VOLLMER SONYA 4

What Happened
Sonya Vollmer, Chief Human Resources Officer of CPI Card Group, received a grant/vesting of 1,831 restricted stock units (RSUs) on May 29, 2026. Portions of those RSUs converted to common shares on May 30–31, 2026, and the issuer withheld 206 shares to satisfy mandatory tax withholding, representing cash tax withholdings of $1,918 (113 shares at $16.97) and $1,578 (93 shares at $16.97), a total of $3,496. The filing reports the RSU award (derivative) and the subsequent conversion/withholding; the withheld shares were not an open-market sale.

Key Details

• Transaction dates: RSU award recorded 2026-05-29; conversions/vesting reported 2026-05-30 and 2026-05-31.
• Tax withholding: 113 shares withheld on May 30 for $1,918; 93 shares withheld on May 31 for $1,578. Withholding price shown as $16.97/share. Total withheld value ≈ $3,496.
• Units involved: 1,831 RSUs granted/reported as derivative (F1). Conversion lines report 461 and 380 shares on May 30–31 (net delivery details shown in filing).
• Footnotes: F1–F5 explain RSU = one common share on vesting, withholding to satisfy mandatory tax obligations (F2), and multi-year vesting schedules for awards from 2024–2025.
• Filing timeliness: Report filed 2026-06-02 for transactions in late May 2026; filing appears timely (within the Form 4 reporting window).
• Shares owned after transaction: not specified in the provided excerpt.

Context
These entries reflect RSU vesting and mandatory tax withholding (transaction codes M = exercise/conversion of a derivative; F = payment of exercise price or tax liability). The withholding is a common, administrative action to cover tax obligations and is not an open-market sale — it does not necessarily signal a bearish view by the insider. The award includes multi-year vesting schedules (see F3–F5) for remaining installments.