Key facts
- This page summarizes Michael E. Diamond's Form 4 filing for MITEK SYSTEMS INC (MITK).
- 3 reported transactions and 1 derivative row are listed below.
- Accepted by SEC: 28 Dec 2021, 17:36.
Michael E. Diamond - 23 Dec 2021 Form 4 Insider Report for MITEK SYSTEMS INC (MITK)
- Reporting relationship
- General Manager
- Issuer ticker
- MITK
- Reported as of
- 23 Dec 2021
- Net transaction value
- -$501
- SEC form
- 4
- Accepted by SEC
- 28 Dec 2021, 17:36:53 UTC
- Prior SEC filing
- 30 Nov 2021
- Next SEC filing
- 23 Mar 2022
- Source filing
- View source filing
- Reporting owner signature
- /s/ Jason Gray, by Power of Attorney
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
Michael E. Diamond filed Form 4 for MITEK SYSTEMS INC (MITK) on 28 Dec 2021.
Change
- Previous filing in this sequence was filed on 30 Nov 2021.
- Current net transaction value: -$501.
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
View source 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
- +58
- Change %
- +0.03%
- Price
- $0.000000
- Shares after
- 196,368
- Date
- 23 Dec 2021
- Ownership
- Direct
- Footnotes
- F1
MITK
transaction
Common Stock
Sale
- Transaction value
- $501
- Shares
- -30
- Change %
- -0.02%
- Price
- $16.69
- Shares after
- 196,338
- Date
- 23 Dec 2021
- Ownership
- Direct
- Footnotes
- F2
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
- -58
- Change %
- -0.09%
- Price
- $0.000000
- Shares after
- 66,959
- Date
- 23 Dec 2021
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 58
- 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
Represents the disposition of shares that were automatically sold by Mitek Systems, Inc. to pay withholding taxes upon the vesting of 58 performance restricted stock units.
Footnote F3
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 F4
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. The performance criteria for the first Performance Period was met, resulting in the vesting of 33% of the Performance RSUs.
Footnote F5
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.