Cardinal Equity Fund converts 471K GRDN Class B shares
Cardinal Equity Fund, L.P., a member of a 10% owner group of Guardian Pharmacy Services, Inc., exercised a derivative position as part of an automatic conversion.
Rhea-AI Filing Summary
Cardinal Equity Fund, L.P., a member of a 10% owner group of Guardian Pharmacy Services, Inc., exercised a derivative position as part of an automatic conversion. On March 28, 2026, 471,057 shares of Class B common stock converted into 471,057 shares of Class A common stock on a one-for-one basis at $0.0000 per share, as provided in the company’s Amended and Restated Certificate of Incorporation. Following this conversion, Cardinal Equity Fund directly holds 816,180 shares of Class A common stock. The footnote states that the Class B shares convert in substantially equal tranches on March 28, 2026 and September 27, 2026.
Positive
- None.
Negative
- None.
Insider Trade Summary
471,057 shares exercised/converted
Exercise
2 txns
Insider
Cardinal Equity Fund, L.P.
Role
Insider
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Class B Common Stock | 471,057 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 471,057 | $0.00 | $0.00 |
Holdings After Transaction:
Class B Common Stock — 471,057 contracts (Direct);
Class A Common Stock — 816,180 shares (Direct)
Footnotes (1)
- F1. Pursuant to the Issuer's 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
Shares converted: 471,057 shares
Conversion ratio: 1-for-1
Conversion price: $0.0000 per share
+2 more
5 metrics
Shares converted
471,057 shares
Class B to Class A conversion on March 28, 2026
Conversion ratio
1-for-1
Class B common stock into Class A common stock
Conversion price
$0.0000 per share
Automatic conversion of Class B into Class A
Class A holdings after transaction
816,180 shares
Directly held by Cardinal Equity Fund after March 28, 2026
Conversion tranches
2 dates
Substantially equal tranches on March 28, 2026 and September 27, 2026
Key Terms
Class B common stock, Class A common stock, Amended and Restated Certificate of Incorporation, automatic convert, +1 more
5 terms
Class B common stock financial
"the Reporting Person's shares of Class B common stock automatically convert"
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
"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.
Amended and Restated Certificate of Incorporation regulatory
"Pursuant to the Issuer's Amended and Restated Certificate of Incorporation, the Reporting Person's shares"
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"
derivative exercise/conversion financial
"transaction_action": "derivative exercise/conversion""
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Cardinal Equity Fund report for GRDN?
Cardinal Equity Fund reported an automatic conversion of 471,057 Class B shares into 471,057 Class A shares. The conversion occurred on March 28, 2026 at a stated price of $0.0000 per share under Guardian Pharmacy Services’ charter terms.
Was the GRDN insider transaction a market buy or sell?
The transaction was not a market buy or sell; it was a derivative exercise and automatic conversion. 471,057 Class B shares converted into 471,057 Class A shares at $0.0000 per share, consistent with the company’s Amended and Restated Certificate of Incorporation.
AI-generated analysis. How Rhea-AI works. Not financial advice.
