Monitor for actual Form 4 filings confirming these sales. The pattern of three large sales within three months by the chairman/controller is a negative signal. Look for any D&O trading plan adoption (Rule 10b5-1) that could explain the selling cadence.
Price Chart
Executive Summary
Warren B. Kanders, Chairman of Cadre Holdings, filed a Form 144 on June 15, 2026 to sell up to 300,000 shares (approx. $9.3M at filing price) through Merrill Lynch. This follows two recent 100,000-share sales in March 2026, creating a pattern of significant insider selling by the company's founder and chairman. Given Mr. Kanders' control position and the material size of the proposed sale relative to market cap, this is a meaningful insider selling signal.
Key Facts
- Chairman Warren B. Kanders filed to sell 300,000 shares via Form 144 on June 15, 2026
- Proceeds estimated at ~$9.3M based on $30.96/share reference price
- Mr. Kanders already sold 200,000 shares in two March 2026 transactions (~$6.3M)
- He acquired the shares via a liquidating distribution from Maui Holdings LLC in December 2021 and holds ~15.9M shares total
- The filing signals intent to sell, not a completed sale, but the pattern is noteworthy
Financial Impact
Up to $9.3M proposed sale, representing ~0.7% of $1.3B market cap; combined with two prior March sales totals ~$15.6M in recent insider monetization
Risk Factors
- Insider selling could signal management's view that shares are fully valued or that near-term headwinds exist
- Large chairman sales may reduce market confidence and increase stock volatility
- Sale may not complete; Form 144 only signals intent
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 144 Filing (Primary) | 0001628280-26-043317 |
| Document: 0001628280-26-043317-index.html | 0001628280-26-043317 |
| Document: 0001628280-26-043317.txt | 0001628280-26-043317 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 30, 2026 27d ago | SC 13D/A | $25.01 $24.83 | ▲ +0.72% | ▲ +2.02% | $30.64 (−22.51%) |
Sep 22, 2026 5w ago | Institutional Cluster | $26.88 $25.53 | ▼ −5.02% | ▼ −3.84% | $30.64 (+13.99%) |
Aug 26, 2026 8w ago | Insider Cluster | $31.10 $29.88 | ▲ +3.92% | ▲ +4.19% | $30.64 (+1.48%) |
Aug 10, 2026 11w ago | EFFECT | $32.76 $33.30 | ▲ +1.65% | ▲ +1.69% | $30.64 (−6.47%) |
Jun 15, 2026 19w ago | 144 | $28.75 $27.53 | ▲ +4.24% | ▲ +2.01% | $30.64 (−6.57%) |
Jun 2, 2026 21w ago | 3 | $29.19 $29.54 | ▲ +1.20% | ▲ +5.02% | $30.64 (+4.97%) |
May 14, 2026 23w ago | DEFA14A | $29.78 $30.31 | ▲ +1.78% | ▲ +0.82% | $30.64 (+2.89%) |
US Market Status
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