Jeffrey A. Hochstadt - Nov 28, 2025 Form 4 Insider Report for CPI Card Group Inc. (PMTS)

Role: Chief Financial Officer
Signature: /s/ Darren Dragovich, attorney-in-fact
Stock symbol: PMTS
Transactions as of: Nov 28, 2025
Transactions value $: -$23,453
Form type: 4
Date filed: 12/2/2025, 05:04 PM
Previous filing: Sep 3, 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Hochstadt Jeffrey	Chief Financial Officer	C/O CPI CARD GROUP INC., 10368 WEST CENTENNIAL ROAD, LITTLETON	/s/ Darren Dragovich, attorney-in-fact	2025-12-02	0001977773

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PMTS	Common Stock	Options Exercise		+1.02K	+5.01%		21.4K	Nov 29, 2025	Direct	F1
transaction	PMTS	Common Stock	Tax liability	-$3.97K	-294	-1.37%	$13.51	21.1K	Nov 29, 2025	Direct	F2
transaction	PMTS	Common Stock	Options Exercise		+5.01K	+23.75%		26.1K	Nov 30, 2025	Direct	F1
transaction	PMTS	Common Stock	Tax liability	-$19.5K	-1.44K	-5.52%	$13.51	24.7K	Nov 30, 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	+7.17K		$0.00	7.17K	Nov 28, 2025	Common Stock	7.17K		Direct	F1, F3
transaction	PMTS	Restricted Stock Units	Options Exercise	$0	-1.02K	-33.36%	$0.00	2.04K	Nov 29, 2025	Common Stock	1.02K		Direct	F1, F4
transaction	PMTS	Restricted Stock Units	Options Exercise	$0	-1.49K	-100%	$0.00	0	Nov 30, 2025	Common Stock	1.49K		Direct	F1, F5
transaction	PMTS	Restricted Stock Units	Options Exercise	$0	-3.53K	-50%	$0.00	3.53K	Nov 30, 2025	Common Stock	3.53K		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.