Cardinal Infrastructure (CDNL) Director Lee Melvin Buys 34,000 Shares

What Happened

• Lee Richard Melvin Jr., a director of Cardinal Infrastructure Group Inc. (CDNL), made open-market purchases on August 14, 2026, acquiring a total of 34,000 shares. The filings report 27,000 shares at a weighted average price of $36.59 (value $987,930) and 7,000 shares at a weighted average price of $37.73 (value $264,110), for combined proceeds of approximately $1,252,040. These transactions are reported as purchases (code P), which are generally viewed as insider buying rather than selling.

Key Details

• Transaction date: 2026-08-14 (reported on Form 4 filed 2026-08-17) — filing is within the normal two-business-day reporting window.
• Lot 1: 27,000 shares at weighted avg $36.59 — total $987,930 (footnote F1: purchases in that lot occurred at prices from $36.26 to $37.22).
• Lot 2: 7,000 shares at weighted avg $37.73 — total $264,110 (footnote F2: purchases in that lot occurred at prices from $37.51 to $37.74).
• Shares owned after the transactions: not specified in the provided excerpt of the filing.
• Footnotes: F1 and F2 note the reported prices are weighted averages across multiple trades and the reporting person will provide a per-price breakdown to the company, any shareholder, or the SEC staff on request.

Context

• These were straightforward open-market purchases (no option exercises, gifts, or automatic trading plans noted in the provided data). Insider buys can be of interest to retail investors as one data point on management/director confidence, but they do not by themselves prove future stock performance.