Darren Dragovich, Chief Legal/Compliance Officer of CPI Card Group Inc., filed a Form 4 on November 3, 2026, disclosing the vesting of restricted stock units and a related share withholding transaction dated October 31, 2026.

Key Highlights

  • RSU vesting: Dragovich acquired 3,488 shares of common stock on October 31, 2026, via an M-coded transaction reflecting the vesting of restricted stock units.
  • Shares withheld for taxes: 1,535 shares were withheld by the issuer at $26.15 per share to satisfy mandatory tax withholding obligations upon vesting; the filing notes this was "not an open market sale of securities."
  • Post-transaction holdings: Following both transactions, Dragovich directly held 5,911 shares of common stock.
  • RSU award origin: According to the filing, the vested RSUs were awarded on October 31, 2024, and vested in substantially equal installments on the first and second anniversaries of that award date.
  • Remaining RSUs: The filing states that the remaining RSUs from the same award will vest in a substantially equal installment on the third anniversary of the award date, subject to continued service or as otherwise provided in the award agreement.
  • Derivative position: Following the transaction, Dragovich held 3,488 RSUs in Table II, reflecting the remaining unvested portion of the original grant, with a derivative security price of $0.

Dragovich RSU Vesting and Tax Withholding Details at CPI Card Group

According to the Form 4 filed with the SEC on November 3, 2026, Darren Dragovich, serving as Chief Legal/Compliance Officer of CPI Card Group Inc. (NASDAQ:PMTS), reported two transactions in common stock on October 31, 2026. The first was an M-coded acquisition of 3,488 shares resulting from the vesting of restricted stock units. Each RSU, the filing explains, "represents the right to receive one common share of the Issuer upon vesting of such RSU."

The second transaction, coded F, involved the disposition of 1,535 shares at a price of $26.15 per share. The filing specifies these shares were "withheld by Issuer to satisfy the mandatory tax withholding requirement upon vesting RSUs" and explicitly states this was "not an open market sale of securities." After both transactions, Dragovich's direct beneficial ownership of common stock stood at 5,911 shares, according to the filing.

The filing also reports that the RSUs vested on October 31, 2026, originated from an award granted on October 31, 2024. Those RSUs vested in substantially equal installments on the first and second anniversaries of the award date. The filing notes the remaining RSUs under that same grant 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." Following the vesting, 3,488 RSUs remain outstanding in Table II as directly held derivative securities.

What Was Disclosed

Darren Dragovich, Chief Legal/Compliance Officer of CPI Card Group Inc., disclosed the vesting of 3,488 RSUs and the withholding of 1,535 shares at $26.15 for tax purposes on October 31, 2026, leaving him with 5,911 directly held common shares.