Cardiff Lexington (CDIX) Director Catherine Pennington Receives 500,000 Shares

What Happened
Catherine B. Pennington, a director of Cardiff Lexington Corp (CDIX), was reported on a Form 4 to have received an award/acquisition of 500,000 shares as a derivative security on 2026-09-08. The filing lists a per-share acquisition price of $0.00 (total reported cost $0), indicating this was an awarded/issued derivative—not an open-market purchase or sale. The Form 4 was filed with the SEC on 2026-09-15 (accession 0001683168-26-007166), which is later than the typical two-business-day filing window.

Key Details

• Transaction date: 2026-09-08. Filing date (Form 4): 2026-09-15 (appears late relative to standard 2-business-day deadline).
• Reported transaction type/code: "A" — Grant/Award or other acquisition (derivative).
• Shares acquired: 500,000 derivative shares; reported acquisition price: $0.00; reported total $0.
• Shares owned after transaction: not specified in the excerpt provided — check the full Form 4 (column reporting “Amount of securities owned following reported transaction”) for post-transaction ownership.
• No footnotes or 10b5-1 / tax-withholding details were included in the provided data.

Context

• The filing reports a derivative award rather than an open-market buy or sale. The Form 4 excerpt does not specify the exact type of derivative (e.g., restricted stock units, performance shares, or other).
• A $0 acquisition on Form 4 typically reflects a grant/award; the economic value to the insider depends on the underlying stock price and any vesting or performance conditions.
• Because the filing was submitted several days after the transaction date, investors may want to view the full Form 4 for additional disclosures (vesting schedule, underlying security details) and to confirm current insider ownership.