CEO Warren Kanders sold 200,000 shares of CDRE for $6,333,000.00 across 2 trades; stock now -30.8% from 52-week high
CEO and Chairman Warren B. Kanders executed 2 separate sales totaling 200,000 shares (200.0K shares) for $6,333,000.00 on 2026-03-20 and 2026-03-23 at an average of $31.66, reducing his holdings by 2.0% from 10,117,039 to 9,917,039 shares post-transaction. The sales occurred during a period of pronounced stock weakness: the stock is currently -30.8% from its 52-week high of $46.07 and has declined -28.0% over the prior 30 days. His 16 prior cross-ticker sales carry a 56.25% well-timed rate with an average 90-day return of -1.9%, indicating modest but genuine historical accuracy in sell timing. At CDRE specifically, prior sales show mixed outcomes: his 5 prior trades at this ticker produced only 1 well-timed outcome at the 90-day mark, with recent November 2025 sales posting +3.8% to +8.2% 90-day returns (poorly timed). The latest sale occurs against a backdrop of near-term price deterioration but should be monitored against the stock's recent trajectory and valuation (P/E 25.50).