JOHN LOWE - 28 Nov 2025 Form 4 Insider Report for CPI Card Group Inc. (PMTS)

Role: President and CEO, Director
Signature: /s/ Darren Dragovich, attorney-in-fact
Issuer symbol: PMTS
Transactions as of: 28 Nov 2025
Net transactions value: -$67,172
Form type: 4
Filing time: 02 Dec 2025, 17:00:13 UTC
Previous filing: 03 Sep 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
LOWE JOHN	President and CEO, Director	C/O CPI CARD GROUP INC., 10368 WEST CENTENNIAL ROAD, LITTLETON	/s/ Darren Dragovich, attorney-in-fact	02 Dec 2025	0001744970

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PMTS	Common Stock	Options Exercise		+4,064	+8.3%		53,031	29 Nov 2025	Direct	F1
transaction	PMTS	Common Stock	Tax liability	$24,156	-1,788	-3.4%	$13.51	51,243	29 Nov 2025	Direct	F2
transaction	PMTS	Common Stock	Options Exercise		+7,239	+14%		58,482	30 Nov 2025	Direct	F1
transaction	PMTS	Common Stock	Tax liability	$43,016	-3,184	-5.4%	$13.51	55,298	30 Nov 2025	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	+31,180		$0.000000	31,180	28 Nov 2025	Common Stock	31,180		Direct	F1, F3
transaction	PMTS	Restricted Stock Units	Options Exercise	$0	-4,064	-33%	$0.000000	8,122	29 Nov 2025	Common Stock	4,064		Direct	F1, F4
transaction	PMTS	Restricted Stock Units	Options Exercise	$0	-1,589	-100%	$0.000000	0	30 Nov 2025	Common Stock	1,589		Direct	F1, F5
transaction	PMTS	Restricted Stock Units	Options Exercise	$0	-5,650	-50%	$0.000000	5,650	30 Nov 2025	Common Stock	5,650		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 November 28, 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 November 29, 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 November 30, 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 November 30, 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.