KANDERS WARREN B 4

What Happened Warren B. Kanders, a reported 10% owner of Cadre Holdings, sold a total of 200,000 shares of Cadre common stock in two open-market/private-sale transactions. On 2026-03-20 he disposed of 100,000 shares at a reported weighted-average price of $31.40 (approx. $3.14M); on 2026-03-23 he disposed of 100,000 shares at a reported weighted-average price of $31.93 (approx. $3.19M). Total proceeds across both sales were about $6.33 million. These were sales (S), which are commonly routine dispositions rather than purchases that might signal bullishness.

Key Details

• Transaction dates: 2026-03-20 (100,000 shares) and 2026-03-23 (100,000 shares).
• Reported weighted-average prices: $31.40 (Mar 20) and $31.93 (Mar 23).
• Reported price ranges (per footnotes): Mar 20 sales occurred across $31.01–$31.79; Mar 23 sales across $31.56–$32.49.
• Total proceeds: approximately $6.33 million.
• Transaction type: S = Sale (open market or private sale as reported).
• Ownership/relationship notes: Reporting person is a 10% owner; he is the sole manager and member of Kanders SAF, LLC (F3). Allison Kanders is his spouse (F4). The reporting person disclaims beneficial ownership of the securities except to the extent of his pecuniary interest (F5).
• Shares owned after transaction: not specified in the information you provided.
• Filing/timeliness: Form 4 was filed 2026-03-24 covering these transactions; based on the transaction dates the filing appears to be timely (no late filing flag provided).

Context These are outright sales by a large (10%) holder rather than purchases. Sales by insiders can be for many reasons (cash needs, diversification, estate planning, etc.) and do not by themselves indicate negative information about the company. Footnotes note the reported prices are weighted averages from multiple trades and that full per-trade breakdowns are available upon request to the issuer, shareholders, or the SEC staff.