Form 4: Cadre Holdings Director Nicolas Sokolow Reports Stock Sales

Director Nicolas Sokolow reported the sale of Cadre Holdings (CDRE) common stock on August 14 and 15, 2024.

Summary

• Nicolas Sokolow, a director of Cadre Holdings, Inc. (CDRE), filed a Form 4 detailing changes in beneficial ownership.
• On August 14, 2024, Sokolow sold 15,000 shares of Common Stock at a weighted average price of $33.6757.
• These shares were sold in multiple transactions ranging from $33.43 to $33.795.
• On August 15, 2024, Sokolow sold 25,000 shares of Common Stock at a weighted average price of $33.81.
• These shares were sold in multiple transactions ranging from $33.60 to $34.74.
• Following these transactions, Sokolow directly owns 62,347 shares.
• Sokolow indirectly owns 507,620 shares through ST Investors Fund, LLC, 252,701 shares through Korsak Holdings, LLC, and 84,231 shares through Madetys Investments, LLC.
• Sokolow disclaims beneficial ownership of these indirectly held securities except to the extent of his pecuniary interest.

Sentiment

Score: 4

Explanation: The sentiment is neutral to slightly negative. While the filing itself is a standard procedure, insider selling can sometimes be interpreted as a lack of confidence in the company's future performance, hence the slightly lower score.

Negatives

• A director selling shares could be perceived negatively by investors.

Risks

• Further sales by the director could put downward pressure on the stock price.

Industry Context

This filing is a routine disclosure of insider trading activity, which is common for publicly traded companies. Investors often monitor these filings for signals about management's confidence in the company's future prospects.

Stakeholder Impact

• Shareholders may react to the news of the director's stock sale.

Key Dates