Bindley Capital Partners I, LLC 4

What Happened

• Bindley Capital Partners I, LLC (reported as a 10% owner) exercised/converted 6,100,175 derivative shares into Class A common stock of Guardian Pharmacy Services, Inc. on March 28, 2026. The Form 4 shows both an "acquired" entry for 6,100,175 shares and a matching "disposed" entry for 6,100,175 derivative shares; no per-share price or cash amount is reported (N/A).

Key Details

• Transaction date: 2026-03-28; Filing date (Form 4): 2026-03-31 (appears to be timely).
• Price: Not reported (N/A) on the Form 4.
• Shares involved: 6,100,175 shares acquired and 6,100,175 derivative shares disposed (one-for-one conversion).
• Shares owned after transaction: Not specified in the excerpt provided.
• Footnote: Per the issuer’s charter, the Reporting Person’s Class B common shares automatically convert one-for-one into Class A common stock in substantially equal tranches on March 28, 2026 and September 27, 2026 (footnote F1).
• Filing timeliness: The filing date suggests the Form 4 was submitted promptly after the March 28 conversion; no late-filing flag was indicated.

Context

• This filing documents a conversion/exercise of a derivative (Class B → Class A conversion), not an open-market buy or sale for cash. The matching acquired/disposed entries reflect the structural conversion of one security into another rather than a market trade. As a 10% institutional owner, Bindley Capital’s activity reflects ownership restructuring under the company’s charter rather than an executive insider trading signal.