Cardinal Infrastructure (CDNL) CEO Jeremy Spivey Simmons Buys Shares

What Happened

• Jeremy Spivey Simmons, CEO of Cardinal Infrastructure Group Inc. (CDNL), made a series of open-market purchases on August 14, 2026 totaling 83,350 shares for approximately $3.20 million.
  • 12,366 shares at $36.58 each — $452,348
  • 14,224 shares at $37.69 each — $536,103
  • 45,249 shares at $38.82 each — $1,756,566
  • 11,511 shares at $39.65 each — $456,411
• These were purchases (reporting code P), which investors often view as insiders increasing their stake.

Key Details

• Transaction date: August 14, 2026. Form 4 filed August 17, 2026.
• Total shares acquired: 83,350; approximate total value: $3,201,428.
• Shares owned after the transaction: Not disclosed in the provided excerpt of the filing.
• Footnotes: Each reported price is a weighted average of multiple trades:
  • F1: range $36.19–$37.12 for the first lot
  • F2: range $37.30–$38.28 for the second lot
  • F3: range $38.47–$39.46 for the third lot
  • F4: range $39.47–$40.09 for the fourth lot The filer offered to provide detailed per-trade prices on request to the company, shareholders, or the SEC staff.
• No 10b5-1 plan, option exercise, award, gift, or tax-withholding notation was reported in the supplied data.
• Filing timeliness: The Form 4 was filed three days after the trades (filed Aug 17 for trades on Aug 14); no late-filing designation is shown in the provided excerpt.

Context

• These were straightforward open-market purchases (no option exercise or award). While purchases by insiders can be interpreted by market participants as a positive sign, this summary only reports the transactions and associated details shown on the Form 4.