Mallela Ravi 4

4 · CPI Card Group Inc. · Filed Jun 2, 2026

AI-generated summary of this filing

Updated Jun 2, 2026

CPI Card (PMTS) Director Ravi Mallela Receives RSUs, Converts 1,393

What Happened

Director Ravi Mallela received a grant of 1,907 restricted stock units (RSUs) on 2026-05-29 (awarded at $0.00). The filing also shows 1,393 RSUs from a prior award that vested and were converted/exercised on 2026-05-30; the conversion/disposition entries report $0 proceeds.
These transactions are derivative-related (RSUs). The filing does not report cash received from the 1,393-share conversion or show a cash sale price.

Key Details

Transaction dates: RSU award 2026-05-29; conversion/vesting reported 2026-05-30.
Prices/values: Award recorded at $0.00; conversion/disposition entries report $0.00 proceeds (no sale proceeds disclosed).
Shares owned after transaction: Not specified in the provided filing excerpt.
Footnotes:
- F1: Each RSU represents the right to one common share upon vesting.
- F2: The 1,907 RSUs vest on the first anniversary of the 2026-05-29 award (subject to continued service or award terms).
- F3: The 1,393 RSUs converted on 2026-05-30 were the full amount of an award dated 2025-05-30 that vested on its first anniversary.
Filing date: Form 4 filed 2026-06-02 (transaction dates 2026-05-29 / 05-30). The filing excerpt does not indicate late filing or a 10b5-1 plan.

Context

These are RSU-related derivative events: RSUs convert into common shares when they vest. The form shows conversion and an immediate disposition entry with $0 proceeds; the filing does not specify whether shares were withheld for taxes, sold, or otherwise transferred.
Awards and vesting events are typically compensation-related and not necessarily a market sentiment signal.

Form 4

Period: 2026-05-29

Director

Transactions

Exercise/Conversion
Common Stock
[F1]
2026-05-30+1,393→ 9,523 total
Award
Restricted Stock Units
[F1][F2]
2026-05-29+1,907→ 1,907 total
→ Common Stock (1,907 underlying)
Exercise/Conversion
Restricted Stock Units
[F1][F3]
2026-05-30−1,393→ 0 total
→ Common Stock (1,393 underlying)

Footnotes (3)

[F1]Each restricted stock unit ("RSU") represents the right to receive one common share of the Issuer upon vesting of such RSU.
[F2]The 1,907 RSUs reported on this line vest on the first anniversary of the May 29, 2026 award date, subject to the reporting person's continued service through such date or as otherwise provided for in the applicable award agreement.
[F3]This line reports 100% of the RSUs that were awarded on the May 30, 2025 award date, which vested on the first anniversary of the award date.

Signature

Darren Dragovich, attorney-in-fact|2026-06-02

2 files