SHEINBAUM MARC 4

What Happened

• Marc Sheinbaum, a director of CPI Card Group, received a grant of 2,164 restricted stock units (RSUs) on March 31, 2026 (reported as an award, $0 cash). The filing also reports 1,072 RSUs were converted/exercised into shares and those 1,072 shares were disposed on the same date; both the conversion and the disposal show $0 cash value in the Form 4.
• Total reported cash consideration for the transactions is $0 (these are derivative/RSU transactions, not open-market purchases or typical cash sales). The filing includes a Power of Attorney as Exhibit 24.

Key Details

• Transaction date: March 31, 2026; Form 4 filed April 2, 2026.
• Grant: 2,164 RSUs awarded at $0.00 (deferred RSUs; see footnotes).
• Conversion/Disposition: 1,072 RSUs converted/exercised into shares and 1,072 shares disposed; both reported at $0.00.
• Shares owned after the reported transactions: not specified in the filing.
• Footnotes:
  • F1: Each RSU equals the right to one common share upon vesting.
  • F2: Some RSUs are deferred and will be issued following separation from service.
  • F3: The 2,164 RSUs vest on the first anniversary of the 3/31/2026 award, subject to continued service (i.e., vest on 3/31/2027 if service conditions met).
  • F4: The 1,072 RSUs reported as converted/disposed were deferred RSUs awarded on 3/31/2025 that vested on their 12‑month anniversary.
• Filing timeliness: Form was filed April 2, 2026; the filing does not indicate a late filing.

Context

• RSUs are derivative awards that convert to common shares upon vesting. This filing reports an award of deferred RSUs (future vesting) and the conversion/disposition of previously vested deferred RSUs—not a market buy or a standard cash sale.
• Because the converted shares show $0 proceeds in the filing, no cash sale amount is reported; the filing does not state the reason for the disposition (e.g., tax withholding or sale).