CPI Card Group Inc., a payments technology company, announced that Tricor Pacific Capital Inc. (the Tricor Family Office) has purchased 1.9 million shares of CPI common stock, and the company's Chairman, H. Sanford (Sandy) Riley, has acquired 0.2 million shares from significant shareholder Parallel49 Equity, ULC, in privately negotiated transactions. As a result, Parallel49's ownership in CPI was reduced from 4.8 million shares (approximately 42% of shares outstanding) to 2.7 million shares (about 24%). Following the transaction, Tricor's direct ownership increased to 2.2 million shares, or nearly 20% of shares outstanding. Both Tricor and Sandy Riley entered into lock-up agreements, restricting the sale or disposal of the acquired shares for one year. CPI's Board of Directors also approved the grant of share registration and director nomination rights to the Tricor Family Office.