KANDERS WARREN B 4

What Happened
Warren B. Kanders, reported as a 10% owner of Cadre Holdings (CDRE), had restricted stock units (RSUs) vest and convert to common stock on March 13, 2026. A total of 24,011 shares vested (11,455 shares from a 2023 award and 12,556 shares from a 2025 award). The issuer withheld 9,449 shares to satisfy tax withholding obligations at $31.65 per share (total value withheld $299,061), resulting in a net issuance to Kanders of 14,562 shares. These transactions reflect compensation-related vesting/conversion of RSUs, not open-market buying or selling.

Key Details

• Transaction date: March 13, 2026; Form 4 filed March 17, 2026 (filed 4 days after the transaction).
• Vesting/conversions: 11,455 shares (2023 award) and 12,556 shares (2025 award) converted into common stock (total 24,011).
• Tax withholding (share surrender): 4,508 shares and 4,941 shares withheld (total 9,449) at $31.65/share = $299,061.
• Net shares issued to insider: 24,011 − 9,449 = 14,562 shares.
• Shares owned after transaction: not specified in the provided excerpt.
• Footnotes: F1–F4 describe the 2023 and 2025 RSU awards and the withholding; F5–F7 note reporting relationships (Kanders is sole manager/member of Kanders SAF, LLC; spouse Allison Kanders; disclaims beneficial ownership except pecuniary interest).
• Timeliness: Filing appears late relative to the usual two-business-day Form 4 deadline (filed 4 days after the transactions).

Context
These entries are standard RSU vesting and issuer share-withholding to cover tax obligations (a cashless/stock-surrender withholding), not sales or market trades. For a 10% owner like Kanders, the filing reflects compensation and related tax mechanics rather than an expressed buy/sell market view.