Scott Scheirman - Nov 30, 2023 Form 4 Insider Report for CPI Card Group Inc. (PMTS)

Role
President & CEO, Director
Signature
/s/ Jessica Browne, attorney-in-fact
Stock symbol
PMTS
Transactions as of
Nov 30, 2023
Transactions value $
$0
Form type
4
Date filed
12/4/2023, 08:10 PM
Previous filing
Sep 22, 2023

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction PMTS Restricted Stock Units Award $0 +52.5K $0.00 52.5K Nov 30, 2023 Common Stock 52.5K Direct F1, F2
transaction PMTS Stock Option (Right to Buy) Award $0 +35.8K $0.00 35.8K Nov 30, 2023 Common Stock 35.8K $17.79 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit ("RSU") represents the right to receive one common share of the Issuer upon vesting of such RSU.
F2 50% of the RSUs reported on this line vest on the first anniversary of the November 30, 2023 award date, and 50% will vest on the second 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.
F3 50% of the options reported on this line vest on the first anniversary of the November 30, 2023 award date, and 50% will vest on the second 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. The options that vest on the first anniversary of the award date expire on November 30, 2027, and the options that vest on the second anniversary of the award date expire on November 30, 2028.