Jason Gray - Jan 24, 2023 Form 3 Insider Report for MITEK SYSTEMS INC (MITK)

Role: GC, Secretary & Admin Officer
Signature: /s/ Jonathan O'Brien, by Power of Attorney
Stock symbol: MITK
Transactions as of: Jan 24, 2023
Transactions value $: $0
Form type: 3
Date filed: 2/1/2023, 11:56 AM
Previous filing: Mar 23, 2022
Next filing: Dec 12, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	MITK	Common Stock						54.5K	Jan 24, 2023	Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
holding	MITK	Stock Option (Right to Buy)							Jan 24, 2023	Common Stock	30.3K	$9.50	Direct	F1, F2
holding	MITK	Stock Option (Right to Buy)							Jan 24, 2023	Common Stock	32.9K	$8.60	Direct	F2, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents an incentive stock option granted on November 6, 2018. Shares subject to the award vested over four years from the date of grant, with 25% of the shares subject to the award vesting on the first anniversary of the date of grant and the remaining shares vesting in thirty-six equal monthly installments thereafter. The shares subject to the award are fully vested.
F2	The award expires on the earlier of (i) 10 years from the grant date of the award or (ii) three months from the date of termination of the Reporting Person's services to the Company.
F3	Represents an incentive stock option granted on November 15, 2017. Shares subject to the award vested over four years from the date of grant, with 25% of the shares subject to the award vesting on the first anniversary of the date of grant and the remaining shares vesting in thirty-six equal monthly installments thereafter. The shares subject to the award are fully vested.