Activity Companies Alerts About

Jeremy Spivey owns 25.94% of Cardinal Infrastructure Group

12,313,198 shares as of the August 14, 2026 filing, worth $180M at the latest close.

CDNL · $694M market cap · Founder-led
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Free.
The stake
25.94%
worth $180M at the latest close
Stake rank
#310
by dollar value of the stake
Last sale
None
no sales since 2026
Last buy
66 days ago
Aug 14, 2026 · $3.2M

Jeremy Spivey owns 25.94% of Cardinal Infrastructure Group Inc.: 12,313,198 of 47,473,059 shares, worth about $180M at the 2026-10-16 close. The stake has moved from 37.79% in 2025 to 25.94% on 2026-08-14, across 0 sales and 1 purchase that moved it since 2016. The last trade that moved it was a discretionary purchase of $3.2M on 2026-08-14.

How the stake is held

each class as its filings last stated it
SHARES
OF THE STAKE
CLASS B · stated Dec 11, 2025 · Form 4 ↗
12,229,848
99.3%
HELD DIRECTLY
10,179,004
82.7%
HELD INDIRECTLY · By Spivey Family 2024 Irrevocable Trust U/A dated 5/13/24, as amended
2,050,844
16.7%
CLASS A · stated Aug 14, 2026 · Form 4 ↗
83,350
0.7%
HELD DIRECTLY
83,350
0.7%
THE STAKE
12,313,198
25.94%

Ownership is held through paired Class B Common Stock shares, one per unit of the operating partnership, exchangeable into the public stock and counted here one for one; the cover page counts them too.