CEO Warren B. Kanders Reduces Stake by $6.5M, Now Owns 26.4% of Cadre Holdings
CDRE is trading near its 52-week low of $25.73 (9.8% above the low) on elevated volume (3.4× avg).
Summary
Cadre Holdings' CEO and Chairman, Warren B. Kanders, reported selling $6.54 million worth of company stock through Kanders SAF, reducing his beneficial ownership to 26.4%.
Key Events · Ownership and Investor Activity · CDRE
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CEO Sells Shares
Warren B. Kanders, through Kanders SAF, LLC, sold a total of 225,000 shares in open market transactions between June 15 and June 17, 2026.
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Total Value of Sales
The sales amounted to approximately $6.54 million, with weighted average prices ranging from $28.19 to $30.03 per share.
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Updated Beneficial Ownership
Following these transactions, Mr. Kanders' beneficial ownership in Cadre Holdings, including shares held by Kanders SAF and exercisable options, stands at 11,392,928 shares, representing 26.4% of the outstanding common stock.
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Ongoing Distribution Trend
These sales continue a recent trend of insider selling by Mr. Kanders, as noted in previous Form 4 and Form 144 filings, contributing to a net distribution of over $12.8 million in the last 90 days.
Analysis · CDRE · Industrial Applications And Services
This Schedule 13D/A confirms and aggregates recent significant sales by Cadre Holdings' CEO and Chairman, Warren B. Kanders, totaling $6.54 million. While individual sales were likely reported in prior Form 4 filings, this amendment provides an updated overview of his reduced beneficial ownership, now at 26.4%. The continued substantial selling by a key executive, especially following a period of net distribution, indicates a lack of conviction or a need for liquidity, which can be perceived negatively by the market.
At the time of this filing, CDRE was trading at $28.25 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 8 out of 10.