CEO and Chairman Warren B. Kanders sold 75,000 shares across two open-market transactions at an average $27.57 per share on June 18 and June 22, 2026.
This activity reduced Warren B. Kanders’s ownership to 10.97 million shares across various accounts.
The executive collected more than $2 million from the sales. He collected more than $4 million in cash compensation in 2025.
In the past week, Warren B. Kanders, the CEO and Chairman of of Cadre Holdings (NYSE:CDRE), reported the sale of 75,000 shares for a total of approximately $2.07 million, according to the SEC Form 4 filing.
| Metric | Value | Context |
|---|---|---|
| Shares sold (indirect) | 75,000 | Indirect open-market shares sold (code ‘S’) in this filing |
| Transaction value | $2.1 million | Based on SEC Form 4 weighted average purchase price ($27.57) |
| Post-transaction shares (direct) | 22,888 | Directly held shares after transaction completion |
| Post-transaction shares (indirect) | 946,139 | Indirectly held shares after transaction completion |
| Post-transaction value all (ownership) | $312.73 milion | Based on June 30, 2026 market close ($27.56) |
Transaction value based on SEC Form 4 weighted average sale price ($27.57); post-transaction value based on June 30 market close ($28.51).
| Metric | Value |
|---|---|
| Market capitalization | $1.20 billion |
| Revenue (TTM) | $635.6 million |
| Net income (TTM) | $36.9 million |
| 1-year price change | -9.5% |
* 1-year price change calculated as of June 30.
Cadre Holdings is a leading provider of mission-critical safety and survivability products for professionals operating in high-risk environments. The company leverages a broad product portfolio and established brands to address the specialized needs of first responders and government agencies worldwide.
There are multiple reasons an insider may sell stock, some of which have nothing to do with their outlook for the share price, such as having to pay a large personal expense or diversifying their portfolio.
Yet when the CEO and Chairman of a business sells, especially when the stock has been a poor performer, it’s a red flag for investors.
Warren Kanders’ sale isn’t a lot in light of all the shares he and his wife control through various entities, including Roth IRAs. But this is the sixth sale by Kanders in the past year, a period during which he has unloaded 1.9 million shares since Nov. 17, 2025.
Insider sales aren’t always indicative of a price decline, but Kanders has timed his sales well, with CDRE shares declining in price after each transaction. Given that Kanders received cash compensation of more than $4 million from the business. This isn’t an executive who wants for liquidity.
Kanders’ sale of Cadre Holdings stock is a red flag. Investors should reevaluate their investment thesis about the company as a result.
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Brendan Coffey has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
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