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

Role: CHIEF FINANCIAL OFFICER
Signature: /s/ Blaine Browers
Stock symbol: CDRE
Transactions as of: Mar 18, 2024
Transactions value $: -$754,687
Form type: 4
Date filed: 3/20/2024, 04:16 PM
Previous filing: Mar 15, 2024
Next filing: Nov 13, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CDRE	Common Stock, par value $0.0001 per share ("Common Stock")	Options Exercise		+55.3K	+74.46%		130K	Mar 18, 2024	Direct	F1
transaction	CDRE	Common Stock	Tax liability	-$755K	-21.8K	-16.79%	$34.66	108K	Mar 18, 2024	Direct	F2

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	-55.3K	-100%	$0.00^*	0	Mar 18, 2024	Common Stock	55.3K		Direct	F1
transaction	CDRE	Restricted Stock Units	Award	$0	+9.85K		$0.00	9.85K	Mar 18, 2024	Common Stock	9.85K		Direct	F3
transaction	CDRE	Stock Option (right to purchase)	Award	$0	+31K		$0.00	31K	Mar 18, 2024	Common Stock	31K	$34.66	Direct	F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	On March 9, 2022, the Reporting Person was granted a phantom stock award under the Safariland Group Amended and Restated 2021 Phantom Restricted Share Plan consisting of 166,000 shares of phantom stock. Each share of phantom stock is the economic equivalent of one share of Cadre Holdings, Inc. (the "Issuer") Common Stock. 55,334 shares of phantom stock vested and became non-forfeitable on March 18, 2022, and 55,333 shares of phantom stock vested and became non-forfeitable on each of March 18, 2023 and March 18, 2024, respectively.
F2	Represents the number of shares of Common Stock withheld by the Issuer to satisfy the tax withholding obligations incurred by Mr. Browers as a result of the vesting on March 18, 2024 of a portion of the phantom stock award.
F3	Comprised of a restricted stock units award granted under the Issuer's 2021 Stock Incentive Plan (the "Plan") consisting of 9,846 shares of the Issuer's Common Stock. 3,282 shares of the Issuer's Common Stock will vest and become non-forfeitable on each of March 18, 2025, March 18, 2026 and March 13, 2027, respectively.
F4	The option to purchase shares of the Issuer's Common Stock was granted under the Plan. Options to purchase 10,341 shares of the Issuer's Common Stock will vest and become exercisable on each of March 18, 2025, March 18, 2026 and March 18, 2027, respectively.