CPI Card Group legal chief acquires 3,488 shares

CPI Card Group Inc. (PMTS) Chief Legal/Compliance Officer Darren Dragovich converted 3,488 restricted stock units into common shares on October 31, 2026.

Available on EDGAR 11/03/2026 - 07:43 PM EST Accepted by SEC EDGAR 11/03/2026 - 07:42 PM EST

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Form Type

Rhea-AI Filing Summary

CPI Card Group Inc. (PMTS) Chief Legal/Compliance Officer Darren Dragovich converted 3,488 restricted stock units into common shares on October 31, 2026. The derivative entry reports 3,488 RSUs following the transaction. The company also withheld 1,535 common shares, reported at $26.15 per share, to satisfy mandatory tax withholding upon vesting; this was not an open-market sale. Remaining RSUs from the October 31, 2024 award are scheduled to vest in a substantially equal installment on the third anniversary, subject to continued service or the award agreement.

Insider Trade Summary

3,488 shares exercised/converted

Exercise 3 txns

Insider Dragovich Darren

Role Chief Legal/Compliance Officer

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units ^{F1, F3}	3,488	$0.00	$0.00
Exercise	Common Stock ^F1	3,488	--	--
Tax Withholding	Common Stock ^F2	1,535	$26.15	$40K

Holdings After Transaction: Restricted Stock Units — 3,488 contracts (Direct); Common Stock — 5,911 shares (Direct)

Holdings Before and After: Restricted Stock Units, 6,976 to 3,488 contracts (Direct); Common Stock, 3,958 to 5,911 shares (Direct)

Footnotes (3)

F1. Each restricted stock unit ("RSU") represents the right to receive one common share of the Issuer upon vesting of such RSU.
F2. Shares withheld by Issuer to satisfy the mandatory tax withholding requirement upon vesting RSUs. Not an open market sale of securities.
F3. This line reports RSUs that were awarded on the October 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.

Key Figures

Common shares acquired upon RSU conversion: 3,488 shares Shares withheld for mandatory tax withholding: 1,535 shares Reported price per share: $26.15 per share +1 more

4 metrics

Common shares acquired upon RSU conversion 3,488 shares October 31, 2026

Shares withheld for mandatory tax withholding 1,535 shares October 31, 2026

Reported price per share $26.15 per share Shares withheld for mandatory tax withholding on October 31, 2026

RSUs following transaction 3,488 RSUs Post-transaction amount reported for the derivative security

Key Terms

restricted stock unit ("RSU"), vesting, mandatory tax withholding requirement

3 terms

restricted stock unit ("RSU") technical

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

vesting technical

"upon vesting of such RSU"

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.

mandatory tax withholding requirement financial

"satisfy the mandatory tax withholding requirement upon vesting RSUs"

FAQ

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

How many shares did CPI Card Group's chief legal/compliance officer receive from RSUs?

Darren Dragovich received 3,488 common shares upon conversion of RSUs on October 31, 2026. Another 1,535 shares were withheld at a reported $26.15 per share to satisfy mandatory tax withholding, rather than sold in the open market.

When do CPI Card Group's remaining RSUs vest?

The remaining RSUs from the October 31, 2024 award are to vest in a substantially equal installment on the third anniversary, subject to continued service through that date or as otherwise provided in the award agreement.

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

Form 4 Insider Transactions: What Each Field Means →

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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^*

Dragovich Darren

(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 Legal/Compliance Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
10/31/2026

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	10/31/2026		M		3,488	A	⁽¹⁾	7,446	D
Common Stock	10/31/2026		F⁽²⁾		1,535	D	$26.15	5,911	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⁾	10/31/2026		M			3,488	⁽³⁾	⁽³⁾	Common Stock	3,488	$0	3,488	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 RSUs. Not an open market sale of securities.

3. This line reports RSUs that were awarded on the October 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.

Remarks:

	/s/ Darren Dragovich, attorney-in-fact	11/03/2026
	** 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