Margaret O'Leary - 29 Aug 2025 Form 4 Insider Report for CPI Card Group Inc. (PMTS)

Role: EVP, Prepaid & Digital Solut.
Signature: /s/ Darren Dragovich, attorney-in-fact
Issuer symbol: PMTS
Transactions as of: 29 Aug 2025
Net transactions value: -$17,683
Form type: 4
Filing time: 03 Sep 2025, 17:19:27 UTC
Previous filing: 11 Jun 2025
Next filing: 02 Dec 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
O'LEARY MARGARET	EVP, Prepaid & Digital Solut.	C/O CPI CARD GROUP INC., 10368 WEST CENTENNIAL ROAD, LITTLETON	/s/ Darren Dragovich, attorney-in-fact	03 Sep 2025	0001957887

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PMTS	Common Stock	Options Exercise		+621	+3.1%		20,441	30 Aug 2025	Direct	F1
transaction	PMTS	Common Stock	Tax liability	$2,789	-179	-0.88%	$15.58	20,262	30 Aug 2025	Direct	F2
transaction	PMTS	Common Stock	Options Exercise		+3,321	+16%		23,583	31 Aug 2025	Direct	F1
transaction	PMTS	Common Stock	Tax liability	$14,894	-956	-4.1%	$15.58	22,627	31 Aug 2025	Direct	F2
holding	PMTS	Common Stock						500	29 Aug 2025	By Spouse

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	+3,446		$0.000000	3,446	29 Aug 2025	Common Stock	3,446		Direct	F1, F3
transaction	PMTS	Restricted Stock Units	Options Exercise	$0	-621	-33%	$0.000000	1,238	30 Aug 2025	Common Stock	621		Direct	F1, F4
transaction	PMTS	Restricted Stock Units	Options Exercise	$0	-729	-100%	$0.000000	0	31 Aug 2025	Common Stock	729		Direct	F1, F5
transaction	PMTS	Restricted Stock Units	Options Exercise	$0	-2,592	-50%	$0.000000	2,592	31 Aug 2025	Common Stock	2,592		Direct	F1, F6

* 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 29, 2025 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 33.4% of the RSUs that were awarded on the August 30, 2024 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.
F5	This line reports the remaining 50% of the RSUs that were awarded on the August 31, 2023 award date, which vested on the second anniversary of the award date.
F6	This line reports 33.3% of the RSUs that were awarded on the August 31, 2023 award date, which vested on the second anniversary of the award date. 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.