CPI Card Group (PMTS) interim CFO details stock, options and RSUs

Rhea-AI Filing Summary

CPI Card Group Inc. executive Grantham Terra Lee, Interim Chief Financial Officer, reports existing equity interests in the company. The holdings include common stock, stock options and restricted stock units, all shown as directly owned as of February 13, 2026.

The report lists 14,664 shares of common stock held directly. It also details multiple stock option grants and restricted stock units, where each RSU represents the right to receive one common share upon vesting. The RSUs generally vest in three annual installments, conditioned on continued service according to the award terms.

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Grantham Terra Lee

(Last) (First) (Middle)

10368 WEST CENTENNIAL ROAD

(Street)

LITTLETON CO 80127

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
02/13/2026

3. Issuer Name and Ticker or Trading Symbol
CPI Card Group Inc. [ PMTS ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Interim Chief Financial Off.

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	14,664	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Option (Right to Buy)	(2)	09/25/2027	Common Stock	2,475	$5.25	D
Stock Option (Right to Buy)	(3)	09/21/2028	Common Stock	2,354	$29.62	D
Stock Option (Right to Buy)	(4)	03/31/2030	Common Stock	217	$45.01	D
Stock Option (Right to Buy)	(5)	05/31/2030	Common Stock	368	$26.61	D
Stock Option (Right to Buy)	(6)	08/31/2030	Common Stock	469	$20.67	D
Stock Option (Right to Buy)	(7)	11/30/2030	Common Stock	546	$17.79	D
Restricted Stock Units	(8)	(8)	Common Stock	808	(1)	D
Restricted Stock Units	(9)	(9)	Common Stock	594	(1)	D
Restricted Stock Units	(10)	(10)	Common Stock	514	(1)	D
Restricted Stock Units	(11)	(11)	Common Stock	506	(1)	D
Restricted Stock Units	(12)	(12)	Common Stock	884	(1)	D
Restricted Stock Units	(13)	(13)	Common Stock	1,148	(1)	D
Restricted Stock Units	(14)	(14)	Common Stock	1,605	(1)	D
Restricted Stock Units	(15)	(15)	Common Stock	1,917	(1)	D

Explanation of Responses:

1. Each restricted stock unit ("RSU") represents the right to receive one common share of the Issuer upon vesting of such RSU.

2. This option vested in three substantially equal annual installments beginning on September 25, 2018.

3. This option vested in two equal annual installments beginning on September 21, 2022.

4. This option vested in two equal annual installments beginning on March 31, 2024.

5. This option vested in two equal annual installments beginning on May 31, 2024.

6. This option vested in two equal annual installments beginning on August 31, 2024.

7. This option vested in two equal annual installments beginning on November 30, 2024.

8. This line reports RSUs awarded on March 29, 2024, of which 33.4% vested on the first anniversary of the award date, 33.3% will vest on the second anniversary of the award date, and the remaining 33.3% will vest on the third anniversary of the award date, subject to the reporting person's continued service through such date or as otherwise provided for in the applicable award agreement.

9. This line reports RSUs awarded on May 31, 2024, of which 33.4% vested on the first anniversary of the award date, 33.3% will vest on the second anniversary of the award date, and the remaining 33.3% will vest on the third anniversary of the award date, subject to the reporting person's continued service through such date or as otherwise provided for in the applicable award agreement.

10. This line reports RSUs awarded on August 30, 2024, of which 33.4% vested on the first anniversary of the award date, 33.3% will vest on the second anniversary of the award date, and the remaining 33.3% will vest on the third anniversary of the award date, subject to the reporting person's continued service through such date or as otherwise provided for in the applicable award agreement.

11. This line reports RSUs awarded on November 29, 2024, of which 33.4% vested on the first anniversary of the award date, 33.3% will vest on the second anniversary of the award date, and the remaining 33.3% will vest on the third anniversary of the award date, subject to the reporting person's continued service through such date or as otherwise provided for in the applicable award agreement.

12. This line reports RSUs awarded on March 29, 2025, of which 33.4% will vest on the first anniversary of the award date, 33.3% will vest on the second anniversary of the award date, and the remaining 33.3% will vest on the third anniversary of the award date, subject to the reporting person's continued service through such date or as otherwise provided for in the applicable award agreement.

13. This line reports RSUs awarded on May 30, 2025, of which 33.4% will vest on the first anniversary of the award date, 33.3% will vest on the second anniversary of the award date, and the remaining 33.3% will vest on the third anniversary of the award date, subject to the reporting person's continued service through such date or as otherwise provided for in the applicable award agreement.

14. This line reports RSUs awarded on August 29, 2025, of which 33.4% will vest on the first anniversary of the award date, 33.3% will vest on the second anniversary of the award date, and the remaining 33.3% will vest on the third anniversary of the award date, subject to the reporting person's continued service through such date or as otherwise provided for in the applicable award agreement.

15. This line reports RSUs awarded on November 25, 2025, of which 33.4% will vest on the first anniversary of the award date, 33.3% will vest on the second anniversary of the award date, and the remaining 33.3% will vest on the third anniversary of the award date, subject to the reporting person's continued service through such date or as otherwise provided for in the applicable award agreement.

Remarks:

Exhibit List: Exhibit 24 - Power of Attorney. This Form 3 is being filed late due to unanticipated delays in receiving the Reporting Person's EDGAR codes.

	Darren Dragovich, attorney-in-fact	03/04/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What does CPI Card Group (PMTS) disclose about Grantham Terra Lee’s role?

Grantham Terra Lee is identified as an officer of CPI Card Group Inc., serving as Interim Chief Financial Officer. This position typically involves oversight of financial reporting, capital structure, and internal controls for the company.

What common stock does Grantham Terra Lee hold in CPI Card Group (PMTS)?

The report shows Grantham Terra Lee directly holding 14,664 shares of common stock of CPI Card Group Inc. This position reflects existing ownership as of February 13, 2026, separate from any stock options or restricted stock units listed.

How are restricted stock units for CPI Card Group (PMTS) structured in this report?

Each restricted stock unit (RSU) represents the right to receive one common share upon vesting. Several RSU awards vest in three annual installments of 33.4%, 33.3%, and 33.3%, contingent on continued service or award agreement provisions.

What vesting schedules apply to CPI Card Group (PMTS) stock options here?

The stock options described vest over time in scheduled installments. One option grant vested in three substantially equal annual installments starting September 25, 2018, while others vested in two equal annual installments beginning on specified 2022 and 2024 dates.

Are CPI Card Group (PMTS) RSU awards in this report service-based?

Yes. The RSU awards vest over three years, with 33.4%, 33.3%, and 33.3% tranches. Vesting is subject to the reporting person’s continued service or as otherwise provided in the applicable award agreements referenced in the footnotes.

What securities types are listed for Grantham Terra Lee in CPI Card Group (PMTS)?

The report lists three security types: Common Stock, Stock Option (Right to Buy), and Restricted Stock Units. All are shown as directly owned, with options and RSUs governed by specific vesting schedules described in the accompanying footnotes.