Mitek GC exercises options, sells 73K shares

Mitek Systems Inc general counsel and officer Jason Gray exercised stock options and sold shares of common stock.

Rhea-AI Filing Summary

Mitek Systems Inc general counsel and officer Jason Gray exercised stock options and sold shares of common stock. On March 3, 2026, he exercised options for 32,861 shares at $8.60 per share and 30,313 shares at $9.50 per share, receiving the same number of common shares. He then sold 73,174 common shares in open-market transactions at a weighted average price of $14.74 per share, within a range of $14.66 to $14.85, and held 208,796 common shares directly afterward.

Insider Trade Summary

Exercise and sale activity reported; no spread calculated

Exercise and Sale 5 txns

Insider Gray Jason

Role GC, Secretary & Admin Officer

Sold 73,174 shs ($1.08M)

Approx. gross sale proceeds $1.08M

Approx. exercise cost $571K

Type	Security	Shares	Price	Value
Exercise	Stock Option (Right to Buy)	32,861	$0.00	$0.00
Exercise	Stock Option (Right to Buy)	30,313	$0.00	$0.00
Exercise	Common Stock	32,861	$8.60	$283K
Exercise	Common Stock	30,313	$9.50	$288K
Sale	Common Stock	73,174	$14.74	$1.08M

Holdings After Transaction: Stock Option (Right to Buy) — 0 contracts (Direct); Common Stock — 208,796 shares (Direct)

Footnotes (1)

1. F1. The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $14.66 - $14.85, 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.

FAQ

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What insider activity did Jason Gray report for MITEK SYSTEMS INC (MITK)?

Jason Gray reported exercising stock options and selling common shares of Mitek Systems Inc. He exercised options into 63,174 common shares and sold 73,174 common shares in open-market transactions, while remaining directly holding 208,796 common shares after the reported transactions.

How many Mitek (MITK) shares did Jason Gray sell and at what price?

Jason Gray sold 73,174 shares of Mitek Systems Inc common stock. The weighted average sale price was $14.74 per share, with individual trades executed in a price range from $14.66 to $14.85 per share, according to the disclosed transaction details.

What stock options did Jason Gray exercise in this Mitek (MITK) Form 4?

Jason Gray exercised two tranches of stock options. He exercised 32,861 options at an exercise price of $8.60 per share and 30,313 options at an exercise price of $9.50 per share, receiving an equal number of Mitek Systems Inc common shares.

How many Mitek (MITK) shares does Jason Gray hold after these transactions?

After the reported transactions, Jason Gray directly holds 208,796 shares of Mitek Systems Inc common stock. This figure reflects his position following the option exercises that increased his holdings and the subsequent open-market sale that reduced his share count.

What role does Jason Gray hold at Mitek Systems Inc (MITK)?

Jason Gray is an officer of Mitek Systems Inc, serving as GC, Secretary & Admin Officer. The reported Form 4 transactions therefore reflect trading activity by a key executive with responsibilities over legal, corporate secretary, and administrative functions at the company.

Were Jason Gray’s Mitek (MITK) share sales executed at a single price?

No. The reported sales were executed at multiple prices. The filing states that the weighted average sale price was $14.74 per share, with separate trades occurring within a disclosed range of $14.66 to $14.85 per share.

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Form 4 Insider Transactions: What Each Field Means →

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Accepted by SEC EDGAR 03/05/2026 - 04:14 PM EST Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Gray Jason

(Last) (First) (Middle)

770 FIRST AVENUE, SUITE 425

(Street)

SAN DIEGO CA 92101

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
MITEK SYSTEMS INC [ MITK ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	GC, Secretary & Admin Officer

3. Date of Earliest Transaction (Month/Day/Year)
03/03/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	03/03/2026		M		32,861	A	$8.6	251,657	D
Common Stock	03/03/2026		M		30,313	A	$9.5	281,970	D
Common Stock	03/03/2026		S		73,174	D	$14.74(1)	208,796	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Option (Right to Buy)	$8.6	03/03/2026		M			32,861	11/15/2021	11/15/2027	Common Stock	32,861	$0	0	D
Stock Option (Right to Buy)	$9.5	03/03/2026		M			30,313	11/06/2022	11/06/2028	Common Stock	30,313	$0	0	D

Explanation of Responses:

1. The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $14.66 - $14.85, 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.

Remarks:

	/s/ Jonathan O'Brien, by Power of Attorney	03/05/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.