CPI Card Group (PMTS) HR chief vests RSUs and withholds shares for taxes

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

CPI Card Group Inc.'s Chief Human Resources Officer Sonya Vollmer reported equity compensation activity in company stock. On June 9, 2026 she exercised 1,184 Restricted Stock Units, receiving the same number of common shares. The company withheld 379 shares at $18.48 solely to cover mandatory tax obligations, which was not an open‑market sale. Following these transactions, she holds 9,420 common shares directly.

Insider Trade Summary

1,184 shares exercised/converted

Mixed 3 txns

Insider VOLLMER SONYA

Role Chief Human Resources Officer

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	1,184	$0.00	--
Exercise	Common Stock	1,184	$0.00	--
Tax Withholding	Common Stock	379	$18.48	$7K

Holdings After Transaction: Restricted Stock Units — 0 shares (Direct, null); Common Stock — 9,799 shares (Direct, null)

Footnotes (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. This line reports RSUs that were awarded on the June 9, 2023 award date, which vested in substantially equal installments on the first, second and third anniversaries of the award date.

Key Figures

Shares withheld for taxes: 379 shares at $18.48 RSUs converted: 1,184 RSUs Common shares held after: 9,420 shares +2 more

5 metrics

Shares withheld for taxes 379 shares at $18.48 Mandatory tax withholding on RSU vesting, June 9, 2026

RSUs converted 1,184 RSUs Converted into 1,184 common shares on June 9, 2026

Common shares held after 9,420 shares Direct ownership after transactions

RSU derivative balance after 0 RSUs Reported RSUs after conversion transaction

Exercise/Conversion price $0.00 per RSU RSUs converted into common stock at no cash exercise price

Key Terms

Restricted Stock Units, tax withholding, derivative security, Form 4

4 terms

Restricted Stock Units financial

"This line reports RSUs that were awarded on the June 9, 2023 award date"

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.

tax withholding financial

"Shares withheld by Issuer to satisfy the mandatory tax withholding requirement upon vesting of RSUs."

Tax withholding is the practice of taking a portion of a payment—such as wages, dividends, or sale proceeds—before it reaches the recipient and sending that portion to the tax authority as an advance on the recipient’s eventual tax bill. For investors it matters because withholding reduces immediate cash received and affects after‑tax returns, estimated tax payments, and whether you may owe more or receive a refund when taxes are finally calculated, like having a small automatic savings set aside for your tax bill.

derivative security financial

"transaction_code_description: Exercise or conversion of derivative security"

A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.

Form 4 regulatory

"INSIDER FILING DATA (Form 4):"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

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Form 4 Insider Transactions: What Each Field Means →

06/11/2026 - 04:16 PM

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^*

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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/09/2026

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	06/09/2026		M		1,184	A	⁽¹⁾	9,799	D
Common Stock	06/09/2026		F⁽²⁾		379	D	$18.48	9,420	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⁾	06/09/2026		M			1,184	⁽³⁾	⁽³⁾	Common Stock	1,184	$0	0	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. Shares withheld by Issuer to satisfy the mandatory tax withholding requirement upon vesting of RSUs. Not an open market sale of securities.

3. This line reports RSUs that were awarded on the June 9, 2023 award date, which vested in substantially equal installments on the first, second and third anniversaries of the award date.

	/s/ Darren Dragovich, attorney-in-fact	06/11/2026
	** 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

FAQ

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

CPI Card Group’s Chief Human Resources Officer Sonya Vollmer exercised 1,184 Restricted Stock Units into common stock and had 379 shares withheld to cover taxes. These transactions are compensation-related rather than open-market trades and leave her holding 9,420 common shares directly.

Were CPI Card Group PMTS shares sold on the open market in this Form 4?

No, the 379 CPI Card Group shares were withheld by the company to satisfy mandatory tax withholding on vested RSUs. The footnotes clarify this was not an open-market sale, but an automatic tax-related disposition tied to equity compensation.

How many CPI Card Group shares did Sonya Vollmer acquire through RSU vesting?

Sonya Vollmer acquired 1,184 CPI Card Group common shares when an equal number of Restricted Stock Units vested and converted. Each RSU represents the right to receive one common share upon vesting, so the vesting event directly increased her common stock holdings.

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

After the June 9, 2026 equity transactions, Sonya Vollmer directly holds 9,420 CPI Card Group common shares. This figure reflects her position after both the RSU conversion into common stock and the share withholding used to satisfy mandatory tax obligations.

What does transaction code F mean in the CPI Card Group Form 4?

Transaction code F indicates shares were disposed of to pay the exercise price or tax liability on an equity award. In this case, 379 CPI Card Group shares were withheld by the issuer for mandatory tax withholding when RSUs vested, not sold in the market.

What does transaction code M represent for CPI Card Group RSUs?

Transaction code M represents the exercise or conversion of a derivative security, such as Restricted Stock Units, into common stock. For CPI Card Group, 1,184 RSUs converted into 1,184 common shares when they vested, eliminating that RSU balance and increasing share ownership.