VOLLMER SONYA 4

What Happened Sonya Vollmer, Chief Human Resources Officer of CPI Card Group (PMTS), had 517 restricted stock units (RSUs vest) on March 29, 2026. Of the 517 vested RSUs, 126 shares were withheld by the issuer to satisfy mandatory tax withholding at $14.19 per share (total tax withholding $1,788). The net result is approximately 391 shares delivered to Vollmer. This was a vesting/settlement of equity compensation (not an open-market purchase or sale).

Key Details

• Transaction date: 2026-03-29; Form 4 filed: 2026-03-31.
• RSUs vesting reported: 517 shares; shares withheld for taxes: 126 at $14.19 each = $1,788.
• Net shares delivered to insider: ~391 (517 vested − 126 withheld).
• Transaction codes: M = exercise/conversion of derivative (RSU conversion to shares); F = shares withheld to cover tax liability (not an open-market sale).
• Footnotes: F1 defines each RSU = 1 common share; F2 confirms withholding is issuer withholding (not a market sale); F3 notes these RSUs were originally awarded 3/29/2024 with a multi-year vesting schedule (33.4% first anniversary, 33.3% second, 33.3% third).
• Shares owned after the transaction: not stated in the provided filing excerpt.
• Filing timeliness: Report filed within two business days of the vesting date (not indicated as late).

Context This filing reflects routine equity compensation vesting and settlement (conversion of RSUs to shares with net share withholding for taxes). Because withholding was handled by the issuer, the withheld shares are not an open-market sale and do not necessarily signal a change in the insider’s view of the company.