Form 4: Cadre Holdings CEO Warren Kanders Sells Shares in Multiple Transactions

Cadre Holdings CEO Warren Kanders sold 49,411 shares of common stock at an average price of $33.56 per share on November 27, 2024.

Summary

• Warren B. Kanders, CEO and Chairman of Cadre Holdings, Inc., sold 49,411 shares of common stock on November 27, 2024.
• The shares were sold at a weighted average price of $33.56 per share, with individual transactions ranging from $33.50 to $33.75.
• Following the transaction, Mr. Kanders beneficially owns 11,632,800 shares indirectly through Kanders SAF, LLC, 1,305,650 shares indirectly through his Roth IRA, and 23,450 shares indirectly through his spouse's Roth IRA.
• Mr. Kanders disclaims beneficial ownership of these 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 executive, which is a common occurrence. There is no indication of positive or negative sentiment.

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 executives of publicly traded companies. It does not indicate any specific trend in the industry.

Comparison to Industry Standards

• Form 4 filings are standard practice for corporate insiders and are required by the SEC.
• The sale of shares by a CEO is not unusual, but the market may react to the volume and price of the transaction.
• Comparable companies would also have similar filings when their executives trade shares.

Stakeholder Impact

• The sale of shares by the CEO could have a minor impact on shareholder sentiment, but it is not necessarily indicative of a negative outlook for the company.

Key Dates

Keywords

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