Brown Advisory group reports 4.54% Guardian Pharmacy (GRDN) stake on 13G/A

Rhea-AI Filing Summary

Brown Advisory Inc and affiliated entities filed an amended Schedule 13G reporting their passive ownership in Guardian Pharmacy Services, Inc. They disclose beneficial ownership of 1,644,569 shares of Class A common stock, representing 4.54% of the class as of 12/31/2025.

The shares are held across Brown Advisory Inc, Brown Investment Advisory & Trust Co, Brown Advisory LLC, Signature Financial Management, Inc., and Brown Advisory Ltd, through investment companies and other managed accounts. The group certifies the holdings are in the ordinary course of business and not for the purpose of changing or influencing control of Guardian Pharmacy Services.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 3)

Guardian Pharmacy Services, Inc.

(Name of Issuer)

Class A Common Stock, par value $0.001 per share

(Title of Class of Securities)

40145W101

(CUSIP Number)

12/31/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 40145W101

1

Names of Reporting Persons

BROWN ADVISORY INC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

MARYLAND

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 1,618,878.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 1,642,685.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,644,569.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

4.54 %

12

Type of Reporting Person (See Instructions)

HC

SCHEDULE 13G

CUSIP No. 40145W101

1

Names of Reporting Persons

BROWN INVESTMENT ADVISORY & TRUST CO

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

MARYLAND

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 25,842.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 23,958.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

25,842.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

0.07 %

12

Type of Reporting Person (See Instructions)

BK

SCHEDULE 13G

CUSIP No. 40145W101

1

Names of Reporting Persons

BROWN ADVISORY LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

MARYLAND

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 1,591,754.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 1,617,553.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,617,445.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

4.46 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

CUSIP No. 40145W101

1

Names of Reporting Persons

SIGNATURE FINANCIAL MANAGEMENT, INC.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

VIRGINIA

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 832.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 832.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

832.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

0.002 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

CUSIP No. 40145W101

1

Names of Reporting Persons

BROWN ADVISORY LTD

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED KINGDOM

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 450.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 342.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

450.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

0.001 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Guardian Pharmacy Services, Inc.
(b)	Address of issuer's principal executive offices: 300 GALLERIA PARKWAY SE, SUITE 800, ATLANTA, GEORGIA 30339
Item 2.
(a)	Name of person filing: BROWN ADVISORY INC BROWN INVESTMENT ADVISORY & TRUST CO BROWN ADVISORY LLC SIGNATURE FINANCIAL MANAGEMENT, INC. BROWN ADVISORY LTD
(b)	Address or principal business office or, if none, residence: 901 SOUTH BOND STREET SUITE #400 Baltimore, Maryland 21231
(c)	Citizenship: BROWN ADVISORY INC - MARYLAND BROWN INVESTMENT ADVISORY & TRUST CO - MARYLAND BROWN ADVISORY LLC - MARYLAND SIGNATURE FINANCIAL MANAGEMENT, INC. - VIRGINIA BROWN ADVISORY LTD - UNITED KINGDOM
(d)	Title of class of securities: Class A Common Stock, par value $0.001 per share
(e)	CUSIP No.: 40145W101
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 1,644,569
(b)	Percent of class: 4.54 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: BROWN ADVISORY INC - 1,618,878 BROWN INVESTMENT ADVISORY & TRUST CO - 25,842 BROWN ADVISORY LLC - 1,591,754 SIGNATURE FINANCIAL MANAGEMENT, INC. - 832 BROWN ADVISORY LTD - 450
	(ii) Shared power to vote or to direct the vote: BROWN ADVISORY INC - 0 BROWN INVESTMENT ADVISORY & TRUST CO - 0 BROWN ADVISORY LLC - 0 SIGNATURE FINANCIAL MANAGEMENT, INC. - 0 BROWN ADVISORY LTD - 0
	(iii) Sole power to dispose or to direct the disposition of: BROWN ADVISORY INC - 0 BROWN INVESTMENT ADVISORY & TRUST CO - 0 BROWN ADVISORY LLC - 0 SIGNATURE FINANCIAL MANAGEMENT, INC. - 0 BROWN ADVISORY LTD - 0
	(iv) Shared power to dispose or to direct the disposition of: BROWN ADVISORY INC - 1,642,685 BROWN INVESTMENT ADVISORY & TRUST CO - 23,958 BROWN ADVISORY LLC - 1,617,553 SIGNATURE FINANCIAL MANAGEMENT, INC. - 832 BROWN ADVISORY LTD - 342
Item 5.	Ownership of 5 Percent or Less of a Class.
	Ownership of 5 percent or less of a class
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. The total securities being reported are beneficially owned by investment companies and other managed accounts of direct/indirect subsidiaries or BAI (listed above). These subsidiaries may be deemed to be beneficial owners of the reported securities because applicable investment advisory contracts provide voting and/or investment power over securities.
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary. Brown Advisory Incorporated (BAI) is a parent holding company filing this schedule on behalf of the following subsidiaries pursuant to Rule 13d-1(b)(1)(ii)(G) under the Securities Exchange Act of 1934: Brown Investment Advisory & Trust Company (BIATC) BK (Bank) Brown Advisory LLC (BALLC) IA (Investment Adviser) Signature Financial Management, Inc. (Signature) IA (Investment Adviser) BROWN ADVISORY LTD - IA (Investment Adviser)
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

BROWN ADVISORY INC

Signature:	Victor Fernandez
Name/Title:	Chief Compliance Officer
Date:	02/13/2026

BROWN INVESTMENT ADVISORY & TRUST CO

Signature:	Victor Fernandez
Name/Title:	Chief Compliance Officer
Date:	02/13/2026

BROWN ADVISORY LLC

Signature:	Victor Fernandez
Name/Title:	Chief Compliance Officer
Date:	02/13/2026

SIGNATURE FINANCIAL MANAGEMENT, INC.

Signature:	Victor Fernandez
Name/Title:	Chief Compliance Officer
Date:	02/13/2026

BROWN ADVISORY LTD

Signature:	Victor Fernandez
Name/Title:	Chief Compliance Officer
Date:	02/13/2026

FAQ

What stake in Guardian Pharmacy Services (GRDN) does Brown Advisory report?

Brown Advisory and affiliates report beneficial ownership of 1,644,569 shares of Guardian Pharmacy Services Class A common stock, representing 4.54% of the outstanding class as of 12/31/2025, according to this amended Schedule 13G filing.

Is Brown Advisory’s position in Guardian Pharmacy Services (GRDN) passive or activist?

Brown Advisory certifies its Guardian Pharmacy Services holdings are held in the ordinary course of business and not for the purpose of changing or influencing control of the company, consistent with a passive investment reported on Schedule 13G.

Which Brown Advisory entities hold Guardian Pharmacy Services (GRDN) shares?

The reported beneficial ownership spans Brown Advisory Inc, Brown Investment Advisory & Trust Co, Brown Advisory LLC, Signature Financial Management, Inc., and Brown Advisory Ltd, with securities held in investment companies and other managed accounts of these direct and indirect subsidiaries.

What voting power does Brown Advisory have over Guardian Pharmacy Services (GRDN) shares?

The filing shows sole voting power over most reported shares, including 1,618,878 shares for Brown Advisory Inc and 1,591,754 shares for Brown Advisory LLC. All reporting entities disclose zero shared voting power for Guardian Pharmacy Services stock.

How are disposition rights over Guardian Pharmacy Services (GRDN) shares allocated?

The Schedule 13G indicates no sole dispositive power for any reporting entity. Dispositive authority is shared, including 1,642,685 shares for Brown Advisory Inc and 1,617,553 shares for Brown Advisory LLC, reflecting investment advisory arrangements over client accounts.

Why is Brown Advisory Incorporated (BAI) identified as a parent holding company for GRDN shares?

Brown Advisory Incorporated is described as a parent holding company filing on behalf of its subsidiaries under Rule 13d-1(b)(1)(ii)(G). Subsidiaries such as Brown Investment Advisory & Trust Company and Brown Advisory LLC may be deemed beneficial owners through advisory contracts granting voting or investment power.