O'LEARY MARGARET 4

4 · CPI Card Group Inc. · Filed Jun 11, 2026

AI-generated summary of this filing

Updated Jun 11, 2026

CPI Card Group (PMTS) CCO Margaret O'Leary Exercises RSUs

What Happened

Margaret O'Leary, Chief Commercial Officer of CPI Card Group (PMTS), had 2,229 restricted stock units (RSUs) convert to common shares on June 9, 2026. To satisfy mandatory tax withholding, 641 of those shares were withheld by the issuer at an indicated value of $18.48 per share (totaling $11,846). The remaining shares were retained by O'Leary. This was a vesting/conversion event, not an open-market sale.

Key Details

Transaction date: 2026-06-09 (reported on Form 4 filed 2026-06-11 — timely filing).
Primary actions reported: conversion/exercise of derivative (code M) for 2,229 RSUs; tax withholding (code F) of 641 shares at $18.48/share, $11,846 total.
Shares owned after transaction: not specified in the provided filing details.
Footnotes: F1—each RSU equals one common share upon vesting; F2—shares were withheld to satisfy mandatory tax withholding (not an open-market sale); F3—these RSUs were awarded on June 9, 2023 and vest in substantially equal installments on the first, second, and third anniversaries.
Filing timeliness: filed within two business days of the transaction (no late filing indicated).

Context

This is a routine vesting and net-settlement/tax-withholding of RSUs (common for employee equity compensation). Because shares were withheld by the issuer to cover taxes, this should not be interpreted as a signal of market selling — it is an administrative disposition to meet tax obligations.

Form 4

Period: 2026-06-09

Chief Commercial Officer

Transactions

Exercise/Conversion
Common Stock
[F1]
2026-06-09+2,229→ 30,905 total
Tax Payment
Common Stock
[F2]
2026-06-09$18.48/sh−641$11,846→ 30,264 total
Exercise/Conversion
Restricted Stock Units
[F1][F3]
2026-06-09−2,229→ 0 total
→ Common Stock (2,229 underlying)

Holdings

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]Shares withheld by Issuer to satisfy the mandatory tax withholding requirement upon vesting of RSUs. Not an open market sale of securities.
[F3]This line reports RSUs that were awarded on the June 9, 2023 award date, which vested in substantially equal installments on the first, second and third anniversaries of the award date.

Signature

/s/ Darren Dragovich, attorney-in-fact|2026-06-11

1 file