Lee Richard Melvin Jr. 4

What Happened
Lee Richard Melvin Jr., a director of Cardinal Infrastructure Group, was granted 1,941 restricted stock units (RSUs) on June 5, 2026. The award is reported as an acquisition at $0.00 (total reported value $0). This is a compensation award (transaction code A), not an open-market purchase or sale.

Key Details

• Transaction date: June 5, 2026; Form 4 filed June 9, 2026 (filed within the 2-business-day window).
• Shares/units granted: 1,941 RSUs; reported acquisition price: $0.00.
• Prior Form 4 correction: a Form 4 filed May 11, 2026 was corrected — the proper amount of securities beneficially owned following that reported transaction should have been 32,313 (see footnote). This grant increases his holdings by 1,941 RSUs.
• Vesting: RSUs vest on the earlier of (1) the next annual meeting of stockholders (if that meeting is at least 50 weeks after the prior annual meeting) or (2) the one-year anniversary of the grant, provided Melvin remains a director through the vesting date (footnote).
• No indication of tax withholding, 10b5-1 plan, or immediate sale in this filing.

Context
RSU grants are standard equity compensation for directors and only convert into shares if/when they vest; they do not represent an immediate market purchase or sale. Such awards signal compensation alignment with shareholders but do not, by themselves, indicate the insider is buying or selling stock for investment reasons.