Carmignani Donna Abbey 4

4 · CPI Card Group Inc. · Filed Mar 31, 2026

AI-generated summary of this filing

Updated Mar 31, 2026

CPI Card (PMTS) Controller Donna Carmignani RSUs Vest; Shares Withheld

What Happened

Donna Carmignani, Controller and Chief Accounting Officer of CPI Card Group, had 371 restricted stock units (RSUs convert to common shares) vest on March 29, 2026. Of the 371 vested shares, 104 shares were withheld by the issuer to satisfy mandatory tax withholding (reported as a disposition under code F) at $14.19 per share (≈ $1,476). The net result was delivery of 267 shares to Carmignani. Total value of the 371 vested shares at $14.19 ≈ $5,264 (approximate).

Key Details

Transaction date: 2026-03-29 (reported on Form 4 filed 2026-03-31; timely filing).
Vesting/conversion reported as derivative exercise (code M): 371 RSUs converted to shares.
Tax withholding (code F): 104 shares withheld at $14.19/share for ~$1,476; not an open-market sale.
Net shares delivered to insider: 267 shares (371 vested − 104 withheld).
Footnotes: F1–F3 explain these were RSUs (one RSU = one share), shares were withheld to satisfy tax withholding, and the awards were originally granted March 29, 2024 with a three-year vesting schedule (33.4% / 33.3% / 33.3%).
Shares owned after the transaction: not disclosed in the provided excerpt of the filing.

Context

This is a routine RSU vesting event, not a market purchase or a voluntary sale; withheld shares to cover taxes are common and do not necessarily signal a change in insider sentiment.
The filing shows conversion of RSUs to common shares and withholding to cover tax liability (cashless withholding), which is standard compensation accounting practice.

Form 4

Period: 2026-03-29

Controller & Chief Acct. Off.

Transactions

Exercise/Conversion
Common Stock
[F1]
2026-03-29+371→ 10,288 total
Tax Payment
Common Stock
[F2]
2026-03-29$14.19/sh−104$1,476→ 10,184 total
Exercise/Conversion
Restricted Stock Units
[F1][F3]
2026-03-29−371→ 371 total
→ Common Stock (371 underlying)

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 of RSUs. Not an open market sale of securities.
[F3]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.

Signature

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

2 files