Cpi Card Group SEC Filings

Mallela Ravi, a director of CPI Card Group Inc. (PMTS), reported changes in beneficial ownership tied to restricted stock units. The filing shows 924 RSUs vested from an August 30, 2024 award and a grant of 1,948 RSUs awarded August 29, 2025 that vest on the first anniversary of that award subject to continued service. After the reported transactions, the reporting person beneficially owns 6,149 shares of common stock. The disclosure is a Section 16 Form 4 reporting officer/director equity awards and vesting; it does not state any cash proceeds or public-market sales.

John Lowe, President, CEO and a director of CPI Card Group Inc. (PMTS), reported multiple restricted stock unit (RSU) vesting events and related share transactions between 08/29/2025 and 08/31/2025. The filing shows an award of 26,106 RSUs on 08/29/2025 and vesting-related acquisitions of common stock: 4,133 shares acquired on 08/30/2025 and 5,067 shares acquired on 08/31/2025. The issuer withheld 1,818 and 2,230 shares on 08/30/2025 and 08/31/2025, respectively, to satisfy mandatory tax withholding at a reported price of $15.58 per share. The latest reported total beneficial ownership shown is 51,197 common shares (direct). Vesting schedules are described: typical 33.4%/33.3%/33.3% or staged vesting for prior awards.

Valerie Soranno Keating, a director of CPI Card Group Inc. (ticker PMTS), reported equity award activity on Form 4. The filing shows the grant and vesting of restricted stock units (RSUs): 1,948 RSUs were awarded on August 29, 2025 (each RSU converts to one common share upon vesting) and are scheduled to vest on the first anniversary of that award date subject to continued service. The filing also reports 924 RSUs from an August 30, 2024 award that vested on its 12-month anniversary and were acquired on August 30, 2025. Following the reported transactions, the reporting person beneficially owned 31,445 shares. The Form 4 was signed by an attorney-in-fact on September 3, 2025.

Thomas Furey, a director of CPI Card Group Inc. (Ticker: PMTS), reported equity award activity on Form 4. The filing shows restricted stock units (RSUs) awarded and vesting events dated August 29, 2025 and August 30, 2025. The Form reports 1,948 RSUs awarded on August 29, 2025 that vest on the first anniversary of that award, and 924 deferred RSUs (awarded August 30, 2024) that vested on the 12‑month anniversary. The filing indicates the RSUs convert into common shares on vesting and shows 1,948 common shares beneficially owned following the August 29 line and 0 following the August 30 reported vesting line. Transactions are reported as acquisitions at a $0 price consistent with typical RSU settlement terms.

The Form 4 shows that director Ravi Mallela acquired 623 shares of CPI Card Group Inc. (PMTS) on 08/14/2025 at a reported price of $16.11 per share. After this purchase, the reporting person beneficially owned 5,225 shares. The filing was signed by an attorney-in-fact, Darren Dragovich.

Riley H Sanford, identified as a director and non-executive chairman of CPI Card Group Inc. (PMTS), reported an open-market purchase of 10,000 shares of the issuer on 08/12/2025 at a weighted average price of $15.75. The report discloses a price range of $15.66 to $15.81 and states the reporter will provide, on request, the number of shares bought at each separate price.

Following the transaction the filing shows 31,033 shares held directly and 9,500 held indirectly through 10031696 Manitoba Ltd., for combined beneficial ownership of 40,533 shares. The transaction is recorded with transaction code "P." The filing provides transaction specifics but does not state the issuer's total shares outstanding or the transaction's percentage ownership effect.

CPI Card Group (PMTS) Q2-25 10-Q highlights

• Revenue: Q2 net sales rose 9.2% YoY to $129.8 M; 1H-25 up 9.4% to $252.5 M, led by Debit & Credit (+15.9% YoY).
• Profitability: Q2 gross margin compressed to 30.9% (-4.8 pp); operating income fell 37% to $9.4 M; net income plunged 91% to $0.5 M (EPS $0.04 vs $0.51). 1H net income declined 54% to $5.3 M.
• Drivers: Higher material costs, $2.3 M Arroweye acquisition costs, and a 24% jump in interest expense (10% senior notes issued Jul-24) pressured earnings. Effective tax rate spiked to 61.4% due to non-deductible items.
• Cash & leverage: Operating cash flow improved to $9.9 M, but cash fell to $17.1 M after $42.4 M Arroweye purchase and $9.1 M capex. Long-term debt rose to $310.9 M; net debt/EBITDA now ~4.4×.
• Balance sheet: Total assets +14% to $399.8 M; stockholders’ deficit narrowed to $(29.0) M. Goodwill/intangibles up $13.5 M from Arroweye.
• Segments: Q2 Debit & Credit gross profit $34.6 M (+1.4% YoY) with 31.3% margin; Prepaid Debit margin slipped to 28.5%.
• Subsequent events: ABL revolver upsized to $100 M (from $75 M) on 2-Jul-25; $20 M of senior notes redeemed at 103% on 15-Jul-25.
• Outlook factors: Integration of Arroweye, shift to point-in-time revenue recognition, elevated interest costs, and leverage management will influence forward earnings.

CPI Card Group Inc. (PMTS) filed a Form 8-K on 8 Aug 2025 to furnish its second-quarter 2025 earnings information. Under Item 2.02, the company attached Exhibit 99.1, a press release summarizing results for the quarter ended 30 Jun 2025. Under Item 7.01, management—CEO John Lowe and CFO Jeffrey Hochstadt—will host a public conference call and webcast on the same day, supported by the slide presentation in Exhibit 99.2. The filing also lists Exhibit 104, the cover-page Inline XBRL data.

The company explicitly states that the materials furnished under Items 2.02 and 7.01 are not deemed “filed” for purposes of the Exchange Act and may not be incorporated by reference in future filings unless specifically noted. No financial metrics, guidance or transaction details appear within the 8-K itself; investors must review the attached exhibits or listen to the webcast for quantitative results.