Lane Dubin - Sep 21, 2022 Form 4 Insider Report for CPI Card Group Inc. (PMTS)

Role: SVP & GM of Pers., Ppd. & Iss.
Signature: /s/ Sarah Kilgore, attorney-in-fact
Stock symbol: PMTS
Transactions as of: Sep 21, 2022
Transactions value $: -$14,231
Form type: 4
Date filed: 9/23/2022, 06:15 PM
Previous filing: Sep 23, 2021
Next filing: Oct 4, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PMTS	Common Stock	Options Exercise		+2.64K	+62.9%		6.82K	Sep 21, 2022	Direct	F1
transaction	PMTS	Common Stock	Tax liability	-$14.2K	-749	-10.98%	$19.00	6.08K	Sep 21, 2022	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	Options Exercise	$0	-2.64K	-50%	$0.00	2.64K	Sep 21, 2022	Common Stock	2.64K		Direct	F1, 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 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	This line reports 50% of the RSUs that were awarded on the September 21, 2021 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.