SCHEDULE 13G/A: Warren B. Kanders and Kanders SAF, LLC Maintain Significant Stake in Cadre Holdings, Reporting 30.4% Beneficial Ownership
Beneficial Ownership Report
Warren B. Kanders and Kanders SAF, LLC have filed an amended Schedule 13G, disclosing a combined beneficial ownership of 30.4% of Cadre Holdings, Inc.'s common stock as of March 31, 2025.
Summary
- Warren B. Kanders, along with Kanders SAF, LLC, reported beneficial ownership of 12,423,511 shares of Cadre Holdings, Inc. common stock, representing 30.4% of the class.
- This ownership includes 45,584 shares held directly by Mr. Kanders, 1,305,650 shares in his Roth IRA, and 10,816,192 shares held by Kanders SAF, LLC, of which Mr. Kanders is the sole member and manager.
- The total also accounts for 232,635 shares underlying stock options exercisable within 60 days of March 31, 2025.
- An additional 23,450 shares held by Allison Kanders Roth IRA are included under Mr. Kanders' shared beneficial ownership.
- The reported percentage is based on 40,892,220 shares of common stock outstanding as of April 14, 2025, which includes 40,659,585 shares reported in the company's Annual Proxy Statement and the exercisable options.
- The filing excludes 229,797 shares from options not exercisable within 60 days and 2,071,481 shares from restricted stock awards not vesting within 60 days.
Sentiment
Score: 5
Explanation: The document is a factual report on beneficial ownership and does not contain information that would indicate a positive or negative sentiment regarding the company's performance or outlook.
Future Outlook
NA
Industry Context
NA
Related Party Transactions
- The beneficial ownership includes 23,450 shares held by Allison Kanders Roth IRA, who is the wife of Warren B. Kanders, indicating a related party holding.
Stakeholder Impact
- Shareholders: Provides transparency on a significant insider ownership stake, which can influence investor perception of alignment between management/insiders and shareholders.
Key Dates
| Date | Description |
|---|---|
| 03/31/2025 | Date of event which requires filing of this statement. |
| 04/14/2025 | Date as of which the total shares outstanding (40,892,220) were calculated for percentage ownership. |
| 04/24/2025 | Date Cadre Holdings, Inc.'s Annual Proxy Statement was filed with the Securities and Exchange Commission. |
| 04/29/2025 | Date the Schedule 13G Amendment No. 4 was signed and filed. |
Keywords
Cadre Holdings Inc., Warren B. Kanders, Kanders SAF LLC, Beneficial Ownership, SEC Filing, Schedule 13G, Common Stock, Insider Ownership, Corporate Governance, Investment Holdings
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