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

Reporting relationship: Chief Executive Officer, Director
Issuer ticker: MITK
Reported as of: 19 Nov 2025
Net transaction value: +$4,000,004
SEC form: 4
Accepted by SEC: 21 Nov 2025, 18:22:00 UTC
Prior SEC filing: 03 Oct 2025
Source filing: View source filing
Reporting owner signature: /s/ Jonathan O'Brien, by Power of Attorney

Key filing fact

Edward H. West filed Form 4 for MITEK SYSTEMS INC (MITK) on 21 Nov 2025.

Key facts

This page summarizes Edward H. West's Form 4 filing for MITEK SYSTEMS INC (MITK).
2 reported transactions and 1 derivative row are listed below.
Accepted by SEC: 21 Nov 2025, 18:22.

Change

Previous filing in this sequence was filed on 03 Oct 2025.
Current net transaction value: +$4,000,004.

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

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reporting Owners (1)

CIK 0001186807 Primary reporting owner

WEST EDWARD H

Relationship: Chief Executive Officer, Director
Address: 770 FIRST AVENUE, SUITE 425, SAN DIEGO
Signature: /s/ Jonathan O'Brien, by Power of Attorney
Signature date: 21 Nov 2025

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

MITK transaction

Common Stock

Award

Transaction value: $1,000,001
Shares: +114,679
Change %: +38%
Price: $8.72
Shares after: 419,608
Date: 19 Nov 2025
Ownership: Direct
Footnotes: F1

MITK holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 55,000
Date: 19 Nov 2025
Ownership: By Trust
Footnotes: F2

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: $3,000,003
Shares: +344,037
Change %: +46%
Price: $8.72
Shares after: 1,098,452
Date: 19 Nov 2025
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 344,037
Exercise price
Footnotes: F3, F4

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 4 footnotes

Footnote 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.

Footnote F2

Previously purchased by the West Community Property Trust dated May 18, 2023, for which the reporting person is trustee.

Footnote 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.

Footnote 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.