VOLLMER SONYA 4

What Happened
Sonya Vollmer, Chief Human Resources Officer of CPI Card Group (PMTS), had 1,184 restricted stock units (RSUs) vest on June 9, 2026. The issuer withheld 379 shares to satisfy mandatory tax withholding at $18.48/share (value $7,004). The gross value of the 1,184 vested shares was about $21,880 (1,184 × $18.48), leaving a net issuance of approximately 805 shares worth roughly $14,876. This was a routine vesting of compensation, not an open‑market purchase or sale by the insider.

Key Details

• Transaction date: 2026-06-09; Form 4 filed 2026-06-11 (appears timely; Form 4 is generally due within two business days).
• Vesting/conversion reported as derivative exercise/conversion (code M); tax withholding reported as code F.
• Withheld shares: 379 × $18.48 = $7,004 (shares withheld by issuer to satisfy taxes — not an open‑market sale).
• Gross value of vested RSUs: ≈ $21,880; net shares issued: ≈ 805 (net value ≈ $14,876).
• Shares owned after the transaction: not specified in the provided filing excerpt.
• Footnotes: F1–F3 confirm these were RSUs (one RSU = one share), withheld shares were for mandatory tax withholding, and the RSUs were awarded on 2023-06-09 with vesting in substantially equal installments on the first, second and third anniversaries.

Context
This filing reports RSU vesting — the conversion of restricted stock units into common shares — and a common cashless tax withholding where the company retains shares instead of selling them on the open market. Because this is compensation vesting (not a discretionary buy or open‑market sale), it should be viewed as routine executive compensation rather than a direct signal of insider buying or selling intent.