Soranno Keating Valerie 4

What Happened

• Valerie Soranno, a director of CPI Card Group (PMTS), received a grant of 1,907 restricted stock units (RSUs) on May 29, 2026 (award value reported $0.00).
• On May 30, 2026, 1,393 previously awarded RSUs vested and were converted (exercise/conversion of derivative) into shares; those 1,393 shares were immediately reported as disposed (both the acquisition and disposition are shown with $0.00 or N/A values in the filing).

Key Details

• Transaction dates: Award on 2026-05-29 (1,907 RSUs, $0.00); conversion/settlement on 2026-05-30 (1,393 RSUs converted and 1,393 shares disposed, $0.00/N/A).
• Values reported: $0.00 or N/A for the derivative transactions in this filing (typical for RSU awards/settlements in Form 4 reporting).
• Shares owned after the transactions: not specified in the supplied data.
• Filing date / timeliness: Form 4 filed 2026-06-02 (covers transactions through May 30, 2026); no late-filing flag provided in the supplied info.
• Relevant footnotes from the filing:
  • F1: Each RSU represents the right to one common share upon vesting.
  • F2: Some RSUs are deferred; shares underlying deferred RSUs will be issued following the reporting person’s separation from service.
  • F3: The 1,907 RSUs awarded 5/29/2026 vest on the first anniversary of the award date, subject to continued service.
  • F4: The 1,393 RSUs converted/settled on 5/30/2026 were deferred RSUs awarded 5/30/2025 and vested on their first anniversary.

Context

• RSUs are rights to receive shares once they vest; "exercise/conversion of derivative" here means vested RSUs were settled into actual shares. The immediate disposition of the 1,393 shares is commonly a routine settlement step (for example, to satisfy tax-withholding obligations or to sell vested shares), and does not by itself indicate the insider’s market view.
• These entries reflect standard equity compensation activity for a director rather than an open-market buy or sell order.