Nicolas Sokolow - Mar 18, 2024 Form 4 Insider Report for Cadre Holdings, Inc. (CDRE)

Role
Director
Signature
/s/ Nicolas Sokolow
Stock symbol
CDRE
Transactions as of
Mar 18, 2024
Transactions value $
$0
Form type
4
Date filed
3/20/2024, 04:16 PM
Previous filing
Mar 13, 2024
Next filing
Jun 3, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CDRE Common Stock, $.0001 par value ("Common Stock") Options Exercise +11K +21.42% 62.3K Mar 18, 2024 Direct F1
holding CDRE Common Stock 588K Mar 18, 2024 See Footnote F2, F5
holding CDRE Common Stock 253K Mar 18, 2024 See Footnote F3, F5
holding CDRE Common Stock 84.2K Mar 18, 2024 See Footnote F4, F5

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction CDRE Phantom Stock Options Exercise $0 -11K -100% $0.00* 0 Mar 18, 2024 Common Stock 11K Direct F1
transaction CDRE Stock Option (right to purchase) Award $0 +16K $0.00 16K Mar 18, 2024 Common Stock 16K $34.66 Direct F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On March 9, 2024, the Reporting Person was granted a phantom stock award under the Safariland Group Amended and Restated 2021 Phantom Restricted Share Plan consisting of 33,000 shares of phantom stock. Each share of phantom stock is the economic equivalent of one share of Cadre Holdings, Inc. (the "Issuer") Common Stock. 11,000 shares of phantom stock vested and became non-forfeitable on each of March 18, 2022, March 18, 2023 and March 18, 2024, respectively.
F2 The securities reported herein are owned by ST Investors Fund, LLC, a limited liability company of which the Reporting Person is the general manager.
F3 The securities reported herein are owned by Korsak Holdings, LLC, a limited liability company of which the Reporting Person is the general manager.
F4 The securities reported herein are owned by Madetys Investments, LLC, a limited liability company of which the Reporting Person is the general manager.
F5 The Reporting Person disclaims beneficial ownership of the securities described in this statement, except to the extent of his pecuniary interest in such securities.
F6 16,000 options to purchase shares of the Issuer's Common Stock were granted under the Issuer's 2021 Stock Incentive Plan. Options to purchase 4,000 shares of the Issuer's Common Stock will vest and become exercisable in four equal consecutive quarterly tranches on each of March 31, 2024, June 30, 2024, September 30, 2024 and December 31, 2024, respectively.