Key facts
- This page summarizes Christopher H. Briggs's Form 4 filing for MITEK SYSTEMS INC (MITK).
- 4 reported transactions and 1 derivative row are listed below.
- Accepted by SEC: 10 Dec 2024, 21:51.
Christopher H. Briggs - 03 Dec 2024 Form 4 Insider Report for MITEK SYSTEMS INC (MITK)
- Reporting relationship
- SVP Identity
- Issuer ticker
- MITK
- Reported as of
- 03 Dec 2024
- Net transaction value
- +$219,860
- SEC form
- 4
- Accepted by SEC
- 10 Dec 2024, 21:51:38 UTC
- Prior SEC filing
- 14 Jun 2024
- Next SEC filing
- 30 Apr 2025
- Source filing
- View source filing
- Reporting owner signature
- /s/ Jonathan O'Brien, by Power of Attorney
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
Christopher H. Briggs filed Form 4 for MITEK SYSTEMS INC (MITK) on 10 Dec 2024.
Change
- Previous filing in this sequence was filed on 14 Jun 2024.
- Current net transaction value: +$219,860.
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
Sale
- Transaction value
- $16,280
- Shares
- -1,791
- Change %
- -2.6%
- Price
- $9.09
- Shares after
- 66,882
- Date
- 03 Dec 2024
- Ownership
- Direct
- Footnotes
- F1
MITK
transaction
Common Stock
Sale
- Transaction value
- $13,853
- Shares
- -1,529
- Change %
- -2.3%
- Price
- $9.06
- Shares after
- 65,353
- Date
- 03 Dec 2024
- Ownership
- Direct
- Footnotes
- F2
MITK
transaction
Common Stock
Award
- Transaction value
- $249,993
- Shares
- +27,593
- Change %
- +42%
- Price
- $9.06
- Shares after
- 92,946
- Date
- 06 Dec 2024
- Ownership
- Direct
- Footnotes
- F3
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
MITK
transaction
Derivative
Performance Restricted Stock Units
Award
- Transaction value
- $0
- Shares
- +27,593
- Change %
- +29%
- Price
- $0.000000
- Shares after
- 123,549
- Date
- 06 Dec 2024
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 27,593
- Exercise price
- Footnotes
- F4, F5, F6, F7
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 7 footnotes
Footnote F1
Represents the disposition of shares that were automatically sold by the Issuer to pay withholding taxes upon the vesting of 7,158 restricted stock units.
Footnote F2
Represents the disposition of shares that were automatically sold by the Issuer to pay withholding taxes upon the vesting of 6,109 restricted stock units.
Footnote F3
Represents restricted stock units granted on December 8, 2024 under the Issuer's Amended and Restated 2020 Incentive Plan (the ''2020 Plan''). Shares subject to the award vest as follows: 25% shall vest on the first anniversary of the date grant and thereafter an additional 25% shall vest on each subsequent anniversary of the date of grant.
Footnote F4
Represents performance restricted stock units (''Performance RSUs'') granted on December 8, 2024 under the 2020 Plan, 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''). Performance criteria is measured on an annual basis as described below. Additionally, based on the attainment of certain above-target performance criteria, the final potential payout will range 100% to 200% of the number of awarded Performance RSUs.
Footnote F5
With respect to the Performance RSUs, the annual performance criteria for each annual Performance Period shall be for the percentage increase in value of the Issuer's common stock to meet or exceed the percentage increase in value of the Russell 2000 Index over the applicable annual Performance Period.
Footnote F6
Up to 33% of the Performance RSUs shall vest on each one-year anniversary of the date of grant if the annual performance criteria for the applicable Performance Period has been met. For the Issuer's common stock performance between 75% through 100% of the performance of the Russell 2000 Index, a pro-rata portion of the Performance RSUs will vest.
Footnote F7
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 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 percentage change shall be determined by comparing the increase in value to the starting investment of $100.