CPI Card Group (NASDAQ: PMTS) HR chief nets shares after RSU vesting and tax withholding

Rhea-AI Filing Summary

CPI Card Group Inc. Chief Human Resources Officer Sonya Vollmer reported routine equity compensation activity involving restricted stock units. On March 29, 2026, 517 restricted stock units converted into 517 common shares upon vesting. To cover mandatory taxes, 126 common shares were withheld by the company at $14.19 per share, leaving her with 7,712 common shares held directly after the transactions. These events reflect standard RSU vesting, not open-market buying or selling.

Insider Trade Summary

517 shares exercised/converted

Mixed 3 txns

Insider VOLLMER SONYA

Role Chief Human Resources Officer

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	517	$0.00	--
Exercise	Common Stock	517	$0.00	--
Tax Withholding	Common Stock	126	$14.19	$2K

Holdings After Transaction: Restricted Stock Units — 517 shares (Direct); Common Stock — 7,838 shares (Direct)

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. This line reports RSUs awarded on March 29, 2024, of which 33.4% vested on the first anniversary of the award date, 33.3% vested 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.

Key Figures

RSUs vested and exercised: 517 units/shares Shares withheld for taxes: 126 shares Withholding price: $14.19 per share +3 more

6 metrics

RSUs vested and exercised 517 units/shares Restricted stock units converting into common stock on March 29, 2026

Shares withheld for taxes 126 shares Mandatory tax withholding on vested RSUs

Withholding price $14.19 per share Value used for tax-withholding share disposition

Shares held after transactions 7,712 shares Direct common stock holdings following RSU vesting and tax withholding

RSU award grant date March 29, 2024 Original grant date of RSUs that partially vested

RSU vesting schedule 33.4% / 33.3% / 33.3% Vesting across first, second, and third anniversaries of grant

Key Terms

Restricted Stock Units, mandatory tax withholding, vesting, exercise or conversion of derivative security, +1 more

5 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 financial

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

vesting financial

"of which 33.4% vested on the first anniversary of the award date"

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.

exercise or conversion of derivative security financial

"transaction_code_description: Exercise or conversion of derivative security"

tax-withholding disposition financial

"transaction_action: tax-withholding disposition"

A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.

Form 4 Insider Transactions: What Each Field Means →

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)
03/29/2026

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	03/29/2026		M		517	A	(1)	7,838	D
Common Stock	03/29/2026		F(2)		126	D	$14.19	7,712	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)	03/29/2026		M			517	(3)	(3)	Common Stock	517	$0	517	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 awarded on March 29, 2024, of which 33.4% vested on the first anniversary of the award date, 33.3% vested 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.

Remarks:

Exhibit List: Exhibit 24 - Power of Attorney

	/s/ Darren Dragovich, attorney-in-fact	03/31/2026
	** 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)

FAQ

What insider transaction did PMTS executive Sonya Vollmer report?

Sonya Vollmer reported the vesting and conversion of 517 restricted stock units into 517 common shares. As part of this routine equity compensation event, some shares were automatically withheld to cover taxes, and no open-market purchases or sales were involved.

How many CPI Card Group (PMTS) shares did Sonya Vollmer receive from RSU vesting?

She received 517 common shares upon vesting of an equal number of restricted stock units. Each RSU represented the right to receive one common share of CPI Card Group when vesting conditions were satisfied under the original March 29, 2024 award agreement.

How many PMTS shares were withheld for taxes in this Form 4 filing?

A total of 126 common shares were withheld to satisfy mandatory tax withholding obligations. These shares were valued at $14.19 per share and are explicitly described as not being an open-market sale, but an automatic tax-withholding mechanism by the issuer.

What are Sonya Vollmer’s PMTS holdings after these transactions?

After the reported RSU vesting and related tax withholding, Sonya Vollmer directly holds 7,712 common shares of CPI Card Group. This figure reflects the net position following receipt of vested shares and the automatic share withholding used to satisfy tax obligations.

Were the PMTS insider transactions open-market buys or sells?

No, the transactions were not open-market buys or sells. They involved RSU vesting, conversion into common stock, and share withholding for taxes. The filing states the withheld shares were used to meet mandatory tax requirements, not to execute a market sale.