10/14/2025 | Press release | Distributed by Public on 10/14/2025 14:52
| Item 8.01 |
Other Events. |
Common Stock Lock-UpAgreements with Certain Holders
On October 14, 2025, Guardian Pharmacy Services, Inc. (the "Company") announced that the Company has entered into lock-upagreements with holders (the "Lock-UpHolders") of approximately 93% of the outstanding shares of the Company's Class A common stock and Class B common stock that are held by the Company's founders, executive officers, employees and others who held shares of the Company's common stock immediately prior to completion of the Company's initial public offering on September 27, 2024.
Pursuant to these agreements, the Lock-UpHolders have agreed that, during the period from October 19, 2025 (the expiration date for existing lock-upagreements with holders for substantially the same number of shares of the Company's common stock) through June 30, 2026 (the "Lock-UpPeriod"), they will not offer, sell, distribute or otherwise dispose of or transfer any shares of the Company's common stock without the prior written consent of the Company. The lock-upagreements impose transfer restrictions on 17,188,059 outstanding shares of Class A common stock held by the Lock-UpHolders, as well as 12,759,054 additional shares of Class A common stock issuable to the Lock-UpHolders on March 28, 2026 upon the automatic conversion of an equal number of outstanding shares of Class B common stock held by them. The Lock-UpPeriod with respect to any Lock-UpHolder may be extended by mutual written agreement of the Company and the respective Lock-UpHolder.
As of September 30, 2025, the Company had outstanding 36,253,744 shares of Class A common stock and 27,066,890 shares of Class B common stock. Pursuant to the Company's Amended and Restated Certificate of Incorporation (the "Charter"), shares of the Company's Class B common stock convert automatically into shares of Class A common stock in designated amounts and at times specified in the Charter, and generally may not be transferred by the holder thereof, subject to limited exceptions.