Guardian Pharmacy's Kendall converts 608,570 shares

After conversion, the 10% Owner Group member had 1,651,059 Class A shares; retirement-related forfeitures included unvested stock awards.

Rhea-AI Filing Summary

Guardian Pharmacy Services, Inc. (symbol: GRDN) is the issuer of record for a Form 4 filing submitted to the SEC. Forbes Kendall, a member of the 10% Owner Group, had 608,570 shares of Class B common stock automatically converted one-for-one into 608,570 shares of Class A common stock on September 27, 2026. After the conversion, his reported Class A holdings were 1,651,059 shares. In connection with his retirement, he forfeited 19,337 unvested restricted stock units and 50,000 unvested stock options.

Insider Trade Summary

608,570 shares exercised/converted

Exercise 2 txns

Insider Forbes Kendall

Role Insider

Type	Security	Shares	Price	Value
Exercise	Class B Common Stock F1	608,570	--	--
Exercise	Class A Common Stock F1, F2	608,570	--	--

Holdings After Transaction: Class B Common Stock — 0 contracts (Direct); Class A Common Stock — 1,651,059 shares (Direct)

Footnotes (2)

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 converted into shares of the Issuer's Class A common stock, on a one-for-one basis, on September 27, 2026.
2. F2. Reflects the forfeiture of 19,337 unvested restricted stock units by the Reporting Person in connection with his retirement from the Company. The Reporting Person also forfeited 50,000 unvested stock options in connection with his retirement from the Company.

Key Figures

Class B common stock converted: 608,570 shares Class A common stock acquired: 608,570 shares Class A common stock held after transaction: 1,651,059 shares +2 more

5 metrics

Class B common stock converted 608,570 shares Automatically converted on September 27, 2026

Class A common stock acquired 608,570 shares Automatically converted on September 27, 2026

Class A common stock held after transaction 1,651,059 shares Reported following the September 27, 2026 conversion

Unvested restricted stock units forfeited 19,337 units In connection with retirement

Unvested stock options forfeited 50,000 options In connection with retirement

Key Terms

Class B common stock, Class A common stock, restricted stock units, Amended and Restated Certificate of Incorporation

4 terms

Class B common stock financial

"shares of Class B common stock automatically converted"

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

"converted into shares of the Issuer's Class A common stock"

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.

restricted stock units financial

"forfeiture of 19,337 unvested restricted stock units"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

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.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many GRDN Class A shares did Forbes Kendall acquire in the conversion?

On September 27, 2026, 608,570 Class B common shares automatically converted one-for-one into 608,570 Class A common shares. No Rule 10b5-1 plan is reported.

What GRDN awards did Forbes Kendall forfeit when he retired?

In connection with his retirement, Forbes Kendall forfeited 19,337 unvested restricted stock units and 50,000 unvested stock options.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 09/28/2026 - 05:08 PM Accepted by SEC EDGAR 09/28/2026 - 05:07 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Forbes Kendall

(Last) (First) (Middle)

300 GALLERIA PARKWAY SE, SUITE 800

(Street)

ATLANTA GEORGIA 30339

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Guardian Pharmacy Services, Inc. [ GRDN ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
	Officer (give title below)	X	Other (specify below)
			Member of 10% Owner Group

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/27/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	09/27/2026		M		608,570	A	(1)	1,651,059(2)	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Class B Common Stock	(1)	09/27/2026		M			608,570	(1)	(1)	Class A Common Stock	608,570	(1)	0	D

Explanation of Responses:

1. 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 converted into shares of the Issuer's Class A common stock, on a one-for-one basis, on September 27, 2026.

2. Reflects the forfeiture of 19,337 unvested restricted stock units by the Reporting Person in connection with his retirement from the Company. The Reporting Person also forfeited 50,000 unvested stock options in connection with his retirement from the Company.

	/s/ Douglas Towns, Attorney-in-Fact	09/28/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)