O'LEARY MARGARET 4

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.