Warren B. Kanders Reduces Stake in Cadre Holdings, Inc. via Open Market Sales

Warren B. Kanders filed Amendment No. 2 to Schedule 13D for Cadre Holdings, Inc. (CDRE), reporting a decrease in beneficial ownership following a series of open market sales. Between June 15 and June 17, 2026, Kanders SAF, LLC (of which Mr. Kanders is the sole member and manager) sold a total of 225,000 shares of common stock. Specifically, the entity sold 100,000 shares on June 15 at $30.03, 100,000 shares on June 16 at $28.19, and 25,000 shares on June 17 at $28.68. Following these transactions, Mr. Kanders is deemed to beneficially own 11,392,928 shares, representing approximately 26.4% of the company. This total includes shares held directly, by his Roth IRA, by Kanders SAF, and exercisable stock options, as well as 23,450 shares held by his wife's Roth IRA. The filing also notes that 3,750,000 of the shares held by Kanders SAF are pledged as security interest to Texas Capital Bank. Significant amounts of unvested options and restricted stock units remain excluded from the current beneficial ownership total.