[Form 4] Cardinal Infrastructure Group Inc. Insider Trading Activity
Rhea-AI Filing Summary
Cardinal Infrastructure Group Inc.'s chief financial officer reported equity ownership changes on a Form 4. On December 9, 2025, the officer acquired 2,429,624 shares of Class B Common Stock and an equal number of LLC Units as part of a reorganization in connection with the company’s initial public offering, as described in its registration statement on Form S-1. On December 11, 2025, 595,238 Class B shares were canceled for no consideration in connection with the redemption of the same number of LLC Units at a derivative price of $21 per unit.
After these transactions, the officer beneficially owned 1,834,386 Class B shares and 1,834,386 LLC Units directly, plus 203,617 Class B shares and 203,617 LLC Units indirectly through The Rowe Family Irrevocable Trust dated March 13, 2024. Each LLC Unit is redeemable at the holder’s option into one share of Class A Common Stock, with a corresponding Class B share forfeited on redemption, and the units have no expiration date.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | LLC Units | 595,238 | $21.00 | $12.50M |
| Disposition | LLC Units | 66,071 | $21.00 | $1.39M |
| Disposition | Class B Common Stock | 595,238 | $0.00 | -- |
| Disposition | Class B Common Stock | 66,071 | $0.00 | -- |
| Grant/Award | LLC Units | 2,429,624 | $0.00 | -- |
| Grant/Award | LLC Units | 269,688 | $0.00 | -- |
| Grant/Award | Class B Common Stock | 2,429,624 | $0.00 | -- |
| Grant/Award | Class B Common Stock | 269,688 | $0.00 | -- |
Footnotes (1)
- Represents securities received as part of the Issuer's reorganization in connection with its initial public offering, as described in the registration statement on Form S-1 relating to the initial public offering. These securities were previously reported on a Form 3 filed by the Reporting Person. Reflects the cancellation for no consideration of Class B Common Stock in connection with the redemption of the membership units of Cardinal Civil Contracting Holdings LLC (the "LLC Units"). The Reporting Person is the spouse of the trustee of The Rowe Family Irrevocable Trust dated March 13, 2024 ("Rowe Trust"), and as a result, may be deemed to share beneficial ownership of the securities held of record by Rowe Trust. 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.
