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 $35.32 per share on December 11, 2024.

Summary

• Warren Kanders, CEO and Chairman of Cadre Holdings, sold 25,000 shares of common stock on December 11, 2024.
• The shares were sold at a weighted average price of $35.32 per share, with individual transactions ranging from $35.12 to $35.53.
• Following the transaction, Mr. Kanders directly owns no shares, but indirectly owns 11,432,211 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 report of a stock sale by an insider. It doesn't indicate positive or negative sentiment, but rather a routine transaction.

Risks

• The sale of shares by a key executive could be perceived negatively by the market.

Management Comments

• The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares of Common Stock sold at each separate price within the ranges set forth in this footnote (1) to this Form 4.
• The Reporting Person disclaims beneficial ownership of the securities described in this statement, except to the extent of his pecuniary interest in such securities.

Industry Context

This is a routine filing related to insider trading activity and is common for publicly traded companies. It does not indicate any specific trend in the industry.

Comparison to Industry Standards

• Insider trading activity is a common occurrence in publicly listed companies, and this transaction is within the normal range of such activities.
• Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, and this filing is consistent with regulatory requirements.

Stakeholder Impact

• The sale of shares by a key executive could cause some short-term uncertainty among shareholders.

Key Dates

Keywords

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