<SEC-DOCUMENT>0001140361-23-025326.txt : 20230517
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<ACCEPTANCE-DATETIME>20230517195234
ACCESSION NUMBER:		0001140361-23-025326
CONFORMED SUBMISSION TYPE:	3
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20230515
FILED AS OF DATE:		20230517
DATE AS OF CHANGE:		20230517

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Hochstadt Jeffrey A.
		CENTRAL INDEX KEY:			0001977773

	FILING VALUES:
		FORM TYPE:		3
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-37584
		FILM NUMBER:		23933429

	MAIL ADDRESS:	
		STREET 1:		C/O CPI CARD GROUP INC.
		STREET 2:		10368 WEST CENTENNIAL ROAD
		CITY:			LITTLETON
		STATE:			CO
		ZIP:			80127

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CPI Card Group Inc.
		CENTRAL INDEX KEY:			0001641614
		STANDARD INDUSTRIAL CLASSIFICATION:	COMMERCIAL PRINTING [2750]
		IRS NUMBER:				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:		720-681-6304

	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
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    <periodOfReport>2023-05-15</periodOfReport>

    <noSecuritiesOwned>1</noSecuritiesOwned>

    <issuer>
        <issuerCik>0001641614</issuerCik>
        <issuerName>CPI Card Group Inc.</issuerName>
        <issuerTradingSymbol>PMTS</issuerTradingSymbol>
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    <reportingOwner>
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            <rptOwnerCik>0001977773</rptOwnerCik>
            <rptOwnerName>Hochstadt Jeffrey A.</rptOwnerName>
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            <rptOwnerStreet1>C/O CPI CARD GROUP INC.</rptOwnerStreet1>
            <rptOwnerStreet2>10368 WEST CENTENNIAL ROAD</rptOwnerStreet2>
            <rptOwnerCity>LITTLETON</rptOwnerCity>
            <rptOwnerState>CO</rptOwnerState>
            <rptOwnerZipCode>80127</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
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        <reportingOwnerRelationship>
            <isOfficer>true</isOfficer>
            <officerTitle>Chief Financial Officer</officerTitle>
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    <remarks>Exhibit 24 - Power of Attorney</remarks>

    <ownerSignature>
        <signatureName>/s/ Sarah Kilgore as attorney-in-fact</signatureName>
        <signatureDate>2023-05-17</signatureDate>
    </ownerSignature>
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<DOCUMENT>
<TYPE>EX-24
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<DESCRIPTION>EXHIBIT 24
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    <div style="text-align: right;"> <font style="font-weight: bold;">Exhibit 24</font><br>
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    <div style="text-align: right;"> <br>
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    <div style="text-align: right;">
      <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">POWER OF ATTORNEY</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; color: rgb(0, 0, 0);">Know all by these presents, that the undersigned hereby constitutes and appoints each of Jessica Browne and Sarah Kilgore, signing singly, the undersigned&#8217;s true and lawful
        attorney-in-fact to:</div>
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            <td style="width: 18pt; vertical-align: top; color: rgb(0, 0, 0);">1.</td>
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              <div style="color: rgb(0, 0, 0);">Execute for and on behalf of the undersigned, in the undersigned&#8217;s capacity as an officer and/or director of CPI Card Group Inc. (the &#8220;Company&#8221;), 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 &#8211; <font style="font-style: italic;">System for Electronic Disclosure by Insiders (SEDI)</font> and National Instrument 55-104 &#8211; <font style="font-style: italic;">Insider Reporting Requirements and Exemptions</font>
                (collectively, the &#8220;Canadian Insider Reports&#8221;);</div>
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            <td style="width: 18pt; vertical-align: top; color: rgb(0, 0, 0);">2.</td>
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              <div style="color: rgb(0, 0, 0);">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</div>
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            <td style="width: 18pt; vertical-align: top; color: rgb(0, 0, 0);">3.</td>
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              <div style="color: rgb(0, 0, 0);">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-fact&#8217;s discretion.</div>
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      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; color: rgb(0, 0, 0);">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 evocation, hereby ratifying and confirming all
        that such attorney-in-fact, or such attorney-in-fact&#8217;s 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 undersigned&#8217;s responsibilities to comply with Section 16 of the Securities Exchange Act of 1934 or the
        applicable Canadian securities legislation.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; color: rgb(0, 0, 0);">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
        undersigned&#8217;s 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.</div>
      <div>&#160; <br>
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      <div style="text-align: justify; text-indent: 36pt; color: rgb(0, 0, 0);">IN WITNESS WHEREOF, the undersigned has caused this Power of Attorney to be executed as of this 17th day of May, 2023.</div>
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              <div style="color: rgb(0, 0, 0);"><u>/s/ Jeffrey A. Hochstadt</u></div>
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              <div style="color: rgb(0, 0, 0);">Signature</div>
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              <div style="color: rgb(0, 0, 0);"><u>Jeffrey A. Hochstadt</u></div>
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