Riley H Sanford 4

What Happened Riley H. Sanford, Director and Non‑Executive Chairman of CPI Card Group, received a grant of 2,164 restricted stock units (RSUs) and had 1,072 RSUs vest/convert into common shares on March 31, 2026. All reported transactions show $0 per share (typical for RSU grants and vesting), so no cash purchase or open‑market sale occurred. The filing reports both an award (A) of RSUs and exercise/conversion (M) entries reflecting vesting/settlement of RSU‑based derivatives.

Key Details

• Transaction date: March 31, 2026; Form 4 filed April 2, 2026 (appears timely).
• Reported items:
  • Grant (A): 2,164 RSUs @ $0.00 (awarded)
  • Exercise/conversion (M): 1,072 shares acquired @ N/A (derivative conversion)
  • Exercise/conversion (M): 1,072 shares disposed @ $0.00 (derivative settlement)
• Shares owned after the transactions: not specified in the provided filing.
• Footnotes of note:
  • F1: Each RSU equals the right to receive one common share upon vesting.
  • F2: One line represents deferred RSUs that will be issued following the reporting person’s separation from service.
  • F3: The 2,164 RSUs vest on the first anniversary of the March 31, 2026 award (subject to continued service).
  • F4: The 1,072 RSUs were deferred RSUs awarded March 31, 2025 and vested on their 12‑month anniversary.
• Exhibit included: Exhibit 24 — Power of Attorney.

Context RSU grants and vesting are routine executive compensation events and do not reflect open‑market buying or selling. The “M” transaction code indicates conversion/exercise of a derivative (here, RSU settlement), and the $0 per‑share value is normal for RSU awards/vestings (no cash exchanged at grant/settlement). This filing does not indicate a 10% owner transaction, a 10b5‑1 plan, or a cash sale of shares to the market.