Warren Kanders sells 200k Common Shares (NYSE: CDRE) in Rule 144 notices

Rhea-AI Filing Summary

Warren B. Kanders reported sales of Common Stock under Rule 144. The filing lists two transactions: 100,000 shares sold on 03/20/2026 for $3,140,000 and 100,000 shares sold on 03/23/2026 for $3,193,000. The record also includes a liquidating distribution tied to Maui Holdings LLC dated 12/07/2021 for 15,866,703 shares as shown in the excerpt.

Insights

Corporate Governance Analyst

Rule 144 sales reported by an individual shareholder; transactions are routine disposition filings.

The excerpt shows two discrete sales of Common Stock by Warren B. Kanders: 100,000 shares on 03/20/2026 and 100,000 shares on 03/23/2026, with aggregate amounts $3,140,000 and $3,193,000 respectively. These entries are recorded under a Rule 144 notice.

The filing also lists a liquidating distribution linked to Maui Holdings LLC dated 12/07/2021 showing 15,866,703 shares. Future disclosures or filings would be needed to clarify any remaining holdings or ongoing disposition plans.

Key Figures

Sale 1 - shares: 100,000 shares Sale 1 - aggregate amount: $3,140,000 Sale 2 - shares: 100,000 shares +2 more

5 metrics

Sale 1 - shares 100,000 shares sold on 03/20/2026

Sale 1 - aggregate amount $3,140,000 reported alongside 03/20/2026 sale

Sale 2 - shares 100,000 shares sold on 03/23/2026

Sale 2 - aggregate amount $3,193,000 reported alongside 03/23/2026 sale

Liquidating distribution - Maui Holdings LLC 15,866,703 shares dated 12/07/2021

Key Terms

Rule 144, Liquidating distribution, Maui Holdings LLC

3 terms

Rule 144 regulatory

"Securities To Be Sold line referencing Liquidating distribution and sale reporting"

Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.

Liquidating distribution financial

"Liquidating distribution based upon reporting person's pro rata membership interest"

A liquidating distribution is a payment made to shareholders when a company is winding up or selling off its assets, returning the investors’ share of the cash left after debts are paid. Think of it as splitting the proceeds from selling a house: creditors are paid first, then remaining money is handed back to owners; for investors this signals a company is ending operations and affects how much capital they recover and how it’s taxed.

Maui Holdings LLC other

"Liquidating distribution based upon reporting person's pro rata membership interest in Maui Holdings LLC"

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Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

Relationship to Issuer

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common Stock	Merrill Lynch 225 Liberty St 39th Floor New York NY 10281	300000	9288000	42797451	06/15/2026	NYSE

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common Stock	12/07/2021	Liquidating distribution based upon reporting person's pro rata membership interest in Maui Holdings LLC	Maui Holdings LLC			15866703	12/07/2021	Stock

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
Warren B. Kanders 250 Royal Palm Way Suite 201 Palm Beach FL 33480	Common Stock	03/20/2026	100000	3140000
Warren B. Kanders 250 Royal Palm Way Suite 201 Palm Beach FL 33480	Common Stock	03/23/2026	100000	3193000

144: Remarks and Signature

Remarks

Date of Notice

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What did the Form 144 filing for CDRE disclose?

The filing discloses two Rule 144 sales by Warren B. Kanders of 100,000 shares each on 03/20/2026 and 03/23/2026. It also records a liquidating distribution tied to Maui Holdings LLC dated 12/07/2021 for 15,866,703 shares.

How many shares and proceeds are reported in the CDRE excerpt?

The excerpt shows two transactions of 100,000 shares each, with reported aggregate figures of $3,140,000 and $3,193,000. These numbers appear adjacent to the dated sale entries in the table.

Who is listed as the selling party in the CDRE filing?

The selling party shown is Warren B. Kanders, with an address in Palm Beach, FL. The excerpt also references Maui Holdings LLC in connection with a liquidating distribution dated 12/07/2021.

Does the filing state the method or timing for further sales for CDRE?

The provided excerpt lists specific past sale dates and a prior liquidating distribution; it does not specify methods or timing for future sales. Additional filings would be required for further details.

Are the Maui Holdings LLC shares part of the same Rule 144 transaction?

The excerpt shows a separate line noting a liquidating distribution from Maui Holdings LLC dated 12/07/2021 for 15,866,703 shares. The filing presents this as a distinct entry in the securities information.