Thompson Anntoinette 4

What Happened

• Anntoinette Thompson, Chief Operating Officer of CPI Card Group (PMTS), had 717 restricted stock units (RSUs convert/vest) on March 29, 2026. The vesting used a conversion/exercise filing (code M) and the company withheld 211 shares to satisfy mandatory tax withholding at $14.19/share (code F), totaling $2,994 withheld. Net shares issued to Thompson were 506. The RSU conversion/vesting shows an implied total value of the vested shares of about $10,174 (717 × $14.19).

Key Details

• Transaction date: 2026-03-29; Filing date: 2026-03-31 (Form 4 filed timely).
• Actions reported: M = conversion/exercise of derivative (RSU vesting) for 717 shares; F = shares withheld for tax withholding, 211 shares at $14.19 ($2,994).
• Net shares delivered: 506 (717 vested − 211 withheld).
• Shares owned after transaction: not specified in the provided filing excerpt.
• Footnotes: F1 = each RSU converts to one common share on vesting; F2 = shares withheld to satisfy mandatory tax withholding (not an open-market sale); F3 = these RSUs were part of an award granted 2024-03-29 with staggered vesting (33.4% first anniversary, 33.3% second, 33.3% third).

Context

• This was a routine equity-compensation vesting event, not an open-market purchase or sale. Withholding of shares to cover taxes is common (a cashless/withholding settlement) and does not necessarily indicate insider sentiment about the stock. The filing shows no cash paid for exercise (exercise price $0.00), consistent with RSU vesting rather than option exercise. Exhibit listed: Power of Attorney (Exhibit 24).