O'LEARY MARGARET 4

What Happened Margaret O'Leary, Chief Commercial Officer of CPI Card Group Inc. (PMTS), had 970 restricted stock units (RSUs) vest/convert into 970 common shares on March 29, 2026. To satisfy the mandatory tax withholding, the issuer withheld 279 of those shares at a deemed value of $14.19 per share, totaling $3,959. After withholding, O'Leary received a net 691 shares. This was a compensation vesting event (award conversion), not an open‑market sale or a purchase.

Key Details

• Transaction date: March 29, 2026; Form 4 filed March 31, 2026 (filed within the typical 2-business-day window).
• Converted/issued: 970 shares upon RSU vesting (reported as exercise/conversion of derivative, code M).
• Withheld for taxes: 279 shares disposed under code F at $14.19/share, value $3,959 (not an open‑market sale).
• Net shares delivered to insider: 970 − 279 = 691 shares.
• Footnotes: F1 defines RSUs as rights to receive one common share upon vesting; F2 confirms shares were withheld to satisfy mandatory tax withholding; F3 notes the RSUs were part of an award granted Mar 29, 2024 with multi‑year vesting schedule.
• Shares owned after transaction: Not specified in the provided excerpt.

Context RSU vesting and share withholding for taxes are routine forms of employee compensation and do not necessarily indicate a buy/sell signal. The withholding to cover tax liability is common and is not an open‑market sale.