Edward H. West - Oct 1, 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: Oct 1, 2025
Transactions value $: $1,147,995
Form type: 4
Date filed: 10/3/2025, 04:05 PM
Previous filing: Feb 24, 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	2025-10-03	0001186807

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	MITK	Common Stock	Options Exercise	$2.18M	+224K	+119.26%	$9.77	411K	Oct 1, 2025	Direct	F1
transaction	MITK	Common Stock	Tax liability	-$1.04M	-106K	-25.8%	$9.77	305K	Oct 1, 2025	Direct	F2
holding	MITK	Common Stock						55K	Oct 1, 2025	By Trust	F3

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	Options Exercise	$0	-224K	-22.86%	$0.00	754K	Oct 1, 2025	Common Stock	224K		Direct	F4, F5, F6

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

Explanation of Responses:

Id	Content
F1	Performance restricted stock units convert into common stock on a one-for-one basis.
F2	Represents the disposition of shares that were withheld by the Issuer to pay withholding taxes upon the vesting of 46,856 restricted stock units and 223,524 performance restricted stock units (the "Performance RSUs").
F3	As previously reported on February 24, 2025, these shares were purchased by the West Community Property Trust, for which the reporting person is a trustee.
F4	On October 1, 2024, the reporting person was granted 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.
F5	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.
F6	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.