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CPI Card (PMTS) HR chief gets 1,831 RSUs and covers taxes with shares

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

CPI Card Group Inc.’s Chief Human Resources Officer Sonya Vollmer reported routine equity compensation activity involving restricted stock units (RSUs) and related tax withholding. On May 29, 2026, she received a grant of 1,831 RSUs, each representing one common share upon vesting, scheduled in three equal installments in 2027, 2028, and 2029, subject to continued service.

Previously granted RSUs vested on May 30 and 31, 2026, resulting in the acquisition of 841 common shares through derivative exercises. To satisfy mandatory tax withholding on these vestings, the issuer withheld 206 common shares at $16.97 per share, which the filing notes was not an open-market sale. After these transactions, Vollmer directly held 8,615 shares of common stock.

Positive

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Insider VOLLMER SONYA
Role Chief Human Resources Officer
Type Security Shares Price Value
Exercise Restricted Stock Units 380 $0.00 --
Exercise Common Stock 380 $0.00 --
Tax Withholding Common Stock 93 $16.97 $2K
Exercise Restricted Stock Units 461 $0.00 --
Exercise Common Stock 461 $0.00 --
Tax Withholding Common Stock 113 $16.97 $2K
Grant/Award Restricted Stock Units 1,831 $0.00 --
Holdings After Transaction: Restricted Stock Units — 380 shares (Direct, null); Common Stock — 8,708 shares (Direct, null)
Footnotes (1)
  1. Each restricted stock unit ("RSU") represents the right to receive one common share of the Issuer upon vesting of such RSU. Shares withheld by Issuer to satisfy the mandatory tax withholding requirement upon vesting of RSUs. Not an open market sale of securities. Represents a restricted stock unit award which vests in three substantially equal installments on May 29, 2027, 2028, and 2029, subject to the reporting person's continued service through such date or as otherwise provided for in the applicable award agreement. This line reports RSUs that were awarded on the May 30, 2025 award date, which vested on the first anniversary of the award date. The remaining RSUs granted on the award date will vest in substantially equal installments on the second and third anniversaries 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. This line reports RSUs that were awarded on the May 31, 2024 award date, which vested in substantially equal installments on the first and second anniversaries of the award date. The remaining RSUs granted on the award date will vest in a substantially equal installment 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.
New RSU grant 1,831 RSUs Awarded May 29, 2026, each for one common share
RSUs exercised into common stock 841 shares Common shares acquired from RSU vesting May 30–31, 2026
Shares withheld for taxes 206 shares Withheld at $16.97 per share to satisfy tax obligations
Withholding reference price $16.97 per share Price used for tax-withholding share value
Post-transaction common shares 8,615 shares Direct CPI Card common stock held after May 31, 2026
RSU exercises count 841 shares exercised Summarized exerciseShares from transactionSummary
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.
mandatory tax withholding requirement financial
"Shares withheld by Issuer to satisfy the mandatory tax withholding requirement upon vesting of RSUs."
grant, award, or other acquisition financial
"Grant, award, or other acquisition"
exercise or conversion of derivative security financial
"Exercise or conversion of derivative security"
open market sale of securities financial
"Not an open market sale of securities."
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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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*
VOLLMER SONYA
(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)
Director10% Owner
XOfficer (give title below)Other (specify below)
Chief Human Resources Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
05/29/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Common Stock05/30/2026M461A(1)8,441D
Common Stock05/30/2026F(2)113D$16.978,328D
Common Stock05/31/2026M380A(1)8,708D
Common Stock05/31/2026F(2)93D$16.978,615D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Units(1)05/29/2026A1,831 (3) (3)Common Stock1,831$01,831D
Restricted Stock Units(1)05/30/2026M461 (4) (4)Common Stock461$0920D
Restricted Stock Units(1)05/31/2026M380 (5) (5)Common Stock380$0380D
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. Shares withheld by Issuer to satisfy the mandatory tax withholding requirement upon vesting of RSUs. Not an open market sale of securities.
3. Represents a restricted stock unit award which vests in three substantially equal installments on May 29, 2027, 2028, and 2029, subject to the reporting person's continued service through such date or as otherwise provided for in the applicable award agreement.
4. This line reports RSUs that were awarded on the May 30, 2025 award date, which vested on the first anniversary of the award date. The remaining RSUs granted on the award date will vest in substantially equal installments on the second and third anniversaries 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.
5. This line reports RSUs that were awarded on the May 31, 2024 award date, which vested in substantially equal installments on the first and second anniversaries of the award date. The remaining RSUs granted on the award date will vest in a substantially equal installment 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.
/s/ Darren Dragovich, attorney-in-fact06/02/2026
** Signature of Reporting PersonDate
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

FAQ

What insider transactions did CPI Card Group (PMTS) report for Sonya Vollmer?

CPI Card Group reported that Chief Human Resources Officer Sonya Vollmer received RSU grants and had RSUs vest into common stock. Some shares were withheld by the company to cover mandatory tax obligations related to these vestings, rather than being sold on the open market.

How many restricted stock units did Sonya Vollmer receive in the latest CPI Card Group (PMTS) Form 4?

Sonya Vollmer received a grant of 1,831 restricted stock units. Each RSU represents the right to receive one CPI Card Group common share upon vesting, in three substantially equal installments in 2027, 2028, and 2029, subject to her continued service with the company.

How many CPI Card Group (PMTS) shares vested and were acquired by Sonya Vollmer?

Previously granted RSUs vested into 841 common shares for Sonya Vollmer. These shares came from RSU awards granted in prior years that reached their vesting dates on May 30 and May 31, 2026, and were settled in CPI Card Group common stock.

Were any of Sonya Vollmer’s CPI Card Group (PMTS) shares sold on the open market?

The filing states that 206 shares were withheld by CPI Card Group to satisfy mandatory tax withholding. It explicitly notes this withholding was not an open-market sale, but a mechanism to cover tax liabilities tied to RSU vesting events.

How many CPI Card Group (PMTS) shares does Sonya Vollmer hold after these transactions?

Following the reported RSU vesting, exercises, and tax-withholding dispositions, Sonya Vollmer directly holds 8,615 shares of CPI Card Group common stock. This figure reflects her updated position after the May 30 and May 31, 2026, transactions disclosed in the Form 4.

How will Sonya Vollmer’s new RSUs in CPI Card Group (PMTS) vest over time?

The new 1,831 RSU award is scheduled to vest in three substantially equal installments on May 29, 2027, 2028, and 2029. Vesting is conditioned on Sonya Vollmer’s continued service or as otherwise provided in the governing award agreement.