CEO & Chairman Warren B. Kanders Files Intent to Sell $9.29M in Shares
Summary
Cadre Holdings' CEO and Chairman, Warren B. Kanders, has filed a Form 144 to sell $9.29 million in shares, continuing a trend of significant insider sales.
Key Events
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CEO & Chairman Files Intent to Sell
Warren B. Kanders, who serves as Officer, Director, and 10% Stockholder, has filed a Form 144 to sell 300,000 shares of common stock.
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Significant Proposed Sale Value
The proposed sale has an approximate market value of $9.29 million, representing a substantial transaction for a key executive.
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Follows Recent Insider Sales
This filing comes after Kanders previously sold 200,000 shares for $6.33 million in March 2026, indicating a continued pattern of share distribution.
Analysis
Warren B. Kanders, the CEO and Chairman, has filed a Form 144 indicating his intent to sell an additional $9.29 million worth of shares. This follows a previous Form 144 and subsequent $6.33 million sale in March, signaling a continued pattern of significant share distribution by a key executive. The proposed sale represents a notable portion of the company's market capitalization, potentially increasing selling pressure.
At the time of this filing, CDRE was trading at $29.09 on NYSE in the Industrial Applications And Services sector, with a market capitalization of approximately $1.2B. The 52-week trading range was $25.73 to $48.76. This filing was assessed with negative market sentiment and an importance score of 9 out of 10.