Form 4: Cadre Holdings CEO Warren Kanders Sells Shares in Recent Transaction

Cadre Holdings CEO and Chairman, Warren Kanders, sold 12,133 shares of common stock at an average price of $36.22 per share on December 16, 2024.

Summary

• Warren Kanders, CEO and Chairman of Cadre Holdings, sold 12,133 shares of common stock on December 16, 2024.
• The shares were sold at a weighted average price of $36.22, with individual transactions ranging from $35.96 to $36.40 per share.
• Following the transaction, Mr. Kanders directly owns no shares, but indirectly owns 11,395,078 shares through Kanders SAF, LLC.
• He also indirectly owns 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 executive. It doesn't inherently indicate positive or negative sentiment, but the market's reaction could vary.

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 provides transparency into the transactions of company executives.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, ensuring transparency of insider transactions.
• The sale of shares by a CEO is not uncommon, but the market reaction can vary depending on the context and the company's performance.

Stakeholder Impact

• The sale of shares by the CEO could potentially influence investor sentiment and the company's stock price.

Key Dates

Keywords

Cadre Holdings, Warren Kanders, stock sale, insider trading, Form 4, CEO, share transaction