Warren Kanders reports RSU vesting; direct CDRE stake 1,258,584
Rhea-AI Filing Summary
Cadre Holdings (CDRE): CEO and Chairman Warren B. Kanders reported the vesting and settlement of a previously granted restricted stock units award. On November 10, 2025, 2,000,000 restricted stock units vested and were converted into Common Stock. To cover tax obligations from this vesting, the issuer withheld 787,000 shares at $43.32 per share, leaving Kanders with 1,258,584 shares held directly.
Kanders also reports indirect holdings of 10,216,192 shares through Kanders SAF, LLC, 1,305,650 shares through the Warren B. Kanders Roth IRA, and 23,450 shares through the Allison Kanders Roth IRA. He is listed as Director, 10% Owner, and Officer (CEO and Chairman).
Positive
- None.
Negative
- None.
Insights
Insider Form 4 shows RSU vesting and tax withholding; neutral.
The filing records a conversion of derivative equity into Common Stock via RSU vesting (code M) for 2,000,000 shares on November 10, 2025, followed by share withholding for taxes (code F) of 787,000 shares at $43.32. Such withholding indicates no open-market sale by the insider for these shares.
Post-transaction, direct ownership is reported at 1,258,584 shares, with additional indirect positions including 10,216,192 via Kanders SAF, LLC. These are administrative ownership updates rather than operational changes; cash-flow effects to the company are not indicated beyond tax withholding mechanics.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 2,000,000 | $0.00 | -- |
| Exercise | Common Stock, par value $0.0001 per share ("Common Stock") | 2,000,000 | $0.00 | -- |
| Tax Withholding | Common Stock | 787,000 | $43.32 | $34.09M |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- Comprised of a restricted stock units award ("Restricted Stock Units Award") previously granted under the Issuer's 2021 Stock Incentive Plan (the "Plan") consisting of 2,000,000 restricted shares of Common Stock all of which vested on November 10, 2025, upon the Fair Market Value (as defined in the Plan) of the Common Stock having equaled or exceeded $40.00 per share for twenty consecutive trading days. Represents the number of shares of Common Stock withheld by the Issuer to satisfy the tax withholding obligations incurred by the Reporting Person as a result of the vesting on November 10, 2025, of the Restricted Stock Units Award. The Reporting Person is the sole manager and member of Kanders SAF, LLC. Allison Kanders is the Reporting Person's spouse. The Reporting Person disclaims beneficial ownership of the securities described in this statement, except to the extent of his pecuniary interest in such securities.
