Sarah Elizabeth Williams - Mar 29, 2024 Form 4 Insider Report for CPI Card Group Inc. (PMTS)

Role
Chief Technology Officer
Signature
/s/ Jessica Browne, attorney-in-fact
Stock symbol
PMTS
Transactions as of
Mar 29, 2024
Transactions value $
-$1,250
Form type
4
Date filed
4/2/2024, 08:36 PM
Previous filing
Dec 4, 2023
Next filing
Jun 4, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PMTS Common Stock Options Exercise +235 +4.05% 6.04K Mar 31, 2024 Direct F1
transaction PMTS Common Stock Tax liability -$1.25K -70 -1.16% $17.86 5.97K Mar 31, 2024 Direct F2

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 +1.23K $0.00 1.23K Mar 29, 2024 Common Stock 1.23K Direct F1, F3
transaction PMTS Restricted Stock Units Options Exercise $0 -235 -100% $0.00* 0 Mar 31, 2024 Common Stock 235 Direct F1, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

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 Shares withheld by Issuer to satisfy the mandatory tax withholding requirement upon vesting of RSUs. Not an open market sale of securities.
F3 33.4% of the RSUs reported on this line vest on the first anniversary of the March 29, 2024 award date, 33.3% will vest on the second anniversary of the award date, and 33.3% will vest on the third 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.
F4 This line reports 50% of the RSUs that were awarded on the March 31, 2023 award date, which vested on the first anniversary of the award date. The remaining 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.