0.00 per share, pursuant to the company’s Amended and Restated Certificate of Incorporation. Following the transactions, Burke held 1,298,825 shares of Class B common stock and 2,139,239 shares of Class A common stock directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,298,826 shares exercised/converted
Exercise
2 txns
Insider
Burke Fred
Role
See Remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Class B Common Stock | 1,298,826 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 1,298,826 | $0.00 | $0.00 |
Holdings After Transaction:
Class B Common Stock — 1,298,825 contracts (Direct);
Class A Common Stock — 2,139,239 shares (Direct)
Footnotes (1)
- F1. Pursuant to Guardian Pharmacy Services, Inc.'s (the "Issuer") Amended and Restated Certificate of Incorporation, the Reporting Person's shares of Class B common stock automatically convert into shares of the Issuer's Class A common stock, on a one-for-one basis, in substantially equal tranches on each of March 28, 2026 and September 27, 2026.
Key Figures
Class B shares converted: 1,298,826 shares
Conversion price: $0.00 per share
Class A shares acquired: 1,298,826 shares
+3 more
6 metrics
Class B shares converted
1,298,826 shares
Automatic conversion on March 28, 2026
Conversion price
$0.00 per share
Stated transaction price for Class B to Class A
Class A shares acquired
1,298,826 shares
Received via derivative exercise/conversion
Class A shares after transaction
2,139,239 shares
Direct Class A holdings following conversion
Class B shares after transaction
1,298,825 shares
Direct Class B holdings following conversion
Derivative exercise count
1 transaction
Exercise or conversion of derivative security
Key Terms
Class B common stock, Class A common stock, derivative exercise/conversion, Amended and Restated Certificate of Incorporation, +1 more
5 terms
Class B common stock financial
"The Reporting Person's shares of Class B common stock automatically convert into shares of the Issuer's Class A common stock"
A class B common stock is one of multiple types of a company’s ordinary shares that carries specific rights—often different voting power or dividend priority—compared with other classes. For investors it matters because those differences affect how much influence you have over company decisions, the income you might receive, and how freely the shares trade; think of it like owning a car with different keys: some keys let you start the engine and open the trunk, others only unlock the door.
Class A common stock financial
"automatically convert into shares of the Issuer's Class A common stock, on a one-for-one basis"
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
derivative exercise/conversion financial
"transaction_action: derivative exercise/conversion for the Class B to Class A conversion"
Amended and Restated Certificate of Incorporation regulatory
"Pursuant to Guardian Pharmacy Services, Inc.'s Amended and Restated Certificate of Incorporation, the Reporting Person's shares of Class B common stock automatically convert"
A company’s amended and restated certificate of incorporation is an updated version of its foundational legal charter that replaces the older document and folds in all changes into one clear copy; it spells out corporate structure, classes of stock, shareholder rights and key governance rules. Investors care because it can change who controls the company, how votes are counted, what claims shareholders have on assets or dividends, and can introduce or remove protections against takeovers—like updating a house title after a major renovation to show who owns what and under what rules.
automatic conversion financial
"shares of Class B common stock automatically convert into shares of the Issuer's Class A common stock, on a one-for-one basis"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did GRDN director Fred Burke report?
Fred Burke reported an automatic conversion of 1,298,826 shares of Class B common stock into 1,298,826 shares of Class A common stock. The transaction was recorded at a stated price of $0.00 per share as a derivative exercise/conversion.
What happened to Fred Burke’s GRDN Class B common stock in this filing?
On March 28, 2026, 1,298,826 shares of Class B common stock automatically converted into Class A shares. After this conversion, Burke directly held 1,298,825 shares of Class B common stock according to the reported totals following the transaction.
Was the GRDN insider transaction an open-market purchase or sale?
The reported GRDN insider activity was a derivative exercise/conversion, not an open-market trade. Class B shares automatically converted into Class A shares under the company’s charter, at a stated transaction price of $0.00 per share, with no sale recorded.
What does the GRDN footnote say about the Class B to Class A conversion?
The footnote explains that, under the Amended and Restated Certificate of Incorporation, the reporting person’s Class B shares automatically convert into Class A shares on a one-for-one basis in substantially equal tranches on March 28, 2026 and September 27, 2026.
AI-generated analysis. How Rhea-AI works. Not financial advice.
