Bindley Capital converts 6,100,175 Guardian shares
Rhea-AI Filing Summary
Bindley Capital Partners I, LLC, a more than ten percent owner of Guardian Pharmacy Services, Inc., exercised a derivative position that automatically converted 6,100,175 shares of Class B Common Stock into 6,100,175 shares of Class A Common Stock at $0.0000 per share.
Following this conversion on March 28, 2026, Bindley Capital Partners I, LLC directly holds 10,569,491 shares of Class A Common Stock. The conversion occurred under the company’s Amended and Restated Certificate of Incorporation, which provides for automatic one-for-one conversion in substantially equal tranches on March 28, 2026 and September 27, 2026.
Positive
- None.
Negative
- None.
Insider Trade Summary
6,100,175 shares exercised/converted
Exercise
2 txns
Insider
Bindley Capital Partners I, LLC
Role
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 (Direct);
Class A Common Stock — 10,569,491 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: 6,100,175 shares
Class A shares acquired: 6,100,175 shares
Class A shares held after: 10,569,491 shares
+1 more
4 metrics
Class B shares converted
6,100,175 shares
Automatic one-for-one conversion into Class A on March 28, 2026
Class A shares acquired
6,100,175 shares
Received via derivative exercise/conversion at $0.0000 per share
Class A shares held after
10,569,491 shares
Direct ownership following the March 28, 2026 conversion
Conversion price
$0.0000 per share
Exercise or conversion price for Class B into Class A
Key Terms
Class B Common Stock, Class A Common Stock, Exercise or conversion of derivative security, Amended and Restated Certificate of Incorporation
4 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.
Exercise or conversion of derivative security financial
"transaction_code_description": "Exercise or conversion of derivative security""
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.
What insider transaction did Bindley Capital report for Guardian Pharmacy Services (GRDN)?
Bindley Capital Partners I, LLC reported an automatic conversion of 6,100,175 shares of Class B Common Stock into 6,100,175 shares of Class A Common Stock at $0.0000 per share. This reflects a derivative exercise rather than an open-market purchase or sale.
Was the Guardian (GRDN) insider transaction a market buy or sell?
No, the transaction was not a market buy or sell. It was classified as a derivative exercise/conversion under code M, converting Class B Common Stock into Class A Common Stock automatically at $0.0000 per share, with no open-market trade disclosed.
What does Guardian’s charter say about Class B to Class A conversion for GRDN?
Guardian’s Amended and Restated Certificate of Incorporation provides that the reporting person’s Class B common stock automatically converts into Class A common stock on a one-for-one basis in substantially equal tranches on March 28, 2026 and September 27, 2026.
What transaction code was used in the Guardian (GRDN) Form 4 and what does it mean?
The filing used transaction code M, described as an “Exercise or conversion of derivative security.” This indicates a derivative position, here Class B Common Stock, was converted into the underlying Class A Common Stock rather than traded on the open market.
AI-generated analysis. How Rhea-AI works. Not financial advice.
