CEO Spivey Simmons Buys $3.2M of CDNL Stock in Open Market
CDNL sits 78% above its 52-week low of $21.98.
Summary
CEO Spivey Simmons bought $3.2 million of Cardinal Infrastructure stock in the open market, a strong vote of confidence from the company's top executive.
Key Events · Ownership and Investor Activity · CDNL
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CEO Purchases $3.2M in Stock
Spivey Jeremy Simmons, CEO and Director, bought 83,350 shares of Class A common stock for $3,201,428.17 on August 14, 2026, in four open-market transactions.
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Purchase Price Range
The shares were acquired at weighted average prices ranging from $36.58 to $39.65 per share, with the stock currently trading at $39.23.
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Direct Ownership Established
Following the transactions, Simmons directly owns 83,350 shares, representing his entire reported stake in the company.
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Context: Recent Offering and Earnings
The purchase comes after a $336 million public offering closed in June and record Q2 revenue of $226.9 million reported on August 11, 2026.
Analysis · CDNL · Real Estate & Construction
CEO Spivey Jeremy Simmons purchased 83,350 shares for $3.2 million on August 14, 2026, at prices between $36.58 and $39.65. This is a direct open-market purchase, not an option exercise or grant, signaling strong personal conviction in the company's prospects. The purchase follows a period of significant corporate activity, including a $336 million public offering in June and record Q2 revenue reported on August 11. The CEO's willingness to invest his own capital at current prices is a notable positive signal for investors.
How filings like this one have moved
In the 30 days to Oct 5, 2026, 29.2% of the 1496 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.63%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, CDNL was trading at $39.23 on NASDAQ in the Real Estate & Construction sector, with a market capitalization of approximately $1.9B. The 52-week trading range was $21.98 to $96.40. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.