Home > Insider Trading > Filing (0000807863-20-000054)

Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
807863	Mitek Systems Inc	MITK	Computer Peripheral Equipment, Nec (3577)	870418827

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1559935	Edward Bruce Hansen	600 B Street, Suite 100 San Diego CA 92101		Yes	No	No	No

Reported Non-Derivative Transactions

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Disposition	2020-08-31	25,376	$12.59	151,906	No	4	S	Direct
Common Stock	Disposition	2020-09-01	9,921	$12.85	141,985	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Direct
No	4	S	Direct

Footnotes

Represents the disposition of shares that were automatically sold by Mitek Systems, Inc. to pay withholding taxes upon the delivery of 70,589 previously vested restricted stock units, whose delivery was deferred pursuant to the terms of the underlying award agreement. Shares subject to the award were granted to Mr. Hansen in conjunction with his services as Principal Executive Officer, and as such are subject to income tax withholding.
Represents the disposition of additional shares to cover Mr. Hansen's tax obligations, resulting from the delivery of 70,589 restricted stock units. Due to limitations imposed by the Internal Revenue Service, Mitek Systems, Inc. was unable to sell a sufficient number of shares to meet Mr. Hansen's tax obligations, and consequently, Mr. Hansen elected to sell additional shares to cover the remaining taxes.
The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $12.710 - $12.990, inclusive. The reporting person undertakes to provide to Mitek Systems, Inc., any security holder of Mitek Systems, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.