Key facts
- This page summarizes Michael E. Diamond's Form 4 filing for MITEK SYSTEMS INC (MITK).
- 4 reported transactions and 2 derivative rows are listed below.
- Accepted by SEC: 29 Nov 2023, 21:59.
Michael E. Diamond - 26 Nov 2023 Form 4 Insider Report for MITEK SYSTEMS INC (MITK)
- Form type
- 4
- Accepted by SEC
- 29 Nov 2023, 21:59:44 UTC
- Previous filing
- 16 Nov 2023
- Next filing
- 12 Dec 2023
- SEC filing
- View on sec.gov
- Reporting owner signature
- /s/ Michael Diamond
Source evidence
5 source fields
Reporting owner
1 detail
Key filing fact
Michael E. Diamond filed Form 4 for MITEK SYSTEMS INC (MITK) on 29 Nov 2023.
Change
- Previous filing in this sequence was filed on 16 Nov 2023.
- Current net transaction value: $0.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
See Original Filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
MITK
transaction
Common Stock
Options Exercise
- Transaction value
- $0
- Shares
- +5,345
- Change %
- +2.4%
- Price
- $0.000000
- Shares after
- 223,816
- Date
- 27 Nov 2023
- Ownership
- Direct
- Footnotes
- F1
MITK
transaction
Common Stock
Options Exercise
- Transaction value
- $0
- Shares
- +7,465
- Change %
- +3.3%
- Price
- $0.000000
- Shares after
- 231,281
- Date
- 26 Nov 2023
- Ownership
- Direct
- Footnotes
- F1
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
MITK
transaction
Derivative
Performance Restricted Stock Units
Options Exercise
- Transaction value
- $0
- Shares
- -5,345
- Change %
- -8.2%
- Price
- $0.000000
- Shares after
- 59,661
- Date
- 27 Nov 2023
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 5,345
- Exercise price
- Footnotes
- F2, F3
MITK
transaction
Derivative
Performance Restricted Stock Units
Options Exercise
- Transaction value
- $0
- Shares
- -7,465
- Change %
- -13%
- Price
- $0.000000
- Shares after
- 52,196
- Date
- 26 Nov 2023
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 7,465
- Exercise price
- Footnotes
- F3, F4, F5
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 5 footnotes
Footnote F1
Performance restricted stock units convert into common stock on a one-for-one basis.
Footnote F2
On November 27, 2020, the reporting person was granted restricted stock units under Mitek's 2020 Incentive Plan (the "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.
Footnote F3
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.
Footnote F4
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.
Footnote F5
On November 26, 2021, the reporting person was granted restricted stock units under Mitek's 2020 Incentive Plan (the "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.