Donna Abbey Carmignani - 31 Mar 2023 Form 4 Insider Report for CPI Card Group Inc. (PMTS)

Role: Controller & Chief Acct. Off.
Signature: /s/ Sarah Kilgore, attorney-in-fact
Issuer symbol: PMTS
Transactions as of: 31 Mar 2023
Net transactions value: -$18,004
Form type: 4
Filing time: 04 Apr 2023, 19:12:47 UTC
Previous filing: 04 Apr 2022
Next filing: 17 May 2023
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		+1,379			1,379	31 Mar 2023	Direct	F1
transaction	PMTS	Common Stock	Tax liability	$18,004	-400	-29%	$45.01	979	31 Mar 2023	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	-1,379	-50%	$0.000000	1,379	31 Mar 2023	Common Stock	1,379		Direct	F1, F3
transaction	PMTS	Restricted Stock Units	Award	$0	+423		$0.000000	423	31 Mar 2023	Common Stock	423		Direct	F1, F4
transaction	PMTS	Stock Option (Right to Buy)	Award	$0	+203		$0.000000	203	31 Mar 2023	Common Stock	203	$45.01	Direct	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 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 March 31, 2022 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.
F4	50% of the RSUs reported on this line vest on the first anniversary of the March 31, 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.
F5	50% of the options reported on this line vest on the first anniversary of the March 31, 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.