CEO Warren B. Kanders Sells $6.54 Million in Company Stock
CDRE is trading near its 52-week low of $25.73 (9.5% above the low) on elevated volume (1.9× avg).
Summary
Cadre Holdings' CEO and Chairman, Warren B. Kanders, sold $6.54 million worth of company stock, continuing a trend of insider distribution following a recent Form 144 filing.
Key Events · Ownership and Investor Activity · CDRE
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CEO Sells $6.54 Million in Stock
Warren B. Kanders, CEO and Chairman, sold 225,000 shares of common stock for a total of $6,539,000 between June 15 and June 17, 2026.
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Follows Recent Intent to Sell
This sale executes a portion of the intent to sell disclosed in a Form 144 filed on June 15, 2026, where Kanders indicated plans to sell up to $9.29 million in shares.
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Continues Insider Distribution Trend
This transaction adds to a pattern of significant insider sales by Mr. Kanders, including a $6.33 million sale reported in March 2026.
Analysis · CDRE · Industrial Applications And Services
Warren B. Kanders, the CEO and Chairman, executed a significant sale of company stock, disposing of $6.54 million worth of shares. This transaction follows a Form 144 filed just two days prior, indicating his intent to sell a larger amount, and continues a pattern of insider sales observed over the past few months. Such a substantial sale by a key executive can be interpreted negatively by the market, suggesting a lack of confidence or a need for liquidity, especially when it represents a notable portion of the company's market value.
At the time of this filing, CDRE was trading at $28.17 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.