# EDGAR Filing Document

**Accession Number:** 0001641614
**File Stem:** 0001641614-26-000004
**Filing Date:** 2026-3
**Character Count:** 14243
**Document Hash:** f611464c10047c273600fb258e769255
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001641614-26-000004.hdr.sgml**: 20260306

**ACCESSION NUMBER**: 0001641614-26-000004

**CONFORMED SUBMISSION TYPE**: 3

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260213

**FILED AS OF DATE**: 20260306

**DATE AS OF CHANGE**: 20260306

**REPORTING-OWNER**: 

**OWNER DATA:**
- **COMPANY CONFORMED NAME:** Dixon Robert Michael
- **CENTRAL INDEX KEY:** 0002116673

**ORGANIZATION NAME:**

**FILING VALUES:**
- **FORM TYPE:** 3
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-37584
- **FILM NUMBER:** 26732799

**MAIL ADDRESS:**
- **STREET 1:** 500 INLET WOODS CT
- **CITY:** ALPHARETTA
- **STATE:** GA
- **ZIP:** 30005
**ISSUER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** CPI Card Group Inc.
- **CENTRAL INDEX KEY:** 0001641614
- **STANDARD INDUSTRIAL CLASSIFICATION:** COMMERCIAL PRINTING [2750]
- **ORGANIZATION NAME:** 04 Manufacturing
- **EIN:** 260344657
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**BUSINESS ADDRESS:**
- **STREET 1:** 10368 WEST CENTENNIAL RD
- **CITY:** LITTLETON
- **STATE:** CO
- **ZIP:** 80127
- **BUSINESS PHONE:** (303) 862-2065

**MAIL ADDRESS:**
- **STREET 1:** 10368 WEST CENTENNIAL RD
- **CITY:** LITTLETON
- **STATE:** CO
- **ZIP:** 80127

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** CPI Holdings I, Inc.
- **DATE OF NAME CHANGE:** 20150506

## Ex-24

```

POWER OF ATTORNEY
	Know all by these presents, that the undersigned hereby
constitutes and appoints each of Darren Dragovich and
Cornelia DiCenso, signing singly, the undersigneds true and
lawful attorney-in-fact to-
1. Execute for and on behalf of the undersigned, in the undersigneds
capacity as an officer and/or director of CPI Card Group Inc. (the Company),
Forms 3, 4 and 5 in accordance with Section 16(a) of the Securities Exchange
Act of 1934 and the rules and regulations promulgated thereunder, and the
initial insider report, subsequent insider reports and all other forms and
Reports if required to be filed on SEDI in accordance with National Instrument
55-102-System for Electronic Disclosure by Insiders (SEDI) and National
Instrument 55-104-Insider Reporting Requirements and Exemptions
(collectively, the Canadian Insider Reports);
2. Do and perform any and all acts for and on behalf of the undersigned
which may be necessary or desirable to complete and execute any such
Form 3, 4, 5 or Canadian Insider Reports, complete and execute any amendment
or amendments thereto and timely file such form with the United States
Securities and Exchange Commission, any national quotation system, national
securities exchange, stock exchange or similar authority and on SEDI; and
3. Take any other action of any type whatsoever in connection with the
foregoing which, in the opinion of such attorney-in-fact, may be of benefit
to, in the best interest of or legally required by the undersigned, it being
understood that the documents executed by such attorney-in-fact on behalf of
the undersigned pursuant to this Power of Attorney shall be in such form and
shall contain such terms and conditions as such attorney-in-fact may approve
in such attorney-in-facts discretion.
	The undersigned hereby grants to the attorney-in-fact full power and
authority to do and perform any and every act and thing whatsoever requisite,
necessary or proper to be done in the exercise of any of the rights and
powers herein granted, as fully to all intents and purposes as the
undersigned might or could do if personally present, with full power of
substitution or revocation, hereby ratifying and confirming all that such
attorney-in-fact, or such attorney-in-facts substitute or substitutes,
shall lawfully do or cause to be done by virtue of this Power of Attorney
and the rights and powers herein granted. The undersigned acknowledges
that the foregoing attorney-in-fact, in serving in such capacity at the
request of the undersigned, are not assuming, nor is the Company assuming,
any of the undersigneds responsibilities to comply with Section 16 of the
Securities Exchange Act of 1934 or the applicable Canadian securities
legislation.
	This Power of Attorney shall remain in full force and effect until
the undersigned is no longer required to file Forms 3, 4, 5 and Canadian
Insider Reports with respect to the undersigneds holdings of and
transactions in securities issued by the Company, unless earlier revoked
by the undersigned in a signed writing delivered to the foregoing
attorney-in-fact.
	IN WITNESS WHEREOF, the undersigned has caused this
Power of Attorney to be executed as of this 6th day of March, 2026.
/s/ Robert Michael Dixon
Signature
Robert Michael Dixon
Print Name

```

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## FORM 3

### INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

---

| | | |
|:---|:---|:---|
| **1. Name and Address of Reporting Person**<sup>*</sup><br>Dixon Robert Michael<br><sub>(Last) (First) (Middle)</sub><br>10368 WEST CENTENNIAL ROAD<br><sub>(Street)</sub><br>LITTLETON, CO 80127<br><sub>(City) (State) (Zip)</sub> | **3. Issuer Name and Ticker or Trading Symbol**<br>CPI Card Group Inc. [ PMTS ] | **5. If Amendment, Date of Original Filed (Month/Day/Year)**<br>  |
| **2. Date of Event Requiring Statement (Month/Day/Year)**<br>2026-02-13 | **4. Relationship of Reporting Person(s) to Issuer**<br>(Check all applicable)<br>[ ] Director   [ ] 10% Owner<br>[X] Officer (give title below)   [ ] Other (specify below)<br>_Chief Digital Officer_ | **6. Individual or Joint/Group Filing (Check Applicable Line)**<br>[X] Form filed by One Reporting Person<br>[ ] Form filed by More than One Reporting Person |

---

## Table I - Non-Derivative Securities Beneficially Owned

---

|  |  |  |  |
| --- | --- | --- | --- |
| 1. Title of Security | 2. Amount of Securities Beneficially Owned | 3. Ownership Form | 4. Nature of Indirect Beneficial Ownership |
| Common Stock | 7548 | D |  |

---

## Table II - Derivative Securities Beneficially Owned

---

|  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Derivative Security | 2. Date Exercisable and Expiration Date (Month/Day/Year) | 2. Date Exercisable and Expiration Date (Month/Day/Year) | 3. Title and Amount of Underlying Securities | 3. Title and Amount of Underlying Securities | 4. Conversion or Exercise Price | 5. Ownership Form | 6. Nature of Indirect Beneficial Ownership |
| 1. Title of Derivative Security | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | 4. Conversion or Exercise Price | 5. Ownership Form | 6. Nature of Indirect Beneficial Ownership |
| Stock Option (Right to Buy) | <sup>(2)</sup> | 2028-09-21 | Common Stock | 942 | $29.62 | D |  |
| Stock Option (Right to Buy) | <sup>(3)</sup> | 2029-09-30 | Common Stock | 1293 | $15.76 | D |  |
| Restricted Stock Units | <sup>(4)</sup> | <sup>(4)</sup> | Common Stock | 636 | <sup>(1)</sup> | D |  |
| Restricted Stock Units | <sup>(5)</sup> | <sup>(5)</sup> | Common Stock | 740 | <sup>(1)</sup> | D |  |
| Restricted Stock Units | <sup>(6)</sup> | <sup>(6)</sup> | Common Stock | 1057 | <sup>(1)</sup> | D |  |
| Restricted Stock Units | <sup>(7)</sup> | <sup>(7)</sup> | Common Stock | 484 | <sup>(1)</sup> | D |  |
| Restricted Stock Units | <sup>(8)</sup> | <sup>(8)</sup> | Common Stock | 356 | <sup>(1)</sup> | D |  |
| Restricted Stock Units | <sup>(9)</sup> | <sup>(9)</sup> | Common Stock | 308 | <sup>(1)</sup> | D |  |
| Restriced Stock Units | <sup>(10)</sup> | <sup>(10)</sup> | Common Stock | 608 | <sup>(1)</sup> | D |  |
| Restricted Stock Units | <sup>(11)</sup> | <sup>(11)</sup> | Common Stock | 2228 | <sup>(1)</sup> | D |  |
| Restricted Stock Units | <sup>(12)</sup> | <sup>(12)</sup> | Common Stock | 862 | <sup>(1)</sup> | D |  |
| Restricted Stock Units | <sup>(13)</sup> | <sup>(13)</sup> | Common Stock | 1120 | <sup>(1)</sup> | D |  |
| Restricted Stock Units | <sup>(14)</sup> | <sup>(14)</sup> | Common Stock | 1566 | <sup>(1)</sup> | D |  |
| Restricted Stock Units | <sup>(15)</sup> | <sup>(15)</sup> | Common Stock | 1870 | <sup>(1)</sup> | D |  |

---

### Footnotes:

(1) Each restricted stock unit ("RSU") represents the right to receive one common share of the Issuer upon vesting of such RSU.

(2) This option vested in two equal annual installments beginning on September 21, 2022.

(3) This option vested in two equal annual installments beginning on September 30, 2023.

(4) This line reports RSUs awarded on June 9, 2023, of which 33.4% vested on the first anniversary of the award date, 33.3% vested 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.

(5) This line reports RSUs awarded on August 31, 2023, of which 33.4% vested on the first anniversary of the award date, 33.3% vested 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.

(6) This line reports RSUs awarded on November 30, 2023, of which 33.4% vested on the first anniversary of the award date, 33.3% vested 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.

(7) This line reports RSUs awarded on March 29, 2024, of which 33.4% vested on the first anniversary of the award date, 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.

(8) This line reports RSUs awarded on May 31, 2024, of which 33.4% vested on the first anniversary of the award date, 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.

(9) This line reports RSUs awarded on August 30, 2024, of which 33.4% vested on the first anniversary of the award date, 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.

(10) This line reports RSUs awarded on November 29, 2024, of which 33.4% vested on the first anniversary of the award date, 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.

(11) This line reports RSUs awarded on December 31, 2024, of which 33.4% vested on the first anniversary of the award date, 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.

(12) This line reports RSUs awarded on March 31, 2025, of which 33.4% will vest on the first anniversary of the award date, 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.

(13) This line reports RSUs awarded on May 30, 2025, of which 33.4% will vest on the first anniversary of the award date, 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.

(14) This line reports RSUs awarded on August 29, 2025, of which 33.4% will vest on the first anniversary of the award date, 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.

(15) This line reports RSUs awarded on November 28, 2025, of which 33.4% will vest on the first anniversary of the award date, 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.

**Remarks:**
Exhibit List: Exhibit 24 - Power of Attorney. This Form 3 is being filed late due to unanticipated delays in receiving the Reporting Person's EDGAR codes.

**Signature:** /s/ Darren Dragovich, attorney-in-fact  
**Date:** 2026-03-06

### Remarks:

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).

** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

**Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.**