This is a routine administrative update to existing pledge arrangements. No change in activist posture or ownership level. Monitor for any future 13D amendments that signal changes in strategy or demands.
Price Chart
Executive Summary
Warren B. Kanders filed Amendment No. 18 to his Schedule 13D, reporting beneficial ownership of 20.2% of Clarus Corp common stock as of September 28, 2026. The amendment primarily updates the pledge arrangements with Bank of America, increasing margin borrowing capacity on 1,679,147 shares. No change in stake percentage or stated purpose was disclosed.
Key Financial Metrics
Key Facts
- Warren B. Kanders beneficially owns 8,124,220 shares of Clarus Corp common stock, representing 20.2% of outstanding shares as of September 28, 2026.
- Kanders GMP Holdings, LLC beneficially owns 1,528,465 shares, representing 4.0% of outstanding shares.
- On September 25, 2026, Kanders and Holdings entered into amendments to their Pledge Agreements with Bank of America, increasing margin borrowing capacity on 1,679,147 shares.
- The pledged shares consist of 500,000 shares held by Holdings and 1,179,147 shares held directly by Kanders.
- The percentage calculation is based on 38,288,155 shares outstanding as of July 30, 2026, plus 1,905,997 exercisable options for Kanders' denominator.
Financial Impact
No material financial impact disclosed. The amendment updates margin borrowing capacity on existing pledged shares.
Risk Factors
- Increased margin borrowing could signal personal liquidity needs, but no evidence of distress.
- No change in stated purpose or demands — status quo maintained.
Investment Themes
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| SC 13D/A Filing (Primary) | 0001104659-26-112901 |
| Document: 0001104659-26-112901-index.html | 0001104659-26-112901 |
| Document: 0001104659-26-112901.txt | 0001104659-26-112901 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 22, 2026 5d ago | Press Release | $3.83 | awaiting T+60 | — | $3.90 (+1.83%) |
Oct 1, 2026 26d ago | SC 13D/A | $3.45 | awaiting T+60 | — | $3.90 (+13.04%) |
Sep 22, 2026 5w ago | Institutional Cluster | $3.57 | awaiting T+60 | — | $3.90 (+9.24%) |
Jun 19, 2026 18w ago | Institutional Cluster | $3.02 $3.51 | ▼ −16.23% | ▼ −14.48% | $3.90 (−29.14%) |
Jun 12, 2026 19w ago | Institutional Cluster | $3.10 $3.72 | ▲ +20.00% | ▲ +16.74% | $3.90 (+25.81%) |
Apr 23, 2026 26w ago | Press Release | $2.73 $3.36 | ▲ +23.08% | ▲ +18.00% | $3.90 (+42.86%) |
Mar 5, 2026 33w ago | 8-K | $2.96 $2.91 | ▲ +1.79% | ▲ +14.57% | $3.90 (−31.62%) |
Mar 5, 2026 33w ago | Press Release | $2.96 $2.91 | ▲ +1.79% | ▲ +14.57% | $3.90 (−31.62%) |
Mar 4, 2026 33w ago | Press Release | $3.07 $2.91 | ▼ −5.28% | ▼ −16.58% | $3.90 (+26.95%) |
US Market Status
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