Zelman Ivy 4

What Happened
Zelman Ivy, a director of Cardinal Infrastructure Group Inc. (CDNL), received an award of 1,817 restricted stock units (RSUs) on June 5, 2026. The Form 4 shows an acquisition price of $0.00 for the grant (typical for RSU awards); the filing lists the grant quantity but does not report a cash value on the Form 4.

Key Details

• Transaction date: June 5, 2026; Form 4 filed June 9, 2026 (timely within required reporting window).
• Transaction type: Award/Grant (RSUs) — 1,817 RSUs @ $0.00.
• Shares owned after transaction: Not specified in the provided filing.
• Footnote: The RSUs vest at the earlier of (a) the next annual meeting of stockholders (if that meeting is at least 50 weeks after the prior year's meeting) or (b) the one-year anniversary of the grant, provided Ivy continues to serve as a director through the vesting date.
• Filing timeliness: Report was filed on June 9 for a June 5 grant — within the two-business-day Form 4 deadline.

Context
RSU grants are a common form of director compensation and do not transfer shares until they vest; they are not an immediate purchase or sale and therefore are not a direct bullish or bearish trading signal. The Form 4 records the grant itself; any future sale or ownership change will be reported separately once RSUs vest and shares are issued.