GRDN CLUSTER SEC Filing Analysis

Latest settled — T+20d

GRDN ▲ +4.83% at T+20d

SHORT call ✗ call lost -4.83% · α vs SPY +4.49% · entry $35.62 → $37.34

Next anchor: T+60d in 4h

Last close $43.09 (close Jun 12) · -20.97% from $35.62 entry (call sign-flipped)

Entry anchored
Mar 19, 03:59 PM ET
via Databento tick

T+1d

+4.60%

call -4.60% · α -3.50%

$37.26

settled 3mo ago

T+5d

-4.10%

call +4.10% · α +1.95%

$34.16

settled 3mo ago

T+20d

+4.83%

call -4.83% · α +4.49%

$37.34

settled 8w ago

T+60d

—

call — · α —

—

in 4h

Price Chart

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Executive Summary

Nine insiders, including directors and affiliated entities, conducted coordinated open-market sales of Guardian Pharmacy Services (GRDN) stock on March 20, 2026, totaling $411.1 million in value. The sellers include major shareholders and board members, with several selling over 3.5 million shares each. This represents a highly concentrated and material divestment by insiders.

Key Financial Metrics

Direction

selling

Total Value

$411.1M

Insiders

9

Actionable Insight

Traders should anticipate significant downward pressure on GRDN shares due to the sheer scale of insider selling, especially given the participation of top directors and large shareholders. This level of coordinated divestment may signal a lack of confidence in near-term prospects or an impending negative catalyst.

Key Facts

Total of $411.1 million in open-market share sales by insiders on March 20, 2026
Sales conducted by 9 distinct insiders, including 3 directors (Bindley, Ackerman, Salentine) and affiliated entities
All transactions were open-market sales (Form 4 code 'S') at $29.6825 per share
Largest individual/entity sales: ~$105.99 million each by Bindley William E, Bindley Capital Partners I, LLC, and Salentine Thomas J Jr
Total value represents ~17.1% of GRDN's $2.4B market cap — an extremely high threshold for insider selling

Financial Impact

$411.1 million in insider sales, equivalent to 17.1% of market capitalization

insider ownershipinvestor confidencestock price pressure

Risk Factors

Potential for sharp stock price decline due to perception of insider exodus
Possible upcoming negative news that prompted preemptive selling
Reduced institutional confidence following such a large insider exit

Market Snapshot

Exchange

NYSE

Documents Analyzed

This report is based on 1 SEC document filed with EDGAR.

Document	Accession Number
CONTEXT: Insider Cluster Data (9 trades, 7d window)	cluster-GRDN-1774383344220

7 reports for GRDN

T+1T+5T+20T+60

Track record builds as more directional reports settle.

Filters

Reports for GRDN — sortable, filterable
	Type				Now
Jun 11, 2026 3d ago	Institutional Cluster NEUTRAL ★ 3/10	$42.00 awaiting T+5	awaiting T+5	—	$43.09 (+2.60%)
May 28, 2026 17d ago	8-K NEUTRAL ★ 4/10	$38.74 $40.48	▲ +4.49%	▲ +6.99%	$43.09 (+11.23%)
May 6, 2026 5w ago	S-3ASR NEUTRAL ★ 3/10	$36.27 $35.67	▼ −1.65%	▼ −3.16%	$43.09 (+18.80%)
May 6, 2026 5w ago	8-K BULLISH ★ 6/10	$36.27 $35.67	▼ −1.65%	▼ −3.16%	$43.09 (+18.80%)
Mar 26, 2026 11w ago	DEFA14A NEUTRAL ★ 3/10	$35.40 $37.99	▲ +7.32%	▲ +5.68%	$43.09 (+21.72%)
Mar 20, 2026 12w ago	Insider Cluster BEARISH ★ 9/10	$35.62 $34.16	▲ +4.10%	▲ +1.95%	$43.09 (−20.97%)
Feb 28, 2026 15w ago	Institutional Cluster NEUTRAL ★ 5/10	$33.66 $32.34	▼ −3.92%	▼ −2.71%	$43.09 (+28.02%)

US Market Status

Market Closed — Opens in 5h 4m

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