KANDERS WARREN B 4

What Happened Warren B. Kanders, reported as a 10% owner of Cadre Holdings, received performance-based awards on 2026-06-16 consisting of restricted stock units and stock options covering a total of 1,747,000 shares. The grants include 261,000 RSUs (VWAP $60 trigger), 373,000 RSUs (VWAP $80 trigger), 496,500 options (VWAP $60 trigger) and 616,500 options (VWAP $80 trigger). All awards were granted at $0.00 (no cash paid) and are derivative in nature — they vest or become exercisable only if the company’s common stock meets specified VWAP thresholds within the performance period.

Key Details

• Transaction date / filing: Grants dated June 16, 2026; Form 4 filed June 18, 2026 (filed two days after the transaction).
• Total shares awarded: 1,747,000 (261,000 RSUs @ $0; 373,000 RSUs @ $0; 496,500 options @ $0; 616,500 options @ $0).
• Vesting triggers/deadline:
  • 261,000 RSUs and 496,500 options vest/exercise if common stock achieves a VWAP ≥ $60 over a 20-consecutive trading day period on or before June 16, 2033.
  • 373,000 RSUs and 616,500 options vest/exercise if common stock achieves a VWAP ≥ $80 over a 20-consecutive trading day period on or before June 16, 2033.
• Nature of awards: RSUs convert to shares upon vesting; options become exercisable upon meeting performance conditions. All are granted under Cadre’s 2021 Stock Incentive Plan.
• Shares owned after transaction: Not specified in the Form 4 filing (this Form 4 reports the awards granted rather than a transfer of existing owned shares).
• Filing timeliness: Filed June 18 for a June 16 transaction — within the typical 2-business-day reporting window (timely).

Context These are performance-contingent equity awards, not open-market purchases or immediate sales. They carry no immediate cash cost to the insider and will only convert to equity (or become exercisable) if Cadre’s stock reaches the stated VWAP thresholds within the measurement period, so their ultimate value depends on future stock performance. As a 10% owner, Kanders’ receipt of awards is a Section 16 reportable transaction but does not, by itself, signal a near-term buy or sell of existing shares.