Cadre (CDRE) President Brad Williams Exercises Options, Sells Shares

What Happened
Brad Williams, President of Cadre Holdings, exercised stock options on August 17, 2026 and immediately sold the resulting shares. He exercised 42,770 options at $23.45 (cost $1,002,957) and 45,972 options at $20.53 (cost $943,805), for total cash paid of $1,946,762 to acquire 88,742 shares. On the same day he sold 88,638 shares in the open market at a weighted average price of $33.24 (proceeds $2,946,327) and an additional 104 shares at $34.34 (proceeds $3,571), for total sale proceeds of $2,949,898. The filing also reports the derivative-to-share conversions at $0, which reflect the options being exercised/converted.

Key Details

• Transaction date: August 17, 2026 (filed Aug 19, 2026 — timely filing).
• Exercise details: 42,770 @ $23.45 ($1,002,957) and 45,972 @ $20.53 ($943,805).
• Sales: 88,638 @ weighted $33.24 (range $33.02–$33.66 per F2) and 104 @ weighted $34.34 (range $34.25–$34.38 per F1). Total proceeds ≈ $2,949,898.
• Reporting shows the corresponding derivative dispositions at $0 (conversion of options to shares).
• Shares owned after the transactions are not disclosed in this Form 4.
• Footnotes F3 and F4 detail prior vesting schedules for the underlying options (vested in 2023–2026).

Context
This is an exercise-and-sell (cashless-like) sequence: options were exercised and the same number of shares were sold the same day. That pattern is commonly used to cover exercise price and taxes. The filing is informational and does not by itself indicate the insider’s broader view of the company.