Company Analysis

Cardinal Infrastructure Group Inc. (CDNL)

Nasdaq: CDNL · Heavy Construction Other Than Bldg Const - Contractors · Raleigh, NC · filing with the SEC since 2025
Grade6.5
◀ Past 6.9● Present 6.7▶ Future 5.7
4 est.

Who owns Cardinal Infrastructure Group Inc.

As filed with the SEC
Holders of 5% or more
10
Jeremy Simmons Spivey holds 45% of Class A Common Stock, par value $0.0001 per share, as its SCHEDULE 13G filed Feb 17, 2026 says.
Directors and officers
10
report now, of 10 people on the record since 2025. Their holdings as a group are not read here.
Institutions as a whole
n/a
The record does not read the share held by managers that file Form 13F, so none is printed and no split of the rest is estimated. What it holds is the 10 named at left.
Holders of 5% or moreshare of the class, as filed
Jeremy Simmons Spivey
SCHEDULE 13G · filed Feb 17, 2026 · Class A Common Stock, par value $0.0001 per share
45%
Erik Daniel West
SCHEDULE 13G · filed Feb 17, 2026 · Class A Common Stock, par value $0.0001 per share
29%
Michael Bruce Rowe, Jr.
SCHEDULE 13G · filed Feb 17, 2026 · Class A Common Stock, par value $0.0001 per share
29%
Fmr LLC
SCHEDULE 13G/A · filed Aug 6, 2026 · CLASS A COMMON STOCK · 12.5% in Jan 8, 2026
14.9%
Blackrock, Inc.
6.3%
Driehaus Capital Management LLC
SCHEDULE 13G · filed Aug 14, 2026 · Class A Common Stock
6.08%
Conversant Capital LLC
SCHEDULE 13G · filed Oct 19, 2026 · Class A Common Stock, $0.0001 Par Value
5.5%
Ross Berner
SCHEDULE 13G · filed Feb 17, 2026 · Class A Common Stock, par value $0.0001 per share
5.4%
Ophir Asset Management Pty Ltd
SCHEDULE 13G · filed Dec 23, 2025 · Class A Common Stock
5.3%
Mark McKinney
SCHEDULE 13G · filed Feb 17, 2026 · Class A Common Stock, par value $0.0001 per share
5.1%
AllianceBernstein L.P.
SCHEDULE 13G/A · filed Aug 14, 2026 · Common Stock · reported falling below 5%, from 6.1% in May 18, 2026
under 5%
Wasatch Advisors LP
SCHEDULE 13G/A · filed Apr 23, 2026 · CL A · reported falling below 5%, from 5.2% in Feb 11, 2026
under 5%
Schonfeld Strategic Advisors LLC
SCHEDULE 13G/A · filed May 15, 2026 · Class A Common Stock, par value $0.0001 per share · reported falling below 5%, from 8.6% in Feb 17, 2026
under 5%
What CDNL reports owning in othersstakes of 5% or more, and other ties
Other ties the annual report names
Red Clay
A company bought · acquisition · Sep 2025 · owns, named in the 10-K filed Mar 23, 2026
Page
A company bought · acquisition · May 2025 · owns, named in the 10-K filed Mar 23, 2026
Roadways
A company bought · acquisition · Jul 2023 · owns, named in the 10-K filed Mar 23, 2026
AL Grading Contractors LLC
A company bought · acquisition · owns, named in the 10-K filed Mar 23, 2026
Purcell
A company bought · acquisition · owns, named in the 10-K filed Mar 23, 2026
Insider tradesForm 4
0sales
23purchases
0sales on a scheduled plan
0people selling
$0sold, in dollars
$10.7Mbought, in dollars
Open-market trades on Form 4 from Sep 30, 2025 to Sep 30, 2026. A scheduled plan is a selling program set in advance under SEC rule 10b5-1. The trades are listed as filed and do not feed the grade.
By calendar yearSoldBought
2526
2026 runs to Sep 30, 2026. Dollars as filed, summed by the transaction date.
People who traded in the window8 of 12 on the roster
PersonRole as filedSalesSoldOn a planBuysBought
Wood BenjaminChief Operating Officer0$007$2.0M
Spivey Jeremy SimmonsChief Executive Officer0$004$3.2M
Lee Richard Melvin Jr.director0$003$1.7M
Zelman Ivydirector0$003$800,000
Wimmer Richard Bennettdirector0$002$500,000
Wood Anthony Leon Jr.director0$002$2.0M
Rowe Michael Bruce Jr.Chief Financial Officer0$001$300,000
Gidley Tiffany LeannGeneral Counsel and Secretary0$001$100,000
SI Assistanton CDNL · research, not advice