Edward H. West - Nov 19, 2025 Form 4 Insider Report for MITEK SYSTEMS INC (MITK)

Role: Chief Executive Officer, Director
Signature: /s/ Jonathan O'Brien, by Power of Attorney
Stock symbol: MITK
Transactions as of: Nov 19, 2025
Transactions value $: $4,000,004
Form type: 4
Date filed: 11/21/2025, 06:22 PM
Previous filing: Oct 3, 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
WEST EDWARD H	Chief Executive Officer, Director	770 FIRST AVENUE, SUITE 425, SAN DIEGO	/s/ Jonathan O'Brien, by Power of Attorney	2025-11-21	0001186807

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	MITK	Common Stock	Award	$1M	+115K	+37.61%	$8.72	420K	Nov 19, 2025	Direct	F1
holding	MITK	Common Stock						55K	Nov 19, 2025	By Trust	F2

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
transaction	MITK	Performance Restricted Stock Units	Award	$3M	+344K	+45.6%	$8.72	1.1M	Nov 19, 2025	Common Stock	344K		Direct	F3, F4

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

Explanation of Responses:

Id	Content
F1	Represents restricted stock units granted on November 19, 2025 under the Issuer's Amended and Restated 2020 Incentive Plan (the ''2020 Plan''). Shares subject to the award vest 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 an additional 25% of the shares vesting on each subsequent anniversary of the date of grant thereafter.
F2	Previously purchased by the West Community Property Trust dated May 18, 2023, for which the reporting person is trustee.
F3	Represents target performance restricted stock units (''Performance RSUs'') granted on November 19, 2025 under the 2020 Plan, which vest based upon the achievement of certain performance criteria on the third anniversary of the date of grant (''Performance Period''). Performance criteria is the percentage increase in value of the Issuer's common stock compared to the percentage increase in value of the Russell 2000 Index over the Performance Period. The final potential payout will range from 50% to 200% of the number of awarded target Performance RSUs, based on an attainment between 75% to 125% compared to the Russell 2000 Index. The attainment below 75% will result in a 0% payout.
F4	For the purposes of determining the percentage increase in value of the Issuer's common stock and the Russell 2000 Index, a hypothetical investment of $100 will be made in both the Issuer's common stock and the Russell 2000 Index with a purchase price equal to the average closing price of each for the 40-trading days immediately preceding the start of the Performance Period. At the end of the 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 40-trading days. The percentage change shall be determined by comparing the increase in value to the starting investment of $100.