CPI Card Group CHRO reports RSU grant and vesting

Chief Human Resources Officer Sonya Vollmer reported RSU-related equity activity at CPI Card Group Inc. On August 29, 2025 she received a grant of 1,931 RSUs.

Rhea-AI Filing Summary

Chief Human Resources Officer Sonya Vollmer reported RSU-related equity activity at CPI Card Group Inc. On August 29, 2025 she received a grant of 1,931 RSUs. On August 30–31, 2025, 2,095 RSUs vested into common shares, and 671 shares were delivered to the issuer to cover mandatory tax withholding at $15.58 per share, not through open market sales. Following these transactions she directly holds 3,308 RSUs and 5,169 common shares.

Insights

Securities Analyst

TL;DR Routine executive RSU vesting with shares withheld for taxes; no evidence of open-market sales.

The Form 4 documents time-based restricted stock units vesting for the Chief Human Resources Officer and director, producing common shares and mandatory tax withholdings rather than voluntary market sales. The filing includes specific share counts and a withholding price of $15.58 for two withholding events on 08/30/2025. These are compensation-related equity events and, absent other disclosures, are typically neutral to corporate fundamentals though they dilute outstanding shares incrementally.

Corporate Governance Expert

TL;DR Compensation delivery via RSU vesting follows scheduled vesting terms; disclosure is complete and conforms to Section 16 reporting.

The report details vesting schedules (annual tranches of 33.4%/33.3%/33.3% or 50%/remaining) tied to service conditions. Mandatory tax-withholding was handled by share retention rather than open-market sale, which is common and reduces transactional signaling. The form is signed and dated and specifies role and relationship to the issuer, meeting filing requirements.

Insider Trade Summary

2,095 shares exercised/converted

Exercise 8 txns

Insider VOLLMER SONYA

Role Chief Human Resources Officer

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	387	$0.00	$0.00
Exercise	Restricted Stock Units	1,377	$0.00	$0.00
Exercise	Common Stock	1,764	$0.00	$0.00
Exercise Price or Tax Liability	Common Stock	565	$15.58	$9K
Exercise	Restricted Stock Unit	331	$0.00	$0.00
Exercise	Common Stock	331	$0.00	$0.00
Exercise Price or Tax Liability	Common Stock	106	$15.58	$2K
Grant/Award	Restricted Stock Units	1,931	$0.00	$0.00

Holdings After Transaction: Restricted Stock Units — 3,308 contracts (Direct); Restricted Stock Unit — 660 contracts (Direct); Common Stock — 5,169 shares (Direct)

Footnotes (6)

1. F1. Each restricted stock unit ("RSU") represents the right to receive one common share of the Issuer upon vesting of such RSU.
2. F2. Shares withheld by Issuer to satisfy the mandatory tax withholding requirement upon vesting of RSUs. Not an open market sale of securities.
3. F3. 33.4% of the RSUs reported on this line vest on the first anniversary of the August 29, 2025 award date, 33.3% will vest on the second anniversary of the award date, and 33.3% will vest 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.
4. F4. This line reports 33.4% of the RSUs that were awarded on the August 30, 2024 award date, which vested on the first anniversary of the award date. The subsequent 33.3% will vest on the second anniversary of the award date, and the remaining 33.3% will vest 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.
5. F5. This line reports the remaining 50% of the RSUs that were awarded on the August 31, 2023 award date, which vested on the second anniversary of the award date.
6. F6. This line reports 33.3% of the RSUs that were awarded on the August 31, 2023 award date, which vested on the second anniversary of the award date. The remaining 33.3% will vest 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.

Key Figures

RSU grant: 1,931 RSUs RSUs vested: 2,095 RSUs Tax withholding shares: 671 shares +3 more

6 metrics

RSU grant 1,931 RSUs Grant to CHRO Sonya Vollmer on August 29, 2025

RSUs vested 2,095 RSUs Total RSUs exercised/converted on August 30–31, 2025

Tax withholding shares 671 shares Shares delivered to issuer to satisfy tax withholding related to RSU vesting

Tax withholding price $15.58 per share Per-share value for tax-withholding dispositions on August 30–31, 2025

RSU holdings 3,308 RSUs Direct RSU holdings following reported transactions

Common stock holdings 5,169 shares Direct common stock holdings following reported transactions

Key Terms

Restricted Stock Units, mandatory tax withholding requirement, vesting, derivative security

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.

mandatory tax withholding requirement financial

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

vesting financial

"33.4% of the RSUs reported on this line vest on the first anniversary"

Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.

derivative security financial

"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.

FAQ

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

What insider transactions did PMTS Chief Human Resources Officer Sonya Vollmer report?

Sonya Vollmer reported RSU-related transactions, including a grant of 1,931 RSUs on August 29, 2025 and the vesting of 2,095 RSUs into common shares on August 30–31, 2025, plus shares delivered to the issuer for tax withholding.

How many RSUs were granted to Sonya Vollmer in the latest PMTS Form 4?

The filing shows a grant of 1,931 Restricted Stock Units (RSUs) to Sonya Vollmer on August 29, 2025. Each RSU represents the right to receive one common share of CPI Card Group Inc. upon vesting, according to the accompanying footnote disclosure.

How many PMTS shares were withheld for taxes in Sonya Vollmer’s Form 4?

A total of 671 common shares were delivered to the issuer to satisfy mandatory tax withholding obligations tied to RSU vesting, at a value of $15.58 per share. The footnotes clarify these were not open market sales of securities.

What are Sonya Vollmer’s post-transaction holdings in PMTS stock and RSUs?

After the reported transactions, Sonya Vollmer directly holds 3,308 RSUs and 5,169 common shares of CPI Card Group Inc. These balances reflect RSU grants, vesting into shares, and shares delivered back to the issuer for tax withholding requirements.

Did Sonya Vollmer sell PMTS shares in the open market according to this Form 4?

The filing indicates tax-withholding dispositions of 671 shares, with shares delivered to CPI Card Group Inc. to satisfy mandatory withholding at $15.58 per share. Footnotes explicitly state these are not open market sales of securities.

How are Sonya Vollmer’s PMTS RSUs scheduled to vest over time?

Footnotes describe RSU awards vesting in tranches of approximately 33.4%, 33.3%, and 33.3% on successive anniversaries of their award dates, subject to her continued service or conditions in the applicable award agreement.

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

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Accepted by SEC EDGAR 09/03/2025 - 05:20 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^*

VOLLMER SONYA

(Last) (First) (Middle)

C/O CPI CARD GROUP INC.

10368 WEST CENTENNIAL ROAD

(Street)

LITTLETON CO 80127

(City) (State) (Zip)

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

3. Date of Earliest Transaction (Month/Day/Year)
08/29/2025

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

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

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

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	08/30/2025		M		331	A	(1)	4,076	D
Common Stock	08/30/2025		F(2)		106	D	$15.58	3,970	D
Common Stock	08/31/2025		M		1,764	A	(1)	5,734	D
Common Stock	08/31/2025		F(2)		565	D	$15.58	5,169	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	(1)	08/29/2025		A		1,931		(3)	(3)	Common Stock	1,931	$0	1,931	D
Restricted Stock Unit	(1)	08/30/2025		M			331	(4)	(4)	Common Stock	331	$0	660	D
Restricted Stock Units	(1)	08/31/2025		M			387	(5)	(5)	Common Stock	387	$0	0	D
Restricted Stock Units	(1)	08/31/2025		M			1,377	(6)	(6)	Common Stock	1,377	$0	1,377	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. 33.4% of the RSUs reported on this line vest on the first anniversary of the August 29, 2025 award date, 33.3% will vest on the second anniversary of the award date, and 33.3% will vest 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.

4. This line reports 33.4% of the RSUs that were awarded on the August 30, 2024 award date, which vested on the first anniversary of the award date. The subsequent 33.3% will vest on the second anniversary of the award date, and the remaining 33.3% will vest 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.

5. This line reports the remaining 50% of the RSUs that were awarded on the August 31, 2023 award date, which vested on the second anniversary of the award date.

6. This line reports 33.3% of the RSUs that were awarded on the August 31, 2023 award date, which vested on the second anniversary of the award date. The remaining 33.3% will vest 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-fact	09/03/2025
	** 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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