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).

Insights

Governance & Insider Transactions

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.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

KANDERS WARREN B

(Last) (First) (Middle)

C/O KANDERS & COMPANY, INC.

250 ROYAL PALM WAY, SUITE 201

(Street)

PALM BEACH FL 33480

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Cadre Holdings, Inc. [ CDRE ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	X	10% Owner
X	Officer (give title below)		Other (specify below)
	CEO AND CHAIRMAN

3. Date of Earliest Transaction (Month/Day/Year)
11/10/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock, par value $0.0001 per share ("Common Stock")	11/10/2025		M		2,000,000	A	(1)	2,045,584	D
Common Stock	11/10/2025		F		787,000(2)	D	$43.32	1,258,584	D
Common Stock								10,216,192	I	By Kanders SAF, LLC(3)(5)
Common Stock								1,305,650	I	By Warren B. Kanders Roth IRA
Common Stock								23,450	I	By Allison Kanders Roth IRA(4)(5)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	(1)	11/10/2025		M			2,000,000	(1)	(1)	Common Stock	2,000,000	$0	0	D

Explanation of Responses:

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.

2. 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.

3. The Reporting Person is the sole manager and member of Kanders SAF, LLC.

4. Allison Kanders is the Reporting Person's spouse.

5. The Reporting Person disclaims beneficial ownership of the securities described in this statement, except to the extent of his pecuniary interest in such securities.

	/s/ Warren B. Kanders	11/12/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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FAQ

What did CDRE CEO Warren B. Kanders report on Form 4?

He reported vesting and settlement of 2,000,000 restricted stock units into Common Stock on November 10, 2025, with share withholding for taxes.

How many CDRE shares were withheld for taxes and at what price?

The issuer withheld 787,000 shares at $43.32 per share to satisfy tax obligations from the RSU vesting.

What is Warren B. Kanders’ direct ownership in CDRE after the transaction?

Direct ownership is 1,258,584 shares following the reported transactions.

What indirect CDRE holdings does Warren B. Kanders report?

He reports 10,216,192 shares via Kanders SAF, LLC, 1,305,650 via his Roth IRA, and 23,450 via Allison Kanders’ Roth IRA.

What roles does Warren B. Kanders hold at Cadre Holdings (CDRE)?

He is listed as Director, 10% Owner, and Officer (CEO and Chairman).

Were these CDRE insider transactions under a Rule 10b5-1 plan?

The form includes the 10b5-1 checkbox reference; the excerpt does not indicate it was selected.