Carmignani Donna Abbey 4

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

AI-generated summary of this filing

Updated Jun 2, 2026

CPI Card (PMTS) Controller Donna Carmignani Receives RSUs

What Happened

Donna Carmignani, Controller & Chief Accounting Officer of CPI Card Group (PMTS), had restricted stock units (RSUs) vest and converted into common shares. On May 30, 2026, 299 RSUs converted; on May 31, 2026, 273 RSUs converted (total 572 vested). The issuer withheld 86 shares on 5/30 and 79 shares on 5/31 to satisfy mandatory tax withholding at $16.97 per share (withheld value $1,459 and $1,341, respectively). Net shares delivered to Carmignani from these vestings were 213 (5/30) + 194 (5/31) = 407 shares.
Separately, on May 29, 2026 she was granted 1,191 new RSUs that vest in three substantially equal installments in 2027–2029 (future vesting; no immediate share delivery).

Key Details

Transaction dates: vesting/conversion on 2026-05-30 (299 RSUs) and 2026-05-31 (273 RSUs); grant on 2026-05-29 (1,191 RSUs).
Tax withholding: 86 shares withheld on 5/30 and 79 shares withheld on 5/31 at $16.97/share (total withheld value $2,800).
Net shares received from these vestings: 407 shares (572 vested − 165 withheld).
Footnotes: RSUs convert 1:1 into common shares on vesting (F1); the withheld shares were to satisfy mandatory tax obligations and were not open-market sales (F2). The 1,191 RSU grant vests in three equal installments in 2027–2029 (F3). Other vested RSUs reported were from prior award dates (May 30, 2025 and May 31, 2024) per F4/F5.
Filing timeliness: No late filing flag indicated on the form.

Context

These transactions are compensatory (RSU vestings and a new grant), not open‑market buys or discretionary sales. The withheld-share entries are routine tax withholding (issuer-retained), not sales to third parties.
For retail investors: grants and vestings reflect routine equity compensation; they do not necessarily indicate insider buying or selling sentiment.

Form 4

Period: 2026-05-29

Controller & Chief Acct. Off.

Transactions

Exercise/Conversion
Common Stock
[F1]
2026-05-30+299→ 5,777 total
Tax Payment
Common Stock
[F2]
2026-05-30$16.97/sh−86$1,459→ 5,691 total
Exercise/Conversion
Common Stock
[F1]
2026-05-31+273→ 5,964 total
Tax Payment
Common Stock
[F2]
2026-05-31$16.97/sh−79$1,341→ 5,885 total
Award
Restricted Stock Units
[F1][F3]
2026-05-29+1,191→ 1,191 total
→ Common Stock (1,191 underlying)
Exercise/Conversion
Restricted Stock Units
[F1][F4]
2026-05-30−299→ 594 total
→ Common Stock (299 underlying)
Exercise/Conversion
Restricted Stock Units
[F1][F5]
2026-05-31−273→ 273 total
→ Common Stock (273 underlying)

Footnotes (5)

[F1]Each restricted stock unit ("RSU") represents the right to receive one common share of the Issuer upon vesting of such RSU.
[F2]Shares withheld by Issuer to satisfy the mandatory tax withholding requirement upon vesting of RSUs. Not an open market sale of securities.
[F3]Represents a restricted stock unit award which vests in three substantially equal installments on May 29, 2027, 2028, and 2029, subject to the reporting person's continued service through such date or as otherwise provided for in the applicable award agreement.
[F4]This line reports RSUs that were awarded on the May 30, 2025 award date, which vested on the first anniversary of the award date. The remaining RSUs granted on the award date will vest in substantially equal installments on the second and third anniversaries of the award date, subject to the reporting person's continued service through such date or as otherwise provided for in the applicable award agreement.
[F5]This line reports RSUs that were awarded on the May 31, 2024 award date, which vested in substantially equal installments on the first and second anniversaries of the award date. The remaining RSUs granted on the award date will vest in a substantially equal installment on the third anniversary of the award date, subject to the reporting person's continued service through such date or as otherwise provided for in the applicable award agreement.

Signature

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

2 files