CPI Card Group Inc. (PMTS) insider discloses 2,176,056 indirectly held shares

Rhea-AI Filing Summary

CPI Card Group Inc. disclosed the initial holdings of a director-related investor. The filing reports indirect beneficial ownership of 2,176,056 shares of common stock, all held by Tricor PMT25 Holdings Inc., a wholly owned subsidiary of Tricor Pacific Capital Inc. Tricor is described as a family office investing on behalf of Roderick R. Senft and two family trusts. Voting and investment decisions for these shares are made by or at the direction of Tricor’s board of directors, which includes Mr. Senft and five other members. The filing notes that Mr. Senft disclaims beneficial ownership of the shares.

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^*

Tricor PMT25 Holdings Inc.

(Last) (First) (Middle)

401 WEST GEORGIA ST, SUITE 1858

(Street)

VANCOUVER A1 V6B5A1

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
12/04/2025

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	X	10% Owner
	Officer (give title below)		Other (specify below)

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

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

	Form filed by One Reporting Person
X	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	2,176,056	I	See Footnote(1)

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

1. Name and Address of Reporting Person^*

Tricor PMT25 Holdings Inc.

(Last) (First) (Middle)

401 WEST GEORGIA ST, SUITE 1858

(Street)

VANCOUVER A1 V6B5A1

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

Tricor Pacific Capital Inc.

(Last) (First) (Middle)

401 WEST GEORGIA ST, SUITE 1858

(Street)

VANCOUVER A1 V6B5A1

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

Explanation of Responses:

1. All 2,176,056 shares reported on this line ("Shares") are held by Tricor PMT25 Holdings Inc., which is a wholly-owned subsidiary of Tricor Pacific Capital Inc. ("Tricor"). Tricor is a Family Office that holds, directly and indirectly, a portfolio of investments (including without limitation Shares of the Issuer) on behalf of Roderick R. Senft and two trusts for the benefit of him and his family members. All voting and investment decisions relating to the Issuer Shares are made by or at the direction of Tricor's board of directors, which consists of Mr. Senft and five other members. Mr. Senft disclaims beneficial ownership of the Shares.

	/s/ Shawn Lewis	12/18/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What insider ownership does CPI Card Group Inc. (PMTS) report in this filing?

The filing reports indirect beneficial ownership of 2,176,056 shares of CPI Card Group Inc. common stock by a director-related investor.

Who actually holds the 2,176,056 PMTS shares mentioned in the filing?

All 2,176,056 shares are held by Tricor PMT25 Holdings Inc., which is a wholly owned subsidiary of Tricor Pacific Capital Inc.

What is Tricor Pacific Capital Inc.’s role in relation to CPI Card Group Inc. (PMTS) shares?

Tricor Pacific Capital Inc. is described as a family office that holds a portfolio of investments, including the CPI Card Group Inc. shares, on behalf of Roderick R. Senft and two family trusts.

Who makes voting and investment decisions for the CPI Card Group Inc. shares?

All voting and investment decisions for the CPI Card Group Inc. shares are made by or at the direction of Tricor’s board of directors, which includes Mr. Senft and five other members.

Does Roderick R. Senft claim beneficial ownership of the 2,176,056 PMTS shares?

No. The filing states that Mr. Roderick R. Senft disclaims beneficial ownership of the CPI Card Group Inc. shares.

Is the ownership reported in this CPI Card Group (PMTS) filing direct or indirect?

The 2,176,056 shares of CPI Card Group Inc. common stock are reported as indirectly owned, held through Tricor PMT25 Holdings Inc.

Does this CPI Card Group Inc. filing describe any new stock transactions?

No specific purchases, sales, or option exercises are described; the filing focuses on reporting existing indirect beneficial ownership of CPI Card Group Inc. shares.