CDNL Cardinal Infrastructure Group Inc. Insider Trading

COO Benjamin Wood acquires 20,000 shares ($1.0M) across 5 transactions; maiden holding at CDNL.

Benjamin Wood, Chief Operating Officer, executed 5 separate purchases totaling 20,000 shares for $1,025,900.01 on 2026-05-27, establishing an initial holding position at a blended average price of $51.30. The acquisition occurs with the stock at $51.89 (current), near the blended purchase price, after a +13.1% move over 30 days and +61.0% over 90 days, placing it -17.9% from its 52-week high of $63.18. Cardinal Infrastructure Group shows robust fundamentals with $167.5M quarterly revenue, +44.7% annual revenue growth, and positive net income of $3.4M, suggesting the company is operationally executing at scale. The multi-leg nature of the purchase and the significant dollar commitment ($1.0M) from a C-suite officer with zero prior shares warrant monitoring, particularly given the company's strong growth trajectory and the officer's new fiduciary alignment.

Director Zelman Ivy purchased 6,921 shares of CDNL at $36.33, bringing holdings to 15,326 shares (+82.3% increase).

Zelman Ivy, a director of Cardinal Infrastructure Group Inc., purchased 6,921 shares at $36.33 on 2026-03-26, expanding his position from 8,405 to 15,326 shares—an 82.3% increase. This open-market buy occurs with the stock at $36.30 (current), just 1.1% below its 52-week high of $36.71, and follows strong recent momentum of +53.7% over 90 days and +4.6% over 30 days. The company itself is demonstrating robust growth with annual revenue increasing 44.7% year-over-year. Ivy's own cross-ticker track record shows 1 prior buy with a 100% win rate and +41.5% average 90-day return; his same-ticker history at CDNL (1 prior buy on 2025-12-11) was similarly well-timed at the 90-day mark with +41.5% return. The purchase represents meaningful capital commitment ($251,439.93) by a director during a period of strong equity price performance and fundamental growth.

Director Zelman Ivy bought 2,275 shares of CDNL at $21.00; 3 other insiders also bought in 14-day cluster

Zelman Ivy, a director, purchased 2,275 shares at $21.00 on 2025-12-11, increasing her holdings by 37.1% to 8,405 shares post-transaction. This purchase occurs in a notable context: 3 other insiders also bought within the same 14-day window, forming a cluster buy pattern. The company is in a RECENT LISTING phase (2 trading days), meaning traditional valuation benchmarks are not yet established, making the timing and motivation of multiple insider acquisitions at this early stage potentially significant for understanding management's confidence in the IPO pricing. The current price of $25.31 is above the purchase price of $21.00, but given the extremely early trading history, this price movement provides limited context for assessing the durability of insider conviction.

Director Lee Richard Melvin Jr. buys 22,725 shares of CDNL at $21.00; 3 other insiders also bought in 14 days

Lee Richard Melvin Jr., a Director, purchased 22,725 shares at $21.00, expanding his position from 6,487 to 29,212 shares (+350.3% vs pre-transaction holdings). The transaction occurred just 2 trading days after CDNL's recent listing, when the current price stood at $25.31. The significance lies in the cluster pattern: 3 other insiders have also bought within the past 14 days, indicating coordinated insider accumulation during the IPO's early trading phase. This concentrated buying activity by multiple board-level participants in a newly public company warrants close scrutiny of the underlying fundamentals and the long-term conviction behind these positions.

Director Wimmer bought 10,000 shares ($210,000) at $21.00 in recently-listed CDNL; 3 other insiders also bought in past 14 days.

Wimmer Richard Bennett, a Director of Cardinal Infrastructure Group Inc., purchased 10,000 shares at $21.00 for $210,000.00, increasing his holdings from 6,725 shares to 16,725 shares (+148.7% vs pre-transaction holdings). This transaction is part of a cluster buy pattern, with 3 other insiders also purchasing shares within the past 14 days. The stock has been trading for only 2 days, making recent price action context minimal, though the current price of $25.31 reflects an intra-filing price move. The synchronized buying activity across multiple board/management members in a newly-listed security warrants attention as a data point about insider confidence at listing.

General Counsel Gidley buys 6,000 shares at $21.00 (6.0K shares/$126.0K); CDNL recently listed, cluster buy pattern with 3 other insiders in 14 days

Tiffany Leann Gidley, General Counsel and Secretary, purchased 6,000 shares at $21.00 for $126,000 on 2025-12-11, establishing an initial position in the company. The transaction occurs within a recent 2-trading-day listing window and is part of a cluster in which 3 other insiders also bought within the past 14 days. This coordinated buying pattern by multiple insiders at or near the IPO/recent listing is noteworthy, as it suggests confidence among the leadership team during the company's public market entry. The purchase price of $21.00 is below the current price of $25.31 as of the same date, indicating the transaction was executed at a discount to current levels.