KANDERS WARREN B 4

What Happened Warren B. Kanders, a reported 10% owner of Cadre Holdings (CDRE), had a portion of a 2024 restricted stock units (RSU) award vest on March 18, 2026. 11,180 shares vested and were converted to common stock; the issuer withheld 4,400 of those shares to satisfy tax withholding obligations, valued at $32.22 per share for a total withholding of $141,768. Net shares issued to Kanders from this vesting were 6,780 (11,180 vested minus 4,400 withheld). The filing shows this as vesting/conversion of RSUs (transaction code M) and a withholding sale for taxes (transaction code F).

Key Details

• Transaction date: March 18, 2026; Form 4 filed March 20, 2026 (timely within the usual 2-business-day window).
• Vested/converted: 11,180 shares (RSU vesting/conversion).
• Shares withheld for taxes: 4,400 shares at $32.22/share = $141,768.
• Net shares delivered to insider from this vesting: 6,780 shares.
• Shares owned after transaction: Not specified in this filing.
• Relevant footnotes: RSUs were part of a 2024 award covering 33,540 shares with annual vesting of 11,180 in 2025, 2026 and 2027; withholding (F) reflects shares retained by the issuer to cover tax obligations. Reporting person is sole manager/member of Kanders SAF, LLC; spouse Allison Kanders noted; reporting person disclaims beneficial ownership except for pecuniary interest.

Context This was a routine RSU vesting event (award conversion), not an open-market purchase or a discretionary sale by the insider—only the tax-withholding portion involved a disposition of shares. Transaction codes: M = exercise/conversion of a derivative (here, RSUs converting to stock); F = shares withheld to satisfy tax withholding. As a 10% owner, Kanders is a significant shareholder; the filing and footnotes indicate this activity arose from a scheduled award vesting rather than a market-timed trade.