4//SEC Filing
WEST EDWARD H 4
Accession 0001186807-25-000002
CIK 0000807863other
Filed
Oct 2, 8:00 PM ET
Accepted
Oct 3, 4:05 PM ET
Size
11.0 KB
Accession
0001186807-25-000002
Insider Transaction Report
Form 4
WEST EDWARD H
DirectorChief Executive Officer
Transactions
- Tax Payment
Common Stock
2025-10-01$9.77/sh−106,022$1,035,835→ 304,929 total - Exercise/Conversion
Common Stock
2025-10-01$9.77/sh+223,524$2,183,829→ 410,951 total - Exercise/Conversion
Performance Restricted Stock Units
2025-10-01−223,524→ 754,415 total→ Common Stock (223,524 underlying)
Holdings
- 55,000(indirect: By Trust)
Common Stock
Footnotes (6)
- [F1]Performance restricted stock units convert into common stock on a one-for-one basis.
- [F2]Represents the disposition of shares that were withheld by the Issuer to pay withholding taxes upon the vesting of 46,856 restricted stock units and 223,524 performance restricted stock units (the "Performance RSUs").
- [F3]As previously reported on February 24, 2025, these shares were purchased by the West Community Property Trust, for which the reporting person is a trustee.
- [F4]On October 1, 2024, the reporting person was granted Performance RSUs, which vest based upon the achievement of certain performance criteria over the three year period following the date of grant (each such year, a "Performance Period"), with up to 33% of such units vesting (on each anniversary of the date of grant) with respect to each applicable Performance Period. Performance criteria is measured on both an annual and cumulative basis as described below.
- [F5]The annual performance criteria for each annual Performance Period shall be for the % increase in value of Mitek's common stock to meet or exceed the % increase in value of the Russell 2000 Index over the applicable annual Performance Period, based on a hypothetical investment in both Mitek's common stock and the Russell 2000 Index with a purchase price equal to the average closing price of each for the 20-trading days immediately preceding the start of the applicable Performance Period. At the end of the applicable Performance Period, the value of the hypothetical investments shall be determined by assuming the sale of each based on the average closing price of each from the immediately preceding 20-trading days. The % change shall be determined by comparing the increase in value to the starting investment.
- [F6]Additionally, a portion of the Performance RSUs may vest during a later Performance Period if the cumulative % increase in value of Mitek common stock measured over the current and all previous Performance Periods exceeds the cumulative % increase in value of the Russell 2000 Index.
Documents
Issuer
MITEK SYSTEMS INC
CIK 0000807863
Entity typeother
Related Parties
1- filerCIK 0001186807
Filing Metadata
- Form type
- 4
- Filed
- Oct 2, 8:00 PM ET
- Accepted
- Oct 3, 4:05 PM ET
- Size
- 11.0 KB