CPI Card (PMTS) Chief Legal Officer Darren Dragovich Receives RSUs

What Happened

• Darren Dragovich, Chief Legal and Compliance Officer of CPI Card Group (PMTS), had 785 restricted stock units (RSUs vest) on Aug 29, 2026. Of those vested shares, 346 were withheld by the issuer to satisfy tax withholding at $28.83 per share (total value $9,975). The remaining 439 shares were delivered to him net of withholding.
• Separately, on Aug 31, 2026 Dragovich received a new RSU award for 1,361 shares that will vest in three substantially equal installments on Aug 31, 2027, 2028 and 2029 (subject to continued service).

Key Details

• Transaction dates: Aug 29, 2026 (vesting/conversion and tax withholding); Aug 31, 2026 (new RSU grant).
• Tax withholding: 346 shares withheld at $28.83 = $9,975 (this was not an open-market sale).
• Net shares received from the Aug 29 vesting: 439 shares (785 vested − 346 withheld).
• New award: 1,361 RSUs granted on Aug 31, 2026; vests in three installments (2027–2029).
• Footnotes: RSUs represent the right to one common share on vesting; the vested 785 RSUs were from the Aug 29, 2025 award date (first-anniversary vesting); the 1,361 RSU award vests over 2027–2029.
• Filing: Form 4 filed Sep 1, 2026; no late filing is indicated in the reported data.

Context

• These transactions are ordinary equity compensation events (RSU vesting and a subsequent RSU grant), not open-market purchases or sales. Withholding of shares to cover taxes is a common administrative step and should not be read as a market sale by the insider.
• The new 1,361 RSU grant is a future-vesting award and does not add immediate tradable shares.