JOHN LOWE - 29 Mar 2024 Form 4/A Insider Report for CPI Card Group Inc. (PMTS)

Role
President and CEO, Director
Signature
/s/ Jessica Browne, attorney-in-fact
Issuer symbol
PMTS
Transactions as of
29 Mar 2024
Net transactions value
-$5,590
Form type
4/A
Filing time
04 Jun 2024, 19:58:50 UTC
Date Of Original Report
02 Apr 2024
Previous filing
26 Jan 2024
Next filing
04 Jun 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PMTS Common Stock Options Exercise +629 +4.9% 13,358 31 Mar 2024 Direct F1
transaction PMTS Common Stock Tax liability $5,590 -313 -2.3% $17.86 13,045 31 Mar 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 +19,409 $0.000000 19,409 29 Mar 2024 Common Stock 19,409 Direct F1, F3
transaction PMTS Restricted Stock Units Options Exercise $0 -629 -100% $0.000000* 0 31 Mar 2024 Common Stock 629 Direct F1, F4
* 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 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.

Remarks:

On April 2, 2024, the reporting person filed a Form 4 which inadvertently checked the box indicating that a transaction reported therein 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). This amended Form 4 is being filed solely to uncheck this box and also re-states, in their entirety and without change, the transactions that were previously reported on the Form 4 filed on April 2, 2024.