MITK.NASDAQMitek Systems INC

Form 4: Mitek Systems Inc. Executive Michael E. Diamond Reports Transactions in Company Stock

Sentiment:

SEC Form 4 Filing

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Michael E. Diamond, General Manager of Mitek Systems Inc., reports the sale and acquisition of company stock and stock options.

Summary

  • On February 13, 2025, Michael E. Diamond sold 36,398 shares of Mitek Systems Inc. common stock at a weighted average price of $10.14.
  • On February 18, 2025, Diamond exercised stock options to acquire 8,216 shares at $8.60 and 20,411 shares at $9.50.
  • Following these transactions, Diamond directly owns 214,048 shares of common stock and 40,215 stock options.
  • The stock options were granted on November 15, 2018, and November 6, 2019, and expire on November 15, 2027, and November 6, 2028, respectively.

Sentiment

Score: 5

Explanation: The document is a neutral report of stock transactions, with no inherent positive or negative sentiment.

Industry Context

This Form 4 filing is a routine disclosure of insider transactions, providing transparency to the market regarding the buying and selling activities of company executives.

Stakeholder Impact

  • The transactions may provide insights to stakeholders regarding management's perspective on the company's value.

Key Dates

DateDescription
11/15/2018Grant date of stock options exercisable until 11/15/2027 for 8,216 shares.
11/06/2019Grant date of stock options exercisable until 11/06/2028 for 20,411 shares.
02/13/2025Sale of 36,398 shares of common stock at a weighted average price of $10.14.
02/18/2025Exercise of stock options for 8,216 shares at $8.60 and 20,411 shares at $9.50.

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