Mitek COO sells 21,108 shares at $14.19
Mitek Systems' Chief Operating Officer Garrett Gafke reported an open-market sale of 21,108 shares of Common Stock at a weighted average price of $14.19 per share.
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Form Type
4
Rhea-AI Filing Summary
Mitek Systems' Chief Operating Officer Garrett Gafke reported an open-market sale of 21,108 shares of Common Stock at a weighted average price of $14.19 per share. The shares were sold in multiple transactions at prices ranging from $13.94 to $14.66.
After the sale, Gafke directly held 244,279 shares of Common Stock. He also held Performance Restricted Stock Units tied to 412,403 underlying shares of Common Stock, which vest over three years based on Mitek’s stock performance versus the Russell 2000 Index.
Insider Trade Summary
Net Seller: 21,108 shares
Net Sell
2 txns
Insider
Gafke Garrett
Role
Chief Operating Officer
Sold
21,108 shs ($300K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 21,108 | $14.19 | $300K |
| holding | Performance Restricted Stock Units | -- | -- | -- |
Holdings After Transaction:
Common Stock — 244,279 shares (Direct);
Performance Restricted Stock Units — 412,403 contracts (Direct)
Footnotes (2)
- F1. The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $13.94 - $14.66, 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.
- F2. Represented performance restricted stock previously granted, which vest based upon the achievement of certain performance criteria over three years following the grant dates. The performance criteria for each performance period is 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 Performance Period, based on a hypothetical investment in both Mitek's common stock and the Russell 2000 Index. At the end of the applicable Performance Period, the value of the hypothetical investments is determined by assuming the sale of each. The % change is determined by comparing the increase in value to the starting investment.
Key Figures
Shares sold: 21,108 shares
Weighted average sale price: $14.19 per share
Shares held after sale: 244,279 shares
+2 more
5 metrics
Shares sold
21,108 shares
Open-market sale of Common Stock on May 15, 2026
Weighted average sale price
$14.19 per share
Common Stock sale, with trades between $13.94 and $14.66
Shares held after sale
244,279 shares
Direct Common Stock holdings following the transaction
Underlying shares in performance RSUs
412,403 shares
Performance Restricted Stock Units tied to Common Stock
Performance price range
$13.94–$14.66
Range of prices for individual sale transactions
Key Terms
Performance Restricted Stock Units, weighted average price, Russell 2000 Index, Performance Period
4 terms
Performance Restricted Stock Units financial
"Represented performance restricted stock previously granted, which vest based upon the achievement of certain performance criteria over three years"
Performance restricted stock units (PRSUs) are promises to deliver company shares to employees or executives only if the business meets specific performance targets and any time-based holding rules. Think of them as a bonus that converts into stock only after set goals are reached, so investors watch PRSUs for two reasons: they can dilute existing shares if paid out, and they signal how closely management’s pay is tied to company performance.
weighted average price financial
"The price reported is a weighted average price. These shares were sold in multiple transactions"
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
Russell 2000 Index financial
"to meet or exceed the % increase in value of the Russell 2000 Index over the applicable Performance Period"
A stock-market benchmark that tracks about 2,000 small-cap U.S. companies, the Russell 2000 gives a snapshot of how smaller publicly traded firms are performing. Investors use it like a thermometer or yardstick for the small-company segment of the market—funds and portfolio managers compare returns to it, and its movements can signal changes in economic risk appetite or growth expectations; it is weighted so larger small companies have a bigger influence on the index.
Performance Period financial
"The performance criteria for each performance period is for the % increase in value"
The performance period is the specific time span over which an investment’s results, an employee’s targets, or a fund’s returns are measured and judged. It matters to investors because the length and start/end of that window determine which gains or losses count toward performance fees, bonus payouts, or benchmark comparisons—much like timing a race decides who wins, the chosen period can change whether results look strong or weak.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Mitek Systems (MITK) disclose for Garrett Gafke?
Garrett Gafke, Mitek Systems’ Chief Operating Officer, sold 21,108 shares of Common Stock in open-market transactions. The weighted average sale price was $14.19 per share, with individual trades executed between $13.94 and $14.66.
What Performance Restricted Stock Units does Garrett Gafke hold in Mitek Systems (MITK)?
Gafke holds Performance Restricted Stock Units linked to 412,403 underlying Mitek Systems Common shares. These units vest over three years if Mitek’s stock price percentage increase meets or exceeds the Russell 2000 Index over each applicable performance period.
How are Mitek Systems (MITK) performance stock units for Garrett Gafke earned?
Gafke’s performance restricted stock units vest based on three-year performance criteria. Mitek’s stock must at least match the Russell 2000 Index’s percentage gain, using a hypothetical investment comparison and end-of-period value to determine the percentage change.
AI-generated analysis. How Rhea-AI works. Not financial advice.
