CPI Card Group: Parallel49 reduces stake from 42% to 24%; Tricor Family Office & Chairman acquire 2.1M shares

CPI Card Group Inc.

Tricor Family Office bought 1.9M shares (now ~20% ownership); Chairman Sandy Riley bought 0.2M shares.
Parallel49's ownership drops from 4.8M (42%) to 2.7M (24%) shares outstanding.
Director nomination rights granted to Tricor Family Office if holding >=10%; 1-year lock-up agreements signed.
Parallel49 originally invested in CPI in 2007 and held ~60% post-IPO in 2015.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

CPI Card Group Inc. entered into Director Nomination Agreement with Tricor PMT25 Holdings Inc. (the "Tricor Family Office") (effective 2025-12-04).

Action: entry
Counterparty: Tricor PMT25 Holdings Inc. (the "Tricor Family Office")
Effective: 2025-12-04

Exact text from the filing

In connection with the Share Transfer, the Company entered into a director nomination agreement (the “Director Nomination Agreement”) with the Tricor Family Office.

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CPI Card Group Inc. filing history →

Source: SEC EDGAR

accession 0001104659-25-118907

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