Mitek Systems (MITK) director awarded 11,448 restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Gupta Rahul reported acquisition or exercise transactions in this Form 4 filing.
Mitek Systems Inc director Rahul Gupta received a grant of 11,448 shares of common stock in the form of restricted stock units on March 3, 2026. This is described as the annual equity grant made to non-employee directors under the company’s director compensation program.
According to the disclosure, shares subject to this award will vest at the later of the next annual shareholders meeting or one year after the grant date. Following this grant, Gupta directly holds 77,346 shares of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Gupta Rahul
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 11,448 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 77,346 shares (Direct)
Footnotes (1)
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FAQ
What did Mitek Systems (MITK) director Rahul Gupta report in this Form 4?
Rahul Gupta reported receiving 11,448 restricted stock units of Mitek Systems common stock. These units represent his annual equity grant as a non-employee director and are part of the company’s regular director compensation program tied to its annual shareholders meeting.
What are the vesting terms of Rahul Gupta’s new Mitek (MITK) restricted stock units?
The 11,448 restricted stock units granted to Rahul Gupta vest at the later of the next annual shareholders meeting or one year after the March 3, 2026 grant date. Vesting must satisfy this timing condition before the units convert into shares.
Was any purchase price paid for Rahul Gupta’s Mitek Systems (MITK) stock grant?
The grant to Rahul Gupta shows a transaction price per share of 0.0000, indicating no cash purchase price for these restricted stock units. This reflects their nature as a compensatory equity award under the non-employee director compensation program.
What type of transaction is reported for Mitek Systems (MITK) director Rahul Gupta?
The transaction is classified as an acquisition of common stock through a grant or award. The Form 4 lists transaction code "A" and describes it as a grant, award, or other acquisition of 11,448 restricted stock units of Mitek Systems common stock.
Is Rahul Gupta’s Mitek Systems (MITK) equity grant part of a regular program?
Yes. The footnote explains the 11,448 restricted stock units represent the annual equity grant Mitek Systems makes to its non-employee directors. This is provided as part of the company’s director compensation program connected to its annual meeting of stockholders each year.