CPI Card Group shares rise 10.26% intraday as chairman and Tricor Family Office increase stakes.

CPI Card Group surged 10.26% intraday following announcements that Tricor Pacific Capital and Chairman H. Sanford Riley significantly increased their stakes in the company. Tricor purchased 1.9 million shares, while Riley acquired 0.2 million shares from Parallel49 Equity, reducing its ownership from 42% to 24%. Post-transaction, Tricor’s direct ownership rose to nearly 20%, with both parties agreeing to one-year lock-up periods. The moves underscored long-term commitment to CPI’s growth strategy, with leadership emphasizing confidence in its digital solutions expansion and governance continuity. The transactions, coupled with board-approved registration rights for Tricor, signaled alignment with CPI’s strategic vision, bolstering investor sentiment amid recent market volatility.