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

Cadre Holdings CEO and Chairman Warren Kanders sold a total of 67,036 shares of common stock in multiple transactions over two days.

Summary

• Warren Kanders, CEO and Chairman of Cadre Holdings, sold 42,036 shares of common stock on November 19, 2024, at a weighted average price of $32 per share.
• He sold an additional 25,000 shares on November 20, 2024, at a weighted average price of $32.29 per share.
• The sales were executed through multiple transactions with prices ranging from $32.00 to $32.03 on November 19th and $32.13 to $32.45 on November 20th.
• Following these transactions, Mr. Kanders indirectly owns 11,832,211 shares through Kanders SAF, LLC.
• He also has indirect ownership of 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 securities except to the extent of his pecuniary interest.

Sentiment

Score: 4

Explanation: The document details a significant sale of shares by the CEO, which could be viewed negatively by the market. However, it's a routine filing and doesn't necessarily indicate a negative outlook for the company.

Negatives

• The CEO's sale of a significant number of shares could be interpreted negatively by the market.

Risks

• Large sales by insiders can sometimes lead to a decrease in investor confidence.
• The market may react negatively to the CEO selling shares, potentially impacting the stock price.

Management Comments

• The Reporting Person undertakes to provide full information regarding the number of shares of Common Stock sold at each separate price within the ranges set forth in this footnote to this Form 4, upon request.

Industry Context

This is a standard SEC Form 4 filing, which is common for corporate insiders who trade their company's stock. It provides transparency into the transactions of key personnel.

Comparison to Industry Standards

• Form 4 filings are a standard practice for publicly traded companies in the US, ensuring transparency of insider trading.
• The volume of shares sold by Mr. Kanders is not unusual for a CEO of a company of this size, but the market reaction will depend on investor sentiment.

Stakeholder Impact

• Shareholders may react to the CEO's stock sales, potentially impacting the stock price.
• The sales could influence market perception of the company's future prospects.

Key Dates

Keywords

Cadre Holdings, Warren Kanders, stock sale, insider trading, share transaction, CEO, Kanders SAF, LLC