Form 4 for CDNL Cardinal Infrastructure Group Inc.
Accepted 2025-12-11 00:00:00 ET · period of report 2025-12-09 · accession 0001213900-25-120811 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DI | 2025-12-11 | 2025-12-09 | CDNL | Spivey Jeremy Simmons | CEO, Dir, 10% | A - Grant | — | +2.72M | 2.72M | New | — |
| D | 2025-12-11 | 2025-12-11 | CDNL | Spivey Jeremy Simmons | CEO, Dir, 10% | D - Sale to Iss | — | -3.30M | 10.18M | -24% | — |
| D | 2025-12-11 | 2025-12-09 | CDNL | Spivey Jeremy Simmons | CEO, Dir, 10% | A - Grant | — | +13.48M | 13.48M | New | — |
| DI | 2025-12-11 | 2025-12-11 | CDNL | Spivey Jeremy Simmons | CEO, Dir, 10% | D - Sale to Iss | — | -665.5K | 2.05M | -24% | — |
| DI | 2025-12-11 | 2025-12-11 | CDNL | Spivey Jeremy Simmons | CEO, Dir, 10% | D - Sale to Iss | $21.00 | -665.5K | 2.05M | -24% | -$13.97M |
| DI | 2025-12-11 | 2025-12-09 | CDNL | Spivey Jeremy Simmons | CEO, Dir, 10% | A - Grant | — | +2.72M | 2.72M | New | — |
| D | 2025-12-11 | 2025-12-11 | CDNL | Spivey Jeremy Simmons | CEO, Dir, 10% | D - Sale to Iss | $21.00 | -3.30M | 10.18M | -24% | -$69.36M |
| D | 2025-12-11 | 2025-12-09 | CDNL | Spivey Jeremy Simmons | CEO, Dir, 10% | A - Grant | — | +13.48M | 13.48M | New | — |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Class B Common Stock | 2025-12-09 | A | A | 2,716,320 | — | 2,716,320 | I | — | — | (F1) 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. |
| 2 | Common | Class B Common Stock | 2025-12-11 | D | D | 3,302,980 | — | 10,179,004 | D By Spivey Family 2024 Irrevocable Trust U/A dated 5/13/24, as amended | — | — | (F2) 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"). (F3) The Reporting Person is the spouse of the trustee of Spivey Family 2024 Irrevocable Trust U/A dated 5/13/24, as amended ("Spivey Trust"), and as a result, may be deemed to share beneficial ownership of the securities held of record by Spivey Trust. |
| 3 | Common | Class B Common Stock | 2025-12-09 | A | A | 13,481,984 | — | 13,481,984 | D By Spivey Family 2024 Irrevocable Trust U/A dated 5/13/24, as amended | — | — | (F1) 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. (F3) The Reporting Person is the spouse of the trustee of Spivey Family 2024 Irrevocable Trust U/A dated 5/13/24, as amended ("Spivey Trust"), and as a result, may be deemed to share beneficial ownership of the securities held of record by Spivey Trust. |
| 4 | Common | Class B Common Stock | 2025-12-11 | D | D | 665,476 | — | 2,050,844 | I | — | — | (F2) 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"). |
| 5 | Derivative | LLC Units | 2025-12-11 | D | D | 665,476 | $21.00 | 2,050,844 | I | — · — to — | 665,476 Class A Common Stock | (F4) 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. |
| 6 | Derivative | LLC Units | 2025-12-09 | A | A | 2,716,320 | — | 2,716,320 | I | — · — to — | 2,716,320 Class A Common Stock | (F1) 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. (F4) 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. |
| 7 | Derivative | LLC Units | 2025-12-11 | D | D | 3,302,980 | $21.00 | 10,179,004 | D By Spivey Family 2024 Irrevocable Trust U/A dated 5/13/24, as amended | — · — to — | 3,302,980 Class A Common Stock | (F3) The Reporting Person is the spouse of the trustee of Spivey Family 2024 Irrevocable Trust U/A dated 5/13/24, as amended ("Spivey Trust"), and as a result, may be deemed to share beneficial ownership of the securities held of record by Spivey Trust. (F4) 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. |
| 8 | Derivative | LLC Units | 2025-12-09 | A | A | 13,481,984 | — | 13,481,984 | D By Spivey Family 2024 Irrevocable Trust U/A dated 5/13/24, as amended | — · — to — | 13,481,984 Class A Common Stock | (F1) 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. (F3) The Reporting Person is the spouse of the trustee of Spivey Family 2024 Irrevocable Trust U/A dated 5/13/24, as amended ("Spivey Trust"), and as a result, may be deemed to share beneficial ownership of the securities held of record by Spivey Trust. (F4) 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. |