Form 4: Cadre Holdings CEO Warren Kanders Sells 25,000 Shares

Cadre Holdings CEO and Chairman Warren Kanders sold 25,000 shares of common stock at an average price of $35.29 per share on December 13, 2024.

Summary

• Warren Kanders, CEO and Chairman of Cadre Holdings, sold 25,000 shares of common stock on December 13, 2024.
• The shares were sold at a weighted average price of $35.29 per share, with individual transaction prices ranging from $35.01 to $35.67.
• Following the transaction, Mr. Kanders still indirectly owns 11,407,211 shares through Kanders SAF, LLC, 1,305,650 shares through his Roth IRA, and 23,450 shares through his spouse's Roth IRA.
• Mr. Kanders disclaims beneficial ownership of these indirectly held securities except to the extent of his pecuniary interest.

Sentiment

Score: 5

Explanation: The document is a neutral disclosure of a stock sale by an insider. It doesn't indicate positive or negative sentiment about the company's performance.

Industry Context

This is a routine disclosure of an insider transaction, which is common for publicly traded companies. It provides transparency into the trading activities of company executives.

Comparison to Industry Standards

• SEC Form 4 filings are standard practice for reporting insider transactions in publicly traded companies.
• The level of detail provided in this filing is consistent with regulatory requirements.
• The sale of shares by a CEO is not uncommon, but the market may react to the news depending on the size of the transaction and the overall market sentiment.

Stakeholder Impact

• The stock sale may have a minor impact on the share price, but it is unlikely to have a significant impact on other stakeholders.

Key Dates

Keywords

Cadre Holdings, Warren Kanders, stock sale, insider trading, SEC Form 4, common stock, Kanders SAF LLC, Roth IRA