Burke Fred 4

What Happened
Fred Burke, President and Chief Executive Officer of Guardian Pharmacy Services, Inc. (GRDN), sold 671,432 shares of Class A common stock on March 20, 2026. The shares were disposed at $29.68 per share for total proceeds of $19,929,780. The Form 4 reports the transaction as a sale (code S).

Key Details

• Transaction date and price: 2026-03-20 at $29.68 per share.
• Shares sold and proceeds: 671,432 shares; $19,929,780 total (≈ $19.93M).
• Security: Class A common stock, par value $0.001 (Issuer = Guardian Pharmacy Services, Inc.).
• Footnote: F1 states the shares were sold pursuant to an Underwriting Agreement dated March 18, 2026, among the issuer, the selling stockholders, and BofA Securities, Inc. and Jefferies LLC as representatives of the underwriters.
• Shares owned after transaction: Not disclosed in this Form 4.
• Filing: Report filed 2026-03-24 (timely filed within the SEC’s two-business-day requirement).

Context
The filing indicates this was an underwritten sale (part of an offering handled by underwriters) rather than a simple open-market trade. Such sales can be part of registered offerings or secondary transactions and do not, by themselves, indicate the insider’s view of the company’s prospects. Purchases are generally viewed as a stronger signal than routine or offering-related sales.