Form 4: Cadre Holdings Director Nicolas Sokolow Sells Shares

Director Nicolas Sokolow reports selling shares of Cadre Holdings, Inc. in multiple transactions on June 5th and 6th, 2024.

Summary

• Nicolas Sokolow, a director of Cadre Holdings, Inc., reported the sale of company stock.
• On June 5, 2024, Sokolow sold 20,000 shares at a weighted average price of $32.66, with prices ranging from $32.00 to $33.215.
• On June 6, 2024, Sokolow sold 1,404 shares at a weighted average price of $32.7664, with prices ranging from $32.05 to $32.915.
• Following these transactions, Sokolow directly owns 62,347 shares.
• Sokolow also indirectly owns 556,216 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 insider sales don't automatically indicate a negative outlook, they can create uncertainty among investors.

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

Insider sales are a common occurrence and are often scrutinized by investors to gauge management's confidence in the company's future prospects. It's important to consider the context of these sales, such as the size of the transaction relative to the insider's holdings and any stated reasons for the sale.

Stakeholder Impact

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

Key Dates