Warren Kanders' 28.9% Stake in Cadre (CDRE) Disclosed in 13G/A

Rhea-AI Filing Summary

Cadre Holdings' Schedule 13G/A shows that Warren B. Kanders beneficially owns 11,823,511 shares of common stock, representing 28.9% of the class. The total includes 10,216,192 shares held by Kanders SAF, LLC (reported as 25%), 1,305,650 shares in a Roth IRA, 45,584 shares held personally, and 232,635 shares underlying options that are exercisable or exercisable within 60 days and therefore counted. The filing also discloses excluded awards: 229,797 options not currently exercisable and 2,071,481 restricted stock awards not vested or vesting within 60 days. Mr. Kanders is shown with sole voting and dispositive power over 11,800,061 shares and shared voting/dispositive power over 23,450 shares.

Positive

• Material disclosure of ownership: Reporting of 11,823,511 shares (28.9%) provides transparency on insider concentration.
• Clear breakdown: Filing specifies share sources including 10,216,192 shares held by Kanders SAF, LLC and 232,635 exercisable options included in the total.
• Voting and dispositive power disclosed: Documents sole voting/dispositive power for 11,800,061 shares and shared power for 23,450 shares.

Negative

• Excluded awards: 2,071,481 restricted stock awards and 229,797 options are excluded because they are not vested or exercisable, which limits immediate dilution clarity.
• No statement of intent: The filing does not disclose any plans, proposals, or intentions regarding corporate actions or governance, leaving investor interpretation limited.

Insights

Securities Analyst

Significant disclosed stake but no actions or proposals stated; filing documents ownership composition.

The filing reports a material ownership position: 11.82 million shares (28.9%), including 10.22 million shares held by Kanders SAF, LLC. The statement breaks out exercisable options included in the count and larger option/restricted awards excluded as not currently exercisable or vested. The document provides clear voting and dispositive power figures but does not disclose any transaction, control intention, or plan to change governance. As a disclosure, it is material for holders monitoring insider concentration but contains no operational or corporate-action detail.

Corporate Governance Expert

Ownership concentration is high; filing does not state any proposal to exert control or change governance.

The reported combined ownership indicates substantial concentration with a single beneficial owner and an affiliated entity holding a combined 28.9% of the outstanding common stock. The filing identifies which shares and options are included or excluded for the ownership calculation, clarifying the scope of immediate voting/dispositive power. No disclosures in this statement indicate plans, arrangements, or group formations to influence management or board composition, so governance implications remain observational rather than actionable based on this filing alone.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 5)

CADRE HOLDINGS, INC.

(Name of Issuer)

Common stock, par value $0.0001 per share

(Title of Class of Securities)

12763L105

(CUSIP Number)

06/30/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 12763L105

1

Names of Reporting Persons

Warren B. Kanders

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 11,800,061.00
6	Shared Voting Power 23,450.00
7	Sole Dispositive Power 11,800,061.00
8	Shared Dispositive Power 23,450.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

11,823,511.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

28.9 %

12

Type of Reporting Person (See Instructions)

IN

Comment for Type of Reporting Person: Footnote to Rows 5, 7, and 9: Consists of (i) 45,584 shares held by Warren B. Kanders, (ii) 1,305,650 shares held by Warren B. Kanders Roth IRA, (iii) 10,216,192 shares held by Kanders SAF, LLC ("SAF"); and (iv) options to purchase an aggregate of 232,635 shares of Common Stock which were previously granted under the Company's 2021 Stock Incentive Plan and that are presently exercisable or exercisable within 60 days of June 30, 2025. Mr. Kanders is the sole member and manager of SAF, and accordingly all of the shares of the Company's common stock held by SAF may be deemed to be beneficially owned by Mr. Kanders. Footnote to Rows 6, 8 and 9: Consists of 23,450 shares held by Allison Kanders Roth IRA. Allison Kanders is the wife of Mr. Kanders, and accordingly all of the shares of the Company's common stock held by Allison Kanders may be deemed to be beneficially owned by Mr. Kanders. Footnote to Row 9: The amount reported above as being beneficially owned by Mr. Kanders (i) includes 232,635 shares underlying stock options to purchase shares of Common Stock which were previously granted under the Company's 2021 Stock Incentive Plan and that are presently exercisable or exercisable within 60 days of June 30, 2025; and (ii) excludes (a) 229,797 shares underlying stock options to purchase shares of Common Stock which were previously granted under the Company's 2021 Stock Incentive Plan and that are not presently exercisable or exercisable within 60 days of June 30, 2025; and (b) 2,071,481 shares underlying restricted Common Stock awards which were previously granted under the Company's 2021 Stock Incentive Plan and that are not presently vested or vesting within 60 days of June 30, 2025. Footnote to Row 11: The percentage of shares of Common Stock reported as being beneficially owned by Mr. Kanders is based upon 40,896,479 shares of Common Stock outstanding as of August 1, 2025, which includes: (i) 40,663,844 shares of Common Stock outstanding as of August 1, 2025, as set forth in the Company's Quarterly Report on Form 10-Q for the quarter ended June 30, 2025 filed with the Securities and Exchange Commission on August 5, 2025; (ii) options to purchase an aggregate of 232,635 shares of Common Stock which were previously granted under the Company's 2021 Stock Incentive Plan and that are presently exercisable or exercisable within 60 days of June 30, 2025.

SCHEDULE 13G

CUSIP No. 12763L105

1

Names of Reporting Persons

Kanders SAF, LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 10,216,192.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 10,216,192.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

10,216,192.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

25 %

12

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person: Note to Rows 5, 7 and 9: Mr. Kanders is the sole member and manager of SAF, and accordingly may be deemed to beneficially own all of the shares of the Company's common stock held by SAF. Note to Row 11: The percentage of shares of Common Stock reported as being beneficially owned by SAF is based upon 40,896,479 shares of Common Stock outstanding as of August 1, 2025, which includes: (i) 40,663,844 shares of Common Stock outstanding as of August 1, 2025, as set forth in the Company's Quarterly Report on Form 10-Q for the quarter ended June 30, 2025 filed with the Securities and Exchange Commission on August 5, 2025; (ii) options to purchase an aggregate of 232,635 shares of Common Stock which were previously granted under the Company's 2021 Stock Incentive Plan and that are presently exercisable or exercisable within 60 days of June 30, 2025.

SCHEDULE 13G

Item 1.
(a)	Name of issuer: CADRE HOLDINGS, INC.
(b)	Address of issuer's principal executive offices: 13386 International Pkwy Jacksonville, FL, 32218
Item 2.
(a)	Name of person filing: (i) Warren B. Kanders; and (ii) Kanders SAF, LLC
(b)	Address or principal business office or, if none, residence: The address of the principal business office of the Reporting Persons is 250 Royal Palm Way, Suite 201, Palm Beach, Florida 33480.
(c)	Citizenship: Mr. Kanders is a citizen of the United States of America. Kanders SAF, LLC is a Delaware limited liability company.
(d)	Title of class of securities: Common stock, par value $0.0001 per share
(e)	CUSIP No.: 12763L105
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: (i) Warren B. Kanders 11,823,511 (ii) Kanders SAF, LLC 10,216,192
(b)	Percent of class: (i) Warren B. Kanders 28.9% (ii) Kanders SAF, LLC 25%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: (i) Warren B. Kanders 11,800,061 (ii) Kanders SAF, LLC 10,216,192
	(ii) Shared power to vote or to direct the vote: (i) Warren B. Kanders 23,450 (ii) Kanders SAF, LLC 0
	(iii) Sole power to dispose or to direct the disposition of: (i) Warren B. Kanders 11,800,061 (ii) Kanders SAF, LLC 10,216,192
	(iv) Shared power to dispose or to direct the disposition of: (i) Warren B. Kanders 23,450 (ii) Kanders SAF, LLC 0
Item 5.	Ownership of 5 Percent or Less of a Class.
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.	Certifications:
	Not Applicable

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Warren B. Kanders

Signature:	/s/ Warren B. Kanders
Name/Title:	Warren B Kanders
Date:	08/12/2025

Kanders SAF, LLC

Signature:	/s/ Warren B. Kanders
Name/Title:	Warren B. Kanders / Manager
Date:	08/12/2025

FAQ

How many CDRE shares does Warren B. Kanders beneficially own?

11,823,511 shares, representing 28.9% of the company's common stock as reported in the Schedule 13G/A.

What stake does Kanders SAF, LLC hold in CDRE?

10,216,192 shares, reported as 25% of the class and included in Mr. Kanders' beneficial ownership total.

Are any options or restricted awards included or excluded from the ownership total?

Included: 232,635 options exercisable or exercisable within 60 days are counted in the total. Excluded: 229,797 options not presently exercisable and 2,071,481 restricted stock awards not vested or vesting within 60 days.

What voting and dispositive powers are reported for Mr. Kanders?

Sole voting power: 11,800,061 shares; shared voting power: 23,450 shares. Sole dispositive power is 11,800,061 and shared dispositive power is 23,450.

What share count was used to calculate the ownership percentage for CDRE?

The percentage is based on a reported total of 40,896,479 shares of common stock outstanding used for the calculation.