JOHN LOWE - 30 Aug 2024 Form 4 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
30 Aug 2024
Net transactions value
-$63,867
Form type
4
Filing time
04 Sep 2024, 19:25:41 UTC
Previous filing
11 Jun 2024
Next filing
03 Dec 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 +5,069 +33% 20,479 31 Aug 2024 Direct F1
transaction PMTS Common Stock Tax liability $63,867 -2,230 -11% $28.64 18,249 31 Aug 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 +12,393 $0.000000 12,393 30 Aug 2024 Common Stock 12,393 Direct F1, F3
transaction PMTS Restricted Stock Units Options Exercise $0 -1,113 -50% $0.000000 1,112 31 Aug 2024 Common Stock 1,113 Direct F1, F4
transaction PMTS Restricted Stock Units Options Exercise $0 -3,956 -33% $0.000000 7,910 31 Aug 2024 Common Stock 3,956 Direct F1, F5
* 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 August 30, 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 August 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.
F5 This line reports 33.4 % of the RSUs that were awarded on the August 31, 2023 award date, which vested on the first anniversary of the award date. The subsequent 33.3% will vest on the second anniversary of the award date, and the remaining 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.