Cardinal Infrastructure Group (CDNL) director buys 51K shares

Rhea-AI Filing Summary

Cardinal Infrastructure Group Inc. director Anthony Leon Wood Jr. reported open-market purchases of Class A Common Stock. On 2026-08-14, he purchased 34,019 shares at a weighted average price of $39.16 per share and 17,381 shares at a weighted average price of $39.75 per share. Each reported price is a weighted average for multiple trades within stated intraday ranges.

Insider Trade Summary

Net Buyer: 51,400 shares

Net Buy 2 txns

Insider Wood Anthony Leon Jr.

Role Director

Bought 51,400 shs ($2.02M)

Type	Security	Shares	Price	Value
Purchase	Class A Common Stock F1	34,019	$39.16	$1.33M
Purchase	Class A Common Stock F2	17,381	$39.75	$691K

Holdings After Transaction: Class A Common Stock — 51,400 shares (Direct)

Footnotes (2)

1. F1. The price reported in Column 4 is a weighted average price. The shares were purchased in multiple transactions at prices ranging from $38.54 to $39.53, inclusive. The reporting person hereby undertakes to provide to Cardinal Infrastructure Group Inc., any security holder of Cardinal Infrastructure Group Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in footnote (1) of this Form 4.
2. F2. The price reported in Column 4 is a weighted average price. The shares were purchased in multiple transactions at prices ranging from $39.54 to $40.12, inclusive. The reporting person hereby undertakes to provide to Cardinal Infrastructure Group Inc., any security holder of Cardinal Infrastructure Group Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in footnote (2) of this Form 4.

Key Figures

Shares purchased (transaction 1): 34,019 shares Weighted average price (transaction 1): $39.16 per share Shares purchased (transaction 2): 17,381 shares +4 more

7 metrics

Shares purchased (transaction 1) 34,019 shares Class A Common Stock purchased on 2026-08-14

Weighted average price (transaction 1) $39.16 per share First purchase on 2026-08-14; trades ranged from $38.54 to $39.53

Shares purchased (transaction 2) 17,381 shares Class A Common Stock purchased on 2026-08-14

Weighted average price (transaction 2) $39.75 per share Second purchase on 2026-08-14; trades ranged from $39.54 to $40.12

Total shares purchased 51,400 shares Sum of reported purchases on 2026-08-14

Price range (transaction 1) $38.54–$39.53 Range of individual trade prices underlying first weighted average

Price range (transaction 2) $39.54–$40.12 Range of individual trade prices underlying second weighted average

Key Terms

weighted average price, open market or private transaction, Class A Common Stock

3 terms

weighted average price financial

"The price reported in Column 4 is a weighted average price."

Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.

open market or private transaction financial

"transaction code description: Purchase in open market or private transaction"

Class A Common Stock financial

"security_title: Class A Common Stock"

Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.

FAQ

What insider transactions did CDNL director Anthony Leon Wood Jr. report on this Form 4?

Anthony Leon Wood Jr. reported two open-market purchases of Cardinal Infrastructure Group Inc. Class A Common Stock on 2026-08-14, totaling 51,400 shares acquired at weighted average prices of $39.16 and $39.75 per share.

How many CDNL shares did Anthony Leon Wood Jr. buy on 2026-08-14?

On 2026-08-14, Anthony Leon Wood Jr. bought 51,400 shares of Cardinal Infrastructure Group Inc. Class A Common Stock, consisting of 34,019 shares in one transaction and 17,381 shares in a second transaction at different weighted average prices.

What prices did Anthony Leon Wood Jr. pay for CDNL stock in these Form 4 transactions?

He paid weighted average prices of $39.16 for 34,019 shares and $39.75 for 17,381 shares. The filing states these averages reflect multiple trades in ranges from $38.54–$39.53 and $39.54–$40.12, respectively.

Were the CDNL insider purchases by Anthony Leon Wood Jr. executed in the open market?

Yes. The transactions are coded “P,” described as a purchase in open market or private transaction. The filing also notes each reported price is a weighted average across multiple trades within specified intraday price ranges.

Does the Form 4 state the exact prices of each individual CDNL trade on 2026-08-14?

No. It reports weighted average prices and price ranges: $38.54–$39.53 for one group and $39.54–$40.12 for the other. The reporting person undertakes to provide detailed per-trade pricing information upon request.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 08/17/2026 - 05:39 PM Accepted by SEC EDGAR 08/17/2026 - 05:39 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Wood Anthony Leon Jr.

(Last) (First) (Middle)

C/O CARDINAL INFRASTRUCTURE GROUP INC.

100 E. SIX FORKS ROAD, #300

(Street)

RALEIGH NORTH CAROLINA 27609

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Cardinal Infrastructure Group Inc. [ CDNL ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/14/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	08/14/2026		P		34,019	A	$39.16(1)	34,019	D
Class A Common Stock	08/14/2026		P		17,381	A	$39.75(2)	51,400	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The price reported in Column 4 is a weighted average price. The shares were purchased in multiple transactions at prices ranging from $38.54 to $39.53, inclusive. The reporting person hereby undertakes to provide to Cardinal Infrastructure Group Inc., any security holder of Cardinal Infrastructure Group Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in footnote (1) of this Form 4.

2. The price reported in Column 4 is a weighted average price. The shares were purchased in multiple transactions at prices ranging from $39.54 to $40.12, inclusive. The reporting person hereby undertakes to provide to Cardinal Infrastructure Group Inc., any security holder of Cardinal Infrastructure Group Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in footnote (2) of this Form 4.

	/s/ Tiffany Gidley, Attorney-in-Fact	08/17/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)