0000807863-24-000066.txt : 20240607 0000807863-24-000066.hdr.sgml : 20240607 20240607124502 ACCESSION NUMBER: 0000807863-24-000066 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20240604 FILED AS OF DATE: 20240607 DATE AS OF CHANGE: 20240607 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Carter Scott R CENTRAL INDEX KEY: 0001590913 ORGANIZATION NAME: FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-35231 FILM NUMBER: 241028325 MAIL ADDRESS: STREET 1: 8911 BALBOA AVENUE STREET 2: SUITE B CITY: SAN DIEGO STATE: CA ZIP: 92123 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: MITEK SYSTEMS INC CENTRAL INDEX KEY: 0000807863 STANDARD INDUSTRIAL CLASSIFICATION: COMPUTER PERIPHERAL EQUIPMENT, NEC [3577] ORGANIZATION NAME: 06 Technology IRS NUMBER: 870418827 STATE OF INCORPORATION: DE FISCAL YEAR END: 0930 BUSINESS ADDRESS: STREET 1: 600 B STREET STREET 2: SUITE 100 CITY: SAN DIEGO STATE: CA ZIP: 92101 BUSINESS PHONE: 619-269-6800 MAIL ADDRESS: STREET 1: 600 B STREET STREET 2: SUITE 100 CITY: SAN DIEGO STATE: CA ZIP: 92101 4 1 wk-form4_1717778696.xml FORM 4 X0508 4 2024-06-04 0 0000807863 MITEK SYSTEMS INC MITK 0001590913 Carter Scott R 600 B STREET SUITE 100 SAN DIEGO CA 92101 1 1 0 0 Interim CEO 0 Common Stock 2024-06-04 4 A 0 40355 12.39 A 161392 D Performance Restricted Stock Units 2024-06-04 4 A 0 40355 0 A Common Sock 40355 40355 D Represents restricted stock units granted on June 4, 2024 under the Mitek Systems, Inc.'s Amended and Restated 2020 Incentive Plan. Shares subject to the award will vest in full on the one year anniversary of the grant date, subject to Mr. Carter's service through such date; provided that if an acceleration event occurs, then any then-unvested and outstanding restricted stock units shall vest in full on the date of such acceleration event, as the case may be. On June 4, 2024 (the "Grant Date"), Mitek Systems, Inc. (the "Company") granted Mr. Carter performance-based restricted stock units ("Performance RSUs") for 40,355 shares of the Company's common stock under the Company's Amended and Restated 2020 Incentive Plan (the "Plan"), which will vest on the one-year anniversary of the Grant Date if the annual performance criteria based on the performance of the Company's common stock have been met, subject to Mr. Carter's Continuous Service (as defined in the Plan) through such date; provided that if (i) the Company appoints a new permanent CEO, (ii) Mr. Carter is removed by the Company as Interim CEO for any reason other than for cause or (iii) Mr. Carter resigns for good reason, any then-unvested and outstanding Performance RSUs shall remain outstanding and eligible to vest upon satisfaction of the applicable performance criteria, irrespective of Mr. Carter's Continuous Service as an employee of the Company or as a member of the Board. The annual performance criteria for the Performance RSUs shall be for the percentage increase in value of the Company's common stock to meet or exceed the percentage increase in value of the Russell 2000 Index over the annual performance period. If (a) the Company's common stock performance equals or exceeds the performance of the Russell 2000 Index over the annual performance period then the Performance RSUs shall vest in full, (b) the Company's common stock performance is between 85% and 99.9% of the performance of the Russell 2000 Index, a pro-rata portion of the Performance RSUs (ranging from 50% to 99.9%) will vest or (c) the Company's common stock performance is below 85% of the performance of the Russell 2000 Index, the Performance RSUs will not vest. /s/ Jonathan O'Brien, by Power of Attorney 2024-06-07