Salentine Thomas J Jr 4

What Happened

• Thomas J. Salentine Jr., a reported 10% owner of Guardian Pharmacy Services, Inc. (GRDN), recorded a conversion/exercise-type transaction on 2026-03-28 that affected 6,100,175 shares. The Form 4 shows an "M" code (exercise or conversion of a derivative): the derivative instrument was converted/acquired and the derivative instrument was disposed—reflecting conversion rather than a cash purchase or market sale.
• No per-share price or cash value is reported (N/A). The filing indicates these Class B shares automatically convert into Class A common stock on a one-for-one basis per the company charter.

Key Details

• Transaction date: 2026-03-28; Form 4 filed: 2026-03-31.
• Transaction code: M (exercise or conversion of derivative); reported as both acquired and disposed for 6,100,175 shares (reflects conversion of the derivative instrument).
• Price/value: N/A (no cash exchanged or price reported).
• Shares owned after transaction: not specified in the provided summary of the filing.
• Footnote: Under the Issuer’s Amended and Restated Certificate of Incorporation, the Reporting Person’s Class B shares automatically convert one-for-one into Class A shares in substantially equal tranches on March 28, 2026 and September 27, 2026.
• Filing timeliness: Form 4 was filed 2026-03-31 for a 2026-03-28 transaction; the filing date is shown but the report does not indicate a late filing code in the provided information.

Context

• This filing documents a structural conversion of share class (Class B → Class A) by a 10% owner, not a market buy or sale. Such automatic conversions are typically driven by charter provisions, not a change in insider sentiment.
• Because no cash price or sale of underlying Class A shares is shown, this transaction does not signal a purchase or liquidation — it simply records the exchange of a derivative/Class B holding into Class A common stock.