Brad Williams - Mar 18, 2022 Form 4 Insider Report for Cadre Holdings, Inc. (CDRE)

Role: PRESIDENT
Signature: /s/ Brad Williams
Stock symbol: CDRE
Transactions as of: Mar 18, 2022
Transactions value $: $1,318,657
Form type: 4
Date filed: 3/22/2022, 04:16 PM
Previous filing: Mar 17, 2022
Next filing: Mar 13, 2023

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	$2.18M	+87K	+476.58%	$25.05	105K	Mar 18, 2022	Direct
transaction	CDRE	Common Stock	Tax liability	-$861K	-34.4K	-32.64%	$25.05	70.9K	Mar 18, 2022	Direct

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	-87K	-33.33%	$0.00	174K	Mar 18, 2022	Common Stock	87K		Direct	F1

* 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 261,000 shares of phantom stock. Each share of phantom stock is the economic equivalent of one share of Common Stock. 87,000 shares of phantom stock will vest and become non-forfeitable on March 18, 2022, March 18, 2023 and March 18, 2024.

Content

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 261,000 shares of phantom stock. Each share of phantom stock is the economic equivalent of one share of Common Stock. 87,000 shares of phantom stock will vest and become non-forfeitable on March 18, 2022, March 18, 2023 and March 18, 2024.