Guardian Pharmacy director converts 6.1M shares
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Form Type
4
Rhea-AI Filing Summary
Guardian Pharmacy Services director and 10% owner William E. Bindley, through Bindley Capital Partners I, LLC, exercised a derivative position so that 6,100,175 shares of Class B common stock automatically converted into the same number of Class A shares on March 28, 2026.
This automatic one-for-one conversion is described in the company’s Amended and Restated Certificate of Incorporation, which provides for substantially equal tranches on March 28, 2026 and September 27, 2026. Following the transaction, Bindley Capital Partners I, LLC indirectly held 10,569,491 shares of Class A common stock.
Insider Trade Summary
6,100,175 shares exercised/converted
Exercise
2 txns
Insider
BINDLEY WILLIAM E
Role
Director, 10% Owner
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Class B Common Stock | 6,100,175 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 6,100,175 | $0.00 | $0.00 |
Holdings After Transaction:
Class B Common Stock — 6,100,175 contracts (Indirect, By Bindley Capital Partners I, LLC);
Class A Common Stock — 10,569,491 shares (Indirect, By Bindley Capital Partners I, LLC)
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 to Class A conversion: 6,100,175 shares
Class A shares held after transaction: 10,569,491 shares
Exercise price per share: $0.00 per share
+1 more
4 metrics
Class B to Class A conversion
6,100,175 shares
Automatic one-for-one conversion on March 28, 2026
Class A shares held after transaction
10,569,491 shares
Indirectly held by Bindley Capital Partners I, LLC after conversion
Exercise price per share
$0.00 per share
Reported price for the derivative exercise/conversion
Derivative exercise shares
6,100,175 shares
Exercise or conversion of derivative security (code M)
Key Terms
Class B common stock, Class A common stock, derivative security, 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"
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 security financial
"transaction_code_description": "Exercise or conversion of derivative security""
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
Amended and Restated Certificate of Incorporation regulatory
"Pursuant to Guardian Pharmacy Services, Inc.'s ... Amended and Restated Certificate of Incorporation"
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 convert financial
"shares of Class B common stock automatically convert into shares of the Issuer's Class A common stock"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did GRDN report for William E. Bindley?
Guardian Pharmacy Services reported that William E. Bindley, via Bindley Capital Partners I, LLC, exercised a derivative position, converting 6,100,175 shares of Class B common stock into 6,100,175 shares of Class A common stock on March 28, 2026 under an automatic conversion feature.
What does transaction code "M" mean in the GRDN Form 4 filing?
Transaction code “M” indicates an exercise or conversion of a derivative security. In this case, 6,100,175 shares of Class B common stock were converted into 6,100,175 shares of Class A common stock, with no reported open-market purchase or sale of Guardian Pharmacy Services shares.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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