CPI Card major holder buys 525K shares at $21.50

A 10% beneficial owner group increased its CPI Card Group Inc. holdings to over 2.7 million shares through a sizable open-market or private purchase.

Rhea-AI Filing Summary

CPI Card Group Inc. (PMTS) reported that major shareholder Tricor PMT25 Holdings Inc. purchased 525,000 shares of common stock on September 14, 2026 at $21.50 per share. Following this open-market or private transaction, Tricor PMT25 Holdings Inc. holds 2,701,056 shares, owned indirectly by its 100% parent Tricor Pacific Capital Inc. A related individual, Roderick R. Senft, disclaims beneficial ownership of these shares, and no Rule 10b5-1 trading plan is reported.

Insider Trade Summary

Net Buyer: 525,000 shares

Net Buy 1 txn

Insider Tricor PMT25 Holdings Inc., Tricor Pacific Capital Inc.

Role 10% Owner | 10% Owner

Bought 525,000 shs ($11.29M)

Type	Security	Shares	Price	Value
Purchase	Common Stock F1	525,000	$21.50	$11.29M

Holdings After Transaction: Common Stock — 2,701,056 shares (Direct)

Footnotes (1)

1. F1. All 2,701,056 shares reported on this line ("Shares") are owned directly by Tricor PMT25 Holdings Inc. and owned indirectly by its 100% parent 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.

Key Figures

Shares purchased: 525,000 shares Purchase price per share: $21.50 per share Approximate transaction value: $11.29 million +1 more

4 metrics

Shares purchased 525,000 shares Common stock purchased on September 14, 2026

Purchase price per share $21.50 per share Price reported for the September 14, 2026 transaction

Approximate transaction value $11.29 million 525,000 shares multiplied by $21.50 per share

Shares held after transaction 2,701,056 shares Total CPI Card Group Inc. shares held by Tricor PMT25 Holdings Inc. after the purchase

Key Terms

beneficial ownership, Family Office, ten percent owner

3 terms

beneficial ownership financial

"Mr. Senft disclaims beneficial ownership of the Shares."

Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.

Family Office financial

"Tricor is a Family Office that holds, directly and indirectly, a portfolio"

A family office is a private organization that manages the financial affairs, investments and often day-to-day wealth needs of one wealthy family or a small number of families, acting like a household’s dedicated finance team. It matters to investors because family offices can move large amounts of capital quietly and for the long term—choosing investments, buying firms or funding startups—which can influence market prices, deal availability and how businesses are run.

ten percent owner financial

"Tricor PMT25 Holdings Inc. is reported as a ten percent owner"

FAQ

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

What insider transaction did PMTS disclose in this Form 4?

PMTS disclosed that Tricor PMT25 Holdings Inc. purchased 525,000 shares of CPI Card Group Inc. common stock on September 14, 2026 at $21.50 per share in an open-market or private transaction.

How many PMTS shares does Tricor PMT25 Holdings Inc. own after this transaction?

After the purchase, Tricor PMT25 Holdings Inc. holds 2,701,056 shares of CPI Card Group Inc. common stock. These shares are owned directly by Tricor PMT25 Holdings Inc. and indirectly by its 100% parent, Tricor Pacific Capital Inc.

What is the approximate dollar value of the recent PMTS share purchase?

The purchase of 525,000 shares at $21.50 per share represents an aggregate value of about $11.29 million, based on multiplying the reported shares by the reported per-share purchase price.

Who ultimately controls voting and investment decisions for these PMTS shares?

Voting and investment decisions for the 2,701,056 CPI Card Group Inc. shares are made by or at the direction of Tricor Pacific Capital Inc.’s board of directors, which includes Roderick R. Senft and five other members.

Does Roderick R. Senft claim beneficial ownership of the PMTS shares held by Tricor?

No. The filing states that Roderick R. Senft disclaims beneficial ownership of the CPI Card Group Inc. shares held through Tricor PMT25 Holdings Inc. and Tricor Pacific Capital Inc.

Was the PMTS insider transaction executed under a Rule 10b5-1 trading plan?

No. The Form 4 indicates that the Rule 10b5-1 checkbox is not marked, so no Rule 10b5-1 trading plan is reported for this 525,000-share purchase of CPI Card Group Inc. stock.

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

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Available on EDGAR 09/14/2026 - 07:57 PM Accepted by SEC EDGAR 09/14/2026 - 07:56 PM Learn about SEC filing dates

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^*

Tricor PMT25 Holdings Inc.

(Last) (First) (Middle)

401 WEST GEORGIA ST,

SUITE 1858

(Street)

VANCOUVER V6B5A1

(City) (State) (Zip)

BRITISH COLUMBIA, CANADA

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/14/2026

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

	Form filed by One Reporting Person
X	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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	09/14/2026		P		525,000	A	$21.5	2,701,056	D(1)

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)
				Code	V	(A)	(D)	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 V6B5A1

(City) (State) (Zip)

BRITISH COLUMBIA, CANADA

(Country)

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 V6B5A1

(City) (State) (Zip)

BRITISH COLUMBIA, CANADA

(Country)

Relationship of Reporting Person(s) to Issuer

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

Explanation of Responses:

1. All 2,701,056 shares reported on this line ("Shares") are owned directly by Tricor PMT25 Holdings Inc. and owned indirectly by its 100% parent 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.

	Tricor PMT25 Holdings Inc., By: /s/ Shawn Lewis	09/14/2026
	Tricor Pacific Capital Inc., By: /s/ Shawn Lewis	09/14/2026
	** 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)