Cardinal Equity Fund, L.P. - 28 Mar 2025 Form 4 Insider Report for Guardian Pharmacy Services, Inc. (GRDN)

Role
Member of 10% owner group
Signature
/s/ Douglas Towns, Attorney-in-Fact
Issuer symbol
GRDN
Transactions as of
28 Mar 2025
Net transactions value
-$6,476,662
Form type
4
Filing time
30 Sep 2025, 16:10:13 UTC
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Cardinal Equity Fund, L.P. Member of 10% owner group 401 PENNSYLVANIA PARKWAY, SUITE 100, INDIANAPOLIS /s/ Douglas Towns, Attorney-in-Fact 30 Sep 2025 0001432819

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GRDN Class A Common Stock Sale $5,462,513 -270,958 -58% $20.16 200,099 27 May 2025 Direct F1
transaction GRDN Class A Common Stock Sale $1,014,149 -50,305 -25% $20.16 149,794 28 May 2025 Direct F1
transaction GRDN Class A Common Stock Options Exercise +471,057 +314% 620,851 27 Sep 2025 Direct F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction GRDN Class B Common Stock Options Exercise -471,057 -33% 942,114 27 Sep 2025 Class A Common Stock 471,057 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares of Guardian Pharmacy Services, Inc.'s (the "Issuer") Class A common stock sold pursuant to the Underwriting Agreement, dated May 22, 2025, by and among the Issuer, the selling stockholders party thereto and Raymond James & Associates, Inc., as representative of the several underwriters named therein.
F2 Pursuant to the Issuer's 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 September 27, 2025, March 28, 2026 and September 27, 2026.