Zelman Ivy 4

What Happened
Zelman Ivy, a director of Cardinal Infrastructure Group Inc. (CDNL), acquired 6,921 shares in an open-market purchase on March 26, 2026. The weighted-average price reported was $36.33 per share, for a total transaction value of approximately $251,440. This was a purchase (reported with transaction code P), which increases insider ownership.

Key Details

• Transaction date: 2026-03-26 (Form 4 filed 2026-03-27 — timely filing).
• Reported price: weighted average $36.33; actual trades ranged from $36.09 to $36.47.
• Shares acquired: 6,921; total reported value ≈ $251,440.
• Shares owned after transaction: not specified in the provided filing excerpt.
• Footnote: The $36.33 figure is a weighted average; the filer offers to provide a breakdown of the number of shares purchased at each price upon request (Footnote F1).
• No indication of a 10b5-1 plan, award, option exercise, gift, or tax-withholding in the provided details.

Context
Insider purchases are often considered more informative than routine sales because they increase personal stake in the company, but filings do not state the insider’s motivation. This filing reports straightforward open-market buys (multiple trades aggregated) rather than exercises or grants.