Cunningham Alex H. 4

What Happened Alex H. Cunningham, CEO of Cardiff Lexington Corp (CDIX), acquired 556,528 shares of the company's common stock on January 29, 2026. The Form 4 reports the transaction as an "other acquisition" (code J) with a reported price of $0.00, because the shares were issued in exchange for cancellation of deferred compensation totaling $2,365,242 — an implied conversion value of about $4.25 per share. This was an acquisition (not a market purchase) effected via a conversion agreement between the CEO and the company.

Key Details

• Transaction date: January 29, 2026; Form 4 filed February 2, 2026 (timely within two business days).
• Reported transaction: 556,528 shares acquired; Form 4 shows $0.00 per share due to non-cash conversion.
• Footnote: Deferred compensation of $2,365,242 was cancelled in exchange for the shares (Footnote F1).
• Shares owned following the transaction: not disclosed in the provided filing excerpt.
• Transaction code: J (other acquisition/disposition) with explanatory footnote; no 10b5-1 plan or tax-withholding note was reported.

Context This was not an open-market buy or option exercise but a conversion of deferred pay into equity. Such exchanges increase insider equity stakes but are driven by compensation arrangements rather than immediate market timing. The filing appears timely; no late-filing indication was noted in the report.