| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | MITK | Common Stock | Options Exercise | $0 | +36.1K | +6.76% | $0.00 | 569K | Nov 30, 2023 | Direct | F1 |
| transaction | MITK | Common Stock | Sale | -$137K | -12.4K | -2.17% | $11.07 | 557K | Dec 1, 2023 | Direct | F2 |
| transaction | MITK | Common Stock | Sale | -$170K | -15.6K | -2.8% | $10.86 | 541K | Dec 7, 2023 | Direct | F3 |
| transaction | MITK | Common Stock | Sale | -$238K | -21.9K | -4.04% | $10.86 | 519K | Dec 7, 2023 | Direct | F4 |
| transaction | MITK | Common Stock | Sale | -$202K | -18.6K | -3.58% | $10.86 | 501K | Dec 7, 2023 | Direct | F5 |
| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | MITK | Performance Restricted Stock Units | Options Exercise | $0 | -36.1K | -11.86% | $0.00 | 268K | Nov 30, 2023 | Common Stock | 36.1K | Direct | F6, F7, F8 |
| Id | Content |
|---|---|
| F1 | Performance restricted stock units convert into common stock on a one-for-one basis. |
| F2 | Represents the disposition of shares that were automatically sold by the Issuer to pay withholding taxes upon the vesting of 24,438 restricted stock units. |
| F3 | Represents the disposition of shares that were automatically sold by the Issuer to pay withholding taxes upon the vesting of 30,556 performance restricted stock units. |
| F4 | Represents the disposition of shares that were automatically sold by the Issuer to pay withholding taxes upon the vesting of 42,688 performance restricted stock units. |
| F5 | Represents the disposition of shares that were automatically sold by the Issuer to pay withholding taxes upon the vesting of 36,069 performance restricted stock units. |
| F6 | On November 28, 2022, the reporting person was granted restricted stock units under the Issuer'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. |
| F7 | The annual performance criteria for each annual Performance Period shall be for the % increase in value of the Issuer'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. |
| F8 | Additionally, a portion of the Performance RSUs may vest during a later Performance Period if the cumulative % increase in value of the Issuer's common stock measured over the current and all previous Performance Periods exceeds the cumulative % increase in value of the Russell 2000 Index. |