The stock sales were option exercise and sales back on May 3 after the earnings release. They do this each year. Option proceeds are ordinary income and since they live in CA, the tax due is over 50% of proceeds. The have to sell after exercise to pay the tax.
With offering and new warrants and options, market value is over $55MM. Pretty high for everything in the future. MITEK has $180MM MV and has the software for Mobile Deposit used at every U.S. bank.
Amazing how many traders are in stocks. This news has been around for a year. Mitek says it is a junk suit and they would never settle.