Cardinal Infrastructure COO reports initial holdings
Cardinal Infrastructure Group Inc. Chief Operating Officer Benjamin Wood filed an initial ownership report showing indirect equity interests through Diamond Interests Group, LLC.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
3
Rhea-AI Filing Summary
Cardinal Infrastructure Group Inc. Chief Operating Officer Benjamin Wood filed an initial ownership report showing indirect equity interests through Diamond Interests Group, LLC. That entity holds 2,093,031 shares of Class B Common Stock. Related LLC Units are redeemable on a 1-to-1 basis into an equal number of Class A Common shares, with the corresponding Class B shares forfeited and no expiration on the LLC Units.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Wood Benjamin
Role
CHIEF OPERATING OFFICER
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | LLC Units | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
Holdings After Transaction:
LLC Units — 2,093,031 contracts (Indirect, By Diamond Interests Group, LLC);
Class B Common Stock — 2,093,031 shares (Indirect, By Diamond Interests Group, LLC)
Footnotes (2)
- F1. Consists of 2,093,031 shares of Class B Common Stock of Cardinal Infrastructure Group Inc. held by Diamond Interests Group, LLC. The Reporting Person is a member and 50% owner of Diamond Interests Group, LLC.
- F2. The membership units of Cardinal Civil Contracting Holdings LLC (the "LLC Units") may be redeemed by the Reporting Person at any time at the option of the holder for shares of Class A Common Stock on a 1-to-1 basis, and a corresponding number of shares of Class B Common Stock will be forfeited in connection with the redemption. The LLC Units have no expiration date.
Key Figures
Indirect Class B shares: 2,093,031 shares
Underlying Class A shares: 2,093,031 shares
LLC Units exercise price: $0.0000 per unit
+1 more
4 metrics
Indirect Class B shares
2,093,031 shares
Held by Diamond Interests Group, LLC
Underlying Class A shares
2,093,031 shares
Redeemable via LLC Units on 1-to-1 basis
LLC Units exercise price
$0.0000 per unit
Membership units of Cardinal Civil Contracting Holdings LLC
Ownership in LLC
50% interest
Benjamin Wood’s ownership stake in Diamond Interests Group, LLC
Key Terms
Class B Common Stock, LLC Units, indirect, 1-to-1 basis, +1 more
5 terms
Class B Common Stock financial
"Consists of 2,093,031 shares of Class B Common Stock of Cardinal Infrastructure Group Inc."
A class B common stock is one of multiple types of a company’s ordinary shares that carries specific rights—often different voting power or dividend priority—compared with other classes. For investors it matters because those differences affect how much influence you have over company decisions, the income you might receive, and how freely the shares trade; think of it like owning a car with different keys: some keys let you start the engine and open the trunk, others only unlock the door.
LLC Units financial
"The membership units of Cardinal Civil Contracting Holdings LLC (the "LLC Units") may be redeemed"
LLC units are ownership stakes in a limited liability company, similar to shares in a corporation; each unit represents a portion of the company’s profits, losses and often voting power. For investors, LLC units matter because they determine how much money and control someone gets, how easily an interest can be sold, and how income is taxed and reported — think of owning slices of a pie that also decide how the pie is cut and shared.
indirect financial
"total_shares_following_transaction ... ownership_type": "indirect""
1-to-1 basis financial
"may be redeemed ... for shares of Class A Common Stock on a 1-to-1 basis"
expiration date financial
"The LLC Units have no expiration date."
The expiration date is the deadline after which a financial contract, such as an option or a futures agreement, is no longer valid or can be exercised. It matters to investors because it determines the timeframe during which they can take action or benefit from the contract, similar to how a coupon or a food item has a limited period of usefulness. Once the expiration date passes, the contract loses its value or ability to be used.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What does Benjamin Wood report owning in Cardinal Infrastructure Group Inc. (CDNL)?
Benjamin Wood reports an indirect interest in 2,093,031 shares of Class B Common Stock held by Diamond Interests Group, LLC. This stake is disclosed as part of his initial ownership filing as Chief Operating Officer of Cardinal Infrastructure Group Inc., highlighting his linked economic exposure.
What are the LLC Units referenced in Cardinal Infrastructure Group Inc. (CDNL) filing?
The LLC Units are membership units of Cardinal Civil Contracting Holdings LLC that can be redeemed for Class A Common Stock of Cardinal Infrastructure Group Inc. Each LLC Unit is exchangeable into one Class A share, linking the LLC interest directly to Cardinal’s Class A equity.
How does the 1-to-1 redemption of LLC Units affect Class B Common Stock of CDNL?
When LLC Units are redeemed for Class A Common Stock on a 1-to-1 basis, a corresponding number of Class B Common shares is forfeited. This means each redemption simultaneously increases Class A holdings and reduces Class B shares tied to the same economic interest.
AI-generated analysis. How Rhea-AI works. Not financial advice.
