O'LEARY MARGARET 4

What Happened

• Margaret O'Leary, Chief Commercial Officer of CPI Card Group (PMTS), was awarded 3,342 restricted stock units (RSUs) on May 29, 2026. In connection with RSU vesting from prior awards, 822 RSUs converted to shares on May 30, 2026 and 714 RSUs converted on May 31, 2026 (total 1,536 vested/converted).
• To satisfy mandatory tax withholding on those vesting events, the issuer withheld 237 shares on May 30 and 206 shares on May 31 (443 shares withheld total), at a withholding valuation of $16.97 per share — total tax withholding = $4,022 + $3,496 = $7,518.
• These transactions are award/vesting and conversions of RSUs (derivative transactions); the withheld shares represent tax withholding, not open‑market sales.

Key Details

• Transaction dates: RSU grant 05/29/2026; conversions/vests 05/30/2026 (822 shares) and 05/31/2026 (714 shares).
• Withholding for taxes: 237 shares (05/30) and 206 shares (05/31) at $16.97/share; total withheld value $7,518.
• New award: 3,342 RSUs granted 05/29/2026 (derivative award; $0 exercise price).
• Shares owned after transactions: not specified in the provided filing details.
• Footnotes: RSUs convert 1:1 to common shares on vesting; the withheld shares were used to satisfy mandatory tax withholding (not open‑market sales). Vesting schedules for these and other awards are described in the filing (see footnotes F3–F5).
• Filing: Report filed 06/02/2026; filing date appears timely based on the reported dates.

Context

• These were RSU grants and vesting conversions (derivative transactions). The conversions had an effective exercise/issue price of $0 (RSUs converting to shares); tax withholding was handled by the issuer, which is routine and not an indicia of an open‑market sale.
• The 3,342 RSU grant vests in future installments per the award terms (see footnote), while the vested amounts reported on 05/30 and 05/31 reflect earlier awards reaching their vesting dates.