Cadre Holdings (CDRE) Form 144: Proposed Insider Sale $152,884
Cadre Holdings, Inc. (CDRE) filed a Form 144 reporting a proposed Rule 144 sale of common stock.
Rhea-AI Filing Summary
Cadre Holdings, Inc. (CDRE) filed a Form 144 reporting a proposed Rule 144 sale of common stock. The filing states a broker (UBS Financial Services, Inc., New York) is named to sell 4,132 shares with an aggregate market value of $152,884, representing a very small fraction of the issuer's reported 40,663,844 outstanding shares. The securities were acquired as restricted stock units (RSUs) on 03/09/2024 and 03/13/2024 and the filer reports no sales in the prior three months. The notice includes the standard attestation regarding material nonpublic information and Rule 10b5-1 plan language.
Positive
- None.
Negative
- None.
Insights
TL;DR: Insignificant insider sale in size; procedural disclosure indicates routine liquidity, not a material event.
The reported proposed sale of 4,132 shares for $152,884 is immaterial relative to 40.66 million shares outstanding (approx. 0.01%). The shares originated from recently vested RSUs dated March 9 and March 13, 2024, suggesting the transaction is for personal liquidity rather than disposition of long-held shares. The use of a major broker and the Form 144 filing show regulatory compliance. This disclosure alone is unlikely to affect CDRE’s valuation or signal operational changes.
TL;DR: Filing meets disclosure obligations; no governance red flags from this single, small sale.
The notice contains the required representations about nonpublic material information and references potential Rule 10b5-1 plan timing. The acquisition source listed as the issuer (RSUs) and the absence of prior three-month sales reduce concerns about coordinated insider liquidations. From a governance perspective, this is routine insider activity with proper documentation; it does not indicate management turnover or governance deterioration.
FAQ
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What did Cadre Holdings (CDRE) report on this Form 144?
Does the filing indicate prior sales by the filer in the last three months?
Who is acting as broker for the sale?
AI-generated analysis. How Rhea-AI works. Not financial advice.