MITEK SYSTEMS INC · Exercise / conversion · Common Stock

What does this filing report?

An SEC Form 4 filing for MITEK SYSTEMS INC records an exercise / conversion involving Common Stock on December 8, 2025. The reported quantity was 20,479. The filing date is December 10, 2025. This is one transaction record; amounts are not allocated among any joint reporting owners.

The acquisition category describes how securities were received. It does not by itself establish a cash purchase of common stock. Read the transaction code definitionsand the original filing before interpreting the amounts.

Filing footnotes & remarks

F1

Performance restricted stock units (the "Performance RSUs") 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 20,479 Performance RSUs and 16,556 restricted stock units.

F3

On December 8, 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. For the December 8, 2025 vesting, approximately 93% of the target shares vested based on the achievement of the performance criteria described below, and the remaining were cancelled.

F4

The annual performance criteria for each annual Performance Period is 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 is determined by assuming the sale of each based on the average closing price of each from the immediately preceding 20-trading days. The % change is determined by comparing the increase in value to the starting investment.

Footnotes are reproduced as plain text from the current source filing. For the full context, read the original SEC filing.