CPI Card director adds 1,135 RSUs, 1,948 shares

Q: What equity award did PMTS director Valerie Soranno Keating receive on August 31, 2026?

She received a grant of 1,135 deferred restricted stock units (RSUs) on August 31, 2026. Each RSU represents the right to receive one share of CPI Card Group Inc. common stock, vesting on the first anniversary of the award date, subject to continued service or the applicable award agreement.

Q: When do the 1,135 new RSUs for PMTS vest and settle?

The 1,135 RSUs vest on the first anniversary of the August 31, 2026 award date, subject to Valerie Soranno Keating’s continued service or the award agreement. The underlying shares of common stock will be issued to her following her separation from service with CPI Card Group Inc.

Q: What happened to Valerie Soranno Keating’s 2025 deferred RSUs at CPI Card Group Inc. (PMTS)?

On August 29, 2026, 1,948 deferred RSUs awarded on August 29, 2025 vested on their first anniversary and were converted into 1,948 shares of common stock, as reported in the Form 4 footnotes.

Q: Are Valerie Soranno Keating’s new RSUs at PMTS immediately payable in stock?

No. The filing states that these are deferred RSUs. The shares of CPI Card Group Inc. common stock underlying the RSUs will be issued following her separation from service with the company, after they first vest on the schedule described.

Her Aug. 29, 2025 RSUs vested and converted into 1,948 shares, bringing her total directly held common stock to 36,767.

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Form Type

Rhea-AI Filing Summary

CPI Card Group Inc. (PMTS) director Valerie Soranno Keating reported equity compensation activity involving restricted stock units (RSUs) and common stock. On August 31, 2026 she received a grant of 1,135 deferred RSUs, each representing one common share, which vest on the first anniversary of the award date subject to continued service, with shares issued after her separation from service. On August 29, 2026, 1,948 deferred RSUs awarded August 29, 2025 vested and were converted into 1,948 shares of common stock, increasing her directly held common shares to 36,767.

Insider Trade Summary

1,948 shares exercised/converted

Exercise 3 txns

Insider Soranno Keating Valerie

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Units ^{F3, F1, F4}	1,135	$0.00	$0.00
Exercise	Restricted Stock Units ^{F1, F2}	1,948	$0.00	$0.00
Exercise	Common Stock ^F1	1,948	--	--

Holdings After Transaction: Restricted Stock Units — 1,135 contracts (Direct); Common Stock — 36,767 shares (Direct)

Footnotes (4)

F1. Each restricted stock unit ("RSU") represents the right to receive one common share of the Issuer upon vesting of such RSU.
F2. This line reports 100% of the deferred RSUs that were awarded on the August 29, 2025 award date, which vested on the first anniversary of the award date.
F3. This line represents deferred RSUs. The shares of Common Stock underlying these RSUs will be issued to the Reporting Person following the Reporting Person's separation from service with the Issuer.
F4. The 1,135 RSUs reported on this line vest on the first anniversary of the August 31, 2026 award date, subject to the reporting person's continued service through such date or as otherwise provided for in the applicable award agreement.

Key Figures

RSU grant: 1,135 RSUs RSUs converted: 1,948 RSUs Common shares acquired on conversion: 1,948 shares +2 more

5 metrics

RSU grant 1,135 RSUs Deferred RSUs awarded August 31, 2026 that vest on the first anniversary

RSUs converted 1,948 RSUs Deferred RSUs awarded August 29, 2025 that vested and converted on August 29, 2026

Common shares acquired on conversion 1,948 shares Shares of common stock received from RSU conversion on August 29, 2026

Common shares held after transaction 36,767 shares Directly held CPI Card Group Inc. common stock following August 29, 2026 conversion

RSU vesting period 1 year New 1,135 RSUs vest on the first anniversary of the August 31, 2026 award date

Key Terms

Restricted Stock Units, deferred RSUs, separation from service, vest

4 terms

Restricted Stock Units financial

"Each restricted stock unit ("RSU") represents the right to receive one common share"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

deferred RSUs financial

"This line reports 100% of the deferred RSUs that were awarded"

separation from service financial

"will be issued to the Reporting Person following the Reporting Person's separation from service"

vest financial

"RSUs reported on this line vest on the first anniversary of the August 31, 2026 award date"

A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What equity award did PMTS director Valerie Soranno Keating receive on August 31, 2026?

She received a grant of 1,135 deferred restricted stock units (RSUs) on August 31, 2026. Each RSU represents the right to receive one share of CPI Card Group Inc. common stock, vesting on the first anniversary of the award date, subject to continued service or the applicable award agreement.

When do the 1,135 new RSUs for PMTS vest and settle?

The 1,135 RSUs vest on the first anniversary of the August 31, 2026 award date, subject to Valerie Soranno Keating’s continued service or the award agreement. The underlying shares of common stock will be issued to her following her separation from service with CPI Card Group Inc.

What happened to Valerie Soranno Keating’s 2025 deferred RSUs at CPI Card Group Inc. (PMTS)?

On August 29, 2026, 1,948 deferred RSUs awarded on August 29, 2025 vested on their first anniversary and were converted into 1,948 shares of common stock, as reported in the Form 4 footnotes.

How many CPI Card Group Inc. (PMTS) common shares does Valerie Soranno Keating hold after these transactions?

Following the conversion of 1,948 deferred RSUs into common stock on August 29, 2026, Valerie Soranno Keating directly holds 36,767 shares of common stock of CPI Card Group Inc., as reported in the Form 4.

Are Valerie Soranno Keating’s new RSUs at PMTS immediately payable in stock?

No. The filing states that these are deferred RSUs. The shares of CPI Card Group Inc. common stock underlying the RSUs will be issued following her separation from service with the company, after they first vest on the schedule described.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

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Available on EDGAR 09/01/2026 - 06:28 PM EDT Accepted by SEC EDGAR 09/01/2026 - 06:27 PM EDT

SEC Form 4

FORM 4

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

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Soranno Keating Valerie

(Last)

(First)

(Middle)

C/O CPI CARD GROUP INC.

10368 WEST CENTENNIAL ROAD

(Street)

LITTLETON

COLORADO

80127

(City)

(State)

(Zip)

UNITED STATES

(Country)

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

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/29/2026

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

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

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

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	08/29/2026		M		1,948	A	⁽¹⁾	36,767	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Stock Units	⁽¹⁾	08/29/2026		M			1,948	⁽²⁾	⁽²⁾	Common Stock	1,948	$0	0	D
Restricted Stock Units⁽³⁾	⁽¹⁾	08/31/2026		A		1,135		⁽⁴⁾	⁽⁴⁾	Common Stock	1,135	$0	1,135	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 line reports 100% of the deferred RSUs that were awarded on the August 29, 2025 award date, which vested on the first anniversary of the award date.

3. This line represents deferred RSUs. The shares of Common Stock underlying these RSUs will be issued to the Reporting Person following the Reporting Person's separation from service with the Issuer.

4. The 1,135 RSUs reported on this line vest on the first anniversary of the August 31, 2026 award date, subject to the reporting person's continued service through such date or as otherwise provided for in the applicable award agreement.

Remarks:

	/s/ Darren Dragovich, attorney-in-fact	09/01/2026
	** 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 4 (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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR