Cadre Holdings (CDRE) investor Kanders details 26.4% stake and June 2026 stock sales

Rhea-AI Filing Summary

Cadre Holdings, Inc. large shareholder Warren B. Kanders filed an amended Schedule 13D reporting beneficial ownership of 11,392,928 common shares, or about 26.4% of the company. This total includes 9,692,039 shares held by Kanders SAF, options for 348,901 shares that are currently exercisable within 60 days, and 1,329,100 shares held through Roth IRAs for Mr. and Mrs. Kanders.

The filing notes that 3,750,000 of the beneficially owned shares are subject to a security interest in favor of Texas Capital Bank under a loan agreement. Kanders SAF separately reports beneficial ownership of 9,692,039 shares, representing about 22.6% of the outstanding common stock.

The amendment also discloses recent open-market sales by Kanders SAF: 100,000 shares on June 15, 2026 at a weighted average price of $30.03 per share, 100,000 shares on June 16, 2026 at $28.19 per share, and 25,000 shares on June 17, 2026 at $28.68 per share.

Key Figures

Beneficial ownership: 11,392,928 shares Ownership percentage: 26.4% Kanders SAF holdings: 9,692,039 shares +5 more

8 metrics

Beneficial ownership 11,392,928 shares Shares beneficially owned by Warren B. Kanders, approx. 26.4% of class

Ownership percentage 26.4% Portion of Cadre Holdings common stock beneficially owned by Kanders

Kanders SAF holdings 9,692,039 shares Shares beneficially owned by Kanders SAF, LLC (22.6% of class)

Shares outstanding base 43,146,352 shares Figure used to compute Kanders’ 26.4% ownership, includes exercisable options

Open-market sale June 15, 2026 100,000 shares at $30.03 Weighted average price per share in open-market transactions

Open-market sale June 16, 2026 100,000 shares at $28.19 Weighted average price per share in open-market transactions

Open-market sale June 17, 2026 25,000 shares at $28.68 Weighted average price per share in open-market transactions

Pledged shares 3,750,000 shares Shares subject to a security interest in favor of Texas Capital Bank

Key Terms

beneficial owner, sole voting power, restricted stock units, volume-weighted average trading price, +2 more

6 terms

beneficial owner financial

"may be deemed to be the beneficial owner (as that term is defined under Rule 13d-3"

A beneficial owner is the person who ultimately owns or controls a financial asset or property, even if their name isn't directly on official documents. Think of it like someone who secretly holds the keys to a safe deposit box—others may appear to have access, but the true owner is the one who benefits from what's inside. Identifying beneficial owners helps ensure transparency and prevent illegal activities like money laundering or fraud.

sole voting power financial

"Number of Shares Beneficially Owned by Each Reporting Person With: | 7 | Sole Voting Power 11,369,478.00"

Sole voting power is the exclusive right to cast votes attached to a shareholder’s stock without needing approval from anyone else. Like holding the only remote control for a TV, it lets that holder decide corporate matters such as board members, mergers, and policy changes, making it important to investors because it concentrates control and can strongly influence a company’s strategy and the value of its shares.

restricted stock units financial

"80,974 shares underlying restricted stock units which were previously granted under the Issuer's 2021 Stock Incentive Plan"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

volume-weighted average trading price financial

"will vest only if, on or before June 16, 2033, the Issuer's common stock achieves a volume-weighted average trading price ("VWAP")"

Volume-weighted average trading price (VWAP) is the average price of a stock over a trading period, where each trade’s price is weighted by how many shares changed hands, so big trades move the average more than small ones. Investors use VWAP as a benchmark to tell whether they bought or sold at a good price compared with the market’s trading activity—like checking if your grocery bill was close to the store’s typical daily average when many customers shopped.

security interest financial

"Kanders SAF has granted a security interest in an aggregate of 3,750,000 shares of the Issuer's common stock"

A security interest is a legal claim a lender or creditor holds on a borrower's asset as collateral to secure repayment; if the borrower fails to pay, the creditor can seize or sell that asset to recover money owed. Think of it like a pawnshop tag on an item that gives the pawnbroker the right to sell it if the loan isn't repaid. For investors, security interests matter because they change how safely lenders and bondholders can recover funds and affect the hierarchy of claims if a company faces financial trouble.

Loan Agreement financial

"in favor of Texas Capital Bank pursuant to the Loan Agreement described in Item 6 of the Initial"

A loan agreement is a formal contract between a borrower and a lender that outlines the terms of a loan, including how much money is borrowed, how and when it will be repaid, and any interest or fees involved. It is like a detailed agreement that ensures both parties understand their responsibilities, helping to prevent misunderstandings. For investors, it provides clarity about the borrower's obligations and the risk involved in lending money.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Available on EDGAR 06/18/2026 - 04:20 PM Accepted by SEC EDGAR 06/18/2026 - 04:20 PM Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 2)

CADRE HOLDINGS, INC.

(Name of Issuer)

Common stock, par value $0.0001 per share

(Title of Class of Securities)

12763L105

(CUSIP Number)

Robert L. Lawrence
Kane Kessler, P.C., 600 3rd Avenue, 35th Floor
New York, NY, 10016
(212) 541-6222

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

06/16/2026

(Date of Event Which Requires Filing of This Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

schemaVersion:

SCHEDULE 13D

CUSIP Number(s): 12763L105

1

Name of reporting person

Warren B. Kanders

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 11,369,478.00
8	Shared Voting Power 23,450.00
9	Sole Dispositive Power 11,369,478.00
10	Shared Dispositive Power 23,450.00

11

Aggregate amount beneficially owned by each reporting person

11,392,928.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

26.4 %

14

Type of Reporting Person (See Instructions)

IN

Comment for Type of Reporting Person:

Footnote to Rows 7 and 9: (A) Consists of (i) 22,888 shares held by Warren B. Kanders, (ii) 1,305,650 shares held by Warren B. Kanders Roth IRA, (iii) 9,692,039 shares held by Kanders SAF, LLC ("Kanders SAF"); and (iv) options to purchase an aggregate of 348,901 shares of common stock which were previously granted under the Issuer's 2021 Stock Incentive Plan and that are presently exercisable or exercisable within 60 days of the date hereof; and (B) excludes, without duplication, (i) 258,266 shares underlying stock options to purchase shares of common stock which were previously granted under the Issuer's 2021 Stock Incentive Plan and that are not presently exercisable or exercisable within 60 days of the date hereof; (ii) 80,974 shares underlying restricted stock units which were previously granted under the Issuer's 2021 Stock Incentive Plan and that are not presently vested or vesting within 60 days of the date hereof; (iii) 261,000 shares underlying restricted stock units granted under the Issuer's 2021 Stock Incentive Plan that will vest only if, on or before June 16, 2033, the Issuer's common stock achieves a volume-weighted average trading price ("VWAP") of at least $60.00 per share over a 20 consecutive trading day measurement period; (iv) 373,000 shares underlying restricted stock units granted under the Issuer's 2021 Stock Incentive Plan that will vest only if, on or before June 16, 2033, the Issuer's common stock achieves a VWAP of at least $80.00 per share over a 20 consecutive trading day measurement period; (v) 496,500 shares underlying stock options granted under the Issuer's 2021 Stock Incentive Plan that will vest and become exercisable only if, on or before June 16, 2033, the Issuer's common stock achieves a VWAP of at least $60.00 per share over a 20 consecutive trading day measurement period; and (vi) 616,500 shares underlying stock options granted under the Issuer's 2021 Stock Incentive Plan that will vest and become exercisable only if, on or before June 16, 2033, the Issuer's common stock achieves a VWAP of at least $80.00 per share over a 20 consecutive trading day measurement period. Mr. Kanders is the sole member and manager of Kanders SAF, and accordingly all of the shares of the Issuer's common stock held by Kanders SAF may be deemed to be beneficially owned by Mr. Kanders. Footnote to Rows 8 and 10: 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 Issuer's common stock held by Allison Kanders Roth IRA may be deemed to be beneficially owned by Mr. Kanders. Mr. Kanders disclaims beneficial ownership of the shares held by Allison Kanders Roth IRA, except to the extent of his pecuniary interest therein. Footnote to Row 11: The amount reported above as being beneficially owned by Mr. Kanders (A) includes, without duplication, the shares reported in Rows 7 and 9 plus the shares reported in Rows 8 and 10; and (B) excludes, without duplication, (i) 258,266 shares underlying stock options to purchase shares of the Issuer's common stock which were previously granted under the Issuer's 2021 Stock Incentive Plan and that are not presently exercisable or exercisable within 60 days of the date hereof; (ii) 80,974 shares underlying restricted stock units which were previously granted under the Issuer's 2021 Stock Incentive Plan and that are not presently vested or vesting within 60 days of the date hereof; (iii) 261,000 shares underlying restricted stock units granted under the Issuer's 2021 Stock Incentive Plan that will vest only if, on or before June 16, 2033, the Issuer's common stock achieves a VWAP of at least $60.00 per share over a 20 consecutive trading day measurement period; (iv) 373,000 shares underlying restricted stock units granted under the Issuer's 2021 Stock Incentive Plan that will vest only if, on or before June 16, 2033, the Issuer's common stock achieves a VWAP of at least $80.00 per share over a 20 consecutive trading day measurement period; (v) 496,500 shares underlying stock options granted under the Issuer's 2021 Stock Incentive Plan that will vest and become exercisable only if, on or before June 16, 2033, the Issuer's common stock achieves a VWAP of at least $60.00 per share over a 20 consecutive trading day measurement period; and (vi) 616,500 shares underlying stock options granted under the Issuer's 2021 Stock Incentive Plan that will vest and become exercisable only if, on or before June 16, 2033, the Issuer's common stock achieves a VWAP of at least $80.00 per share over a 20 consecutive trading day measurement period. Footnote to Row 13: The percentage of shares of common stock reported as being beneficially owned by Mr. Kanders is based upon 43,146,352 shares of common stock outstanding as of the date hereof, which includes: (i) 42,797,451 shares of common stock outstanding as of May 1, 2026, as set forth in the Issuer's Quarterly Report on Form 10-Q for the quarter ended March 31, 2026 filed with the Securities and Exchange Commission on May 11, 2026; and (ii) options to purchase an aggregate of 348,901 shares of common stock which were previously granted under the Issuer's 2021 Stock Incentive Plan and that are presently exercisable or exercisable within 60 days of the date hereof.

SCHEDULE 13D

CUSIP Number(s): 12763L105

1

Name of reporting person

Kanders SAF, LLC

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 9,692,039.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 9,692,039.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

9,692,039.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

22.6 %

14

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person:

Footnote to Rows 7, 9 and 11: Mr. Kanders is the sole member and manager of Kanders SAF, and accordingly may be deemed to beneficially own all of the shares of the Company's common stock held by Kanders SAF. Footnote to Row 13: The percentage of shares of common stock reported as being beneficially owned by Kanders SAF is based upon 42,797,451 shares of common stock outstanding as of May 1, 2026, as set forth in the Issuer's Quarterly Report on Form 10-Q for the quarter ended March 31, 2026 filed with the Securities and Exchange Commission on May 11, 2026.

SCHEDULE 13D

Item 1.	Security and Issuer
(a)	Title of Class of Securities: Common stock, par value $0.0001 per share
(b)	Name of Issuer: CADRE HOLDINGS, INC.
(c)	Address of Issuer's Principal Executive Offices: 13386 International Pkwy, Jacksonville, FLORIDA , 32218.
Item 1 Comment: This Amendment No. 2 to Schedule 13D amends and supplements the Schedule 13D originally filed with the U.S. Securities and Exchange Commission on November 14, 2025 (the "Initial Schedule 13D") and the Amendment No. 1 to Schedule 13D filed with the U.S. Securities and Exchange Commission on November 19, 2025 ("Amendment No. 1 to Schedule 13D"), by Warren B. Kanders and Kanders SAF (collectively, the "Reporting Persons"). Capitalized terms used herein but not otherwise defined shall have the meaning set forth in the Initial Schedule 13D and Amendment No. 1 to Schedule 13D, as applicable. Unless indicated otherwise, all items left blank remain unchanged, and any items which are amended below are deemed to supplement the existing items in the Initial Schedule 13D and Amendment No. 1 to Schedule 13D, as applicable.
Item 5.	Interest in Securities of the Issuer
(a)	Item 5(a) of the Schedule 13D is hereby amended and restated in its entirety as follows: As of the date of this Schedule 13D, Mr. Kanders may be deemed to be the beneficial owner (as that term is defined under Rule 13d-3 under the Exchange Act of 1934, as amended) of 11,392,928 shares of common stock, constituting approximately 26.4% of the outstanding shares of common stock, which is comprised of: (i) 22,888 shares held by Warren B. Kanders, (ii) 1,305,650 shares held by Warren B. Kanders Roth IRA, (iii) 9,692,039 shares held by Kanders SAF; (iv) options to purchase an aggregate of 348,901 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 the date hereof; and (v) 23,450 shares of common stock held by Allison Kanders Roth IRA. Mr. Kanders disclaims beneficial ownership of the shares held by the Allison Kanders Roth IRA, except to the extent of his pecuniary interest therein. The amount reported above as being beneficially owned by Mr. Kanders excludes, without duplication, (i) 258,266 shares underlying stock options to purchase shares of the Issuer's common stock which were previously granted under the Issuer's 2021 Stock Incentive Plan and that are not presently exercisable or exercisable within 60 days of the date hereof; (ii) 80,974 shares underlying restricted stock units which were previously granted under the Issuer's 2021 Stock Incentive Plan and that are not presently vested or vesting within 60 days of the date hereof; (iii) 261,000 shares underlying restricted stock units granted under the Issuer's 2021 Stock Incentive Plan that will vest only if, on or before June 16, 2033, the Issuer's common stock achieves a VWAP of at least $60.00 per share over a 20 consecutive trading day measurement period; (iv) 373,000 shares underlying restricted stock units granted under the Issuer's 2021 Stock Incentive Plan that will vest only if, on or before June 16, 2033, the Issuer's common stock achieves a VWAP of at least $80.00 per share over a 20 consecutive trading day measurement period; (v) 496,500 shares underlying stock options granted under the Issuer's 2021 Stock Incentive Plan that will vest and become exercisable only if, on or before June 16, 2033, the Issuer's common stock achieves a VWAP of at least $60.00 per share over a 20 consecutive trading day measurement period; and (vi) 616,500 shares underlying stock options granted under the Issuer's 2021 Stock Incentive Plan that will vest and become exercisable only if, on or before June 16, 2033, the Issuer's common stock achieves a VWAP of at least $80.00 per share over a 20 consecutive trading day measurement period. The percentage of shares of common stock reported as being beneficially owned by Mr. Kanders is based upon 43,146,352 shares of common stock outstanding as of the date hereof, which includes: (i) 42,797,451 shares of common stock outstanding as of May 1, 2026, as set forth in the Issuer's Quarterly Report on Form 10-Q for the quarter ended March 31, 2026, filed with the Securities and Exchange Commission on May 11, 2026; and (ii) options to purchase an aggregate of 348,901 shares of common stock which were previously granted under the Issuer's 2021 Stock Incentive Plan and that are presently exercisable or exercisable within 60 days of the date hereof. Of the 11,392,928 shares beneficially owned by the Reporting Persons, Kanders SAF has granted a security interest in an aggregate of 3,750,000 shares of the Issuer's common stock beneficially owned by the Reporting Persons in favor of Texas Capital Bank pursuant to the Loan Agreement described in Item 6 of the Initial Schedule 13D.
(b)	Item 5(b) of the Schedule 13D is hereby amended and restated in its entirety as follows: Of the shares of common stock reported as being beneficially owned by Mr. Kanders, he (i) has sole power to vote or direct the vote and to dispose or direct the disposition of 11,369,478 shares of common stock, including 9,692,039 shares held by Kanders SAF, for which Mr. Kanders serves as sole member and manager of Kanders SAF; and (ii) shares with his wife, the power to vote or direct the vote and to dispose or direct the disposition of the 23,450 shares held by the Allison Kanders Roth IRA. Mr. Kanders disclaims beneficial ownership of the shares held by the Allison Kanders Roth IRA, except to the extent of his pecuniary interest therein.
(c)	Item 5(c) of the Schedule 13D is hereby supplemented as follows: Except as set forth below, neither of the Reporting Persons has effected any transactions in shares of the Issuer's common stock during the past 60 days: On June 15, 2026, Kanders SAF sold 100,000 shares of the Issuer's common stock at a weighted average price of $30.03 per share in open market transactions pursuant to Rule 144 under the Securities Act of 1933, as amended. The shares were sold at prices ranging from $29.07 to $31.03 per share. On June 16, 2026, Kanders SAF sold 100,000 shares of the Issuer's common stock at a weighted average price of $28.19 per share in open market transactions pursuant to Rule 144 under the Securities Act of 1933, as amended. The shares were sold at prices ranging from $26.905 to $28.995 per share. On June 17, 2026, Kanders SAF sold 25,000 shares of the Issuer's common stock at a weighted average price of $28.68 per share in open market transactions pursuant to Rule 144 under the Securities Act of 1933, as amended. The shares were sold at prices ranging from $28.12 to $29.09 per share.
(e)	N/A

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:	06/18/2026

Kanders SAF, LLC

Signature:	/s/ Warren B. Kanders
Name/Title:	Warren B. Kanders / Sole Manager
Date:	06/18/2026

FAQ

How many Cadre Holdings (CDRE) shares does Warren B. Kanders beneficially own?

Warren B. Kanders beneficially owns 11,392,928 Cadre Holdings shares, or about 26.4% of the company. This includes direct holdings, Roth IRAs, Kanders SAF, and 348,901 currently exercisable stock options.

What stake in Cadre Holdings (CDRE) is held by Kanders SAF, LLC?

Kanders SAF, LLC beneficially owns 9,692,039 Cadre Holdings common shares, representing about 22.6% of the outstanding stock. Warren B. Kanders is the sole member and manager of Kanders SAF and may be deemed to beneficially own these shares.

What recent Cadre Holdings (CDRE) stock sales were disclosed for Kanders SAF?

The filing reports that Kanders SAF sold 100,000 Cadre shares on June 15, 2026 at a $30.03 weighted average, 100,000 shares on June 16 at $28.19, and 25,000 shares on June 17 at $28.68, all in open-market transactions.

How is the 26.4% Cadre Holdings (CDRE) ownership percentage for Kanders calculated?

The 26.4% figure is based on 43,146,352 Cadre shares outstanding, including 42,797,451 shares reported outstanding as of May 1, 2026 plus 348,901 stock options that are presently exercisable or exercisable within 60 days.

Are any of Warren B. Kanders’ Cadre (CDRE) shares pledged as collateral?

Yes. Of the 11,392,928 Cadre shares beneficially owned by the reporting persons, 3,750,000 shares are subject to a security interest granted in favor of Texas Capital Bank under a loan agreement described in the original Schedule 13D.

What performance-based equity awards in Cadre Holdings (CDRE) are excluded from Kanders’ beneficial ownership?

Excluded are unvested or unexercisable awards, including restricted stock units and options that vest only if Cadre’s stock achieves VWAP targets of $60 or $80 per share over a 20-day period on or before June 16, 2033.