Cardinal Infrastructure (CDNL) COO buys 25,700 shares near $40

Rhea-AI Filing Summary

Cardinal Infrastructure Group Inc. officer Benjamin Wood, Chief Operating Officer, reported open-market purchases of the company’s Class A Common Stock on 2026-08-14. He purchased 13,627 shares at a weighted-average price of $39.22 and a further 12,073 shares at a weighted-average price of $39.77, all held directly.

The first block of shares was bought in multiple trades at prices ranging from $38.60 to $39.59, and the second block in trades ranging from $39.60 to $40.00. In total, Wood bought 25,700 shares of Cardinal Infrastructure Group Inc. stock in these transactions.

Insider Trade Summary

Net Buyer: 25,700 shares

Net Buy 2 txns

Insider Wood Benjamin

Role Chief Operating Officer

Bought 25,700 shs ($1.01M)

Type	Security	Shares	Price	Value
Purchase	Class A Common Stock F1	13,627	$39.22	$534K
Purchase	Class A Common Stock F2	12,073	$39.77	$480K

Holdings After Transaction: Class A Common Stock — 45,700 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 $38.60 to $39.59, 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 $39.60 to $40.00, 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

First purchase shares: 13,627 shares First purchase price: $39.22 per share First trade price range: $38.60–$39.59 per share +4 more

7 metrics

First purchase shares 13,627 shares Class A Common Stock purchased on 2026-08-14 at weighted-average price

First purchase price $39.22 per share Weighted-average price for 13,627 shares on 2026-08-14

First trade price range $38.60–$39.59 per share Range of individual trade prices in first purchase block

Second purchase shares 12,073 shares Class A Common Stock purchased on 2026-08-14 at weighted-average price

Second purchase price $39.77 per share Weighted-average price for 12,073 shares on 2026-08-14

Second trade price range $39.60–$40.00 per share Range of individual trade prices in second purchase block

Total shares purchased 25,700 shares Aggregate of both reported open-market purchases on 2026-08-14

Key Terms

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

3 terms

Class A Common Stock financial

"He purchased Class A Common Stock in two open-market transactions"

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.

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

"Purchase in open market or private transaction"

FAQ

What insider transactions did CDNL’s COO Benjamin Wood report on this Form 4?

Benjamin Wood reported two open-market purchases of Cardinal Infrastructure Group Inc. Class A Common Stock on 2026-08-14, acquiring a total of 25,700 shares at weighted-average prices of $39.22 and $39.77 per share, all held directly.

How many CDNL shares did Benjamin Wood buy in each reported transaction?

Benjamin Wood bought 13,627 shares in the first transaction and 12,073 shares in the second, both on 2026-08-14. These purchases, totaling 25,700 shares, involved Cardinal Infrastructure Group Inc. Class A Common Stock held directly.

What prices did CDNL’s COO pay for the purchased shares?

The first block of shares had a weighted-average price of $39.22, with trades between $38.60 and $39.59. The second block had a weighted-average price of $39.77, with trades between $39.60 and $40.00, all for CDNL Class A Common Stock.

Were Benjamin Wood’s CDNL share purchases direct or indirect holdings?

All reported purchases are direct holdings of Cardinal Infrastructure Group Inc. Class A Common Stock. The Form 4 lists ownership type as direct for both transactions, with no indication of trusts or other intermediary entities in these particular trades.

Did the Form 4 indicate a Rule 10b5-1 trading plan for CDNL’s COO purchases?

The filing’s Rule 10b5-1 indicator is false, meaning the box affirming that these trades were made under a Rule 10b5-1 trading plan was not checked. The footnotes describe weighted-average pricing but do not reference any trading plan.

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 - 05:38 PM Accepted by SEC EDGAR 08/17/2026 - 05:37 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 Benjamin

(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)

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

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		13,627	A	$39.22(1)	33,627	D
Class A Common Stock	08/14/2026		P		12,073	A	$39.77(2)	45,700	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 $38.60 to $39.59, 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 $39.60 to $40.00, 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)