SCHEDULE: BlackRock Discloses Stake in SoundHound AI
Ownership Filing
BlackRock, Inc. has filed an amended Schedule 13G, reporting beneficial ownership of 8.3% of SoundHound AI, Inc.'s Class A Stock as of June 30, 2026.
Summary
- BlackRock, Inc. has updated its Schedule 13G filing, indicating beneficial ownership of 33,209,578 shares of SoundHound AI, Inc. Class A Stock.
- This holding represents 8.3% of the total outstanding Class A Stock.
- The filing specifies that BlackRock has sole voting power over 32,554,780 shares and sole dispositive power over 33,209,578 shares.
- The reporting is made in accordance with SEC rules for institutional investors and does not imply control over the issuer.
- The filing also lists various subsidiaries and affiliates of BlackRock that beneficially own shares.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral filing. It's a standard disclosure of an institutional investor's stake and does not provide new operational or financial information about the company itself.
Positives
- BlackRock, a significant institutional investor, has disclosed a substantial stake in SoundHound AI, which can be seen as a positive signal of confidence.
- The clear disclosure of voting and dispositive power provides transparency regarding BlackRock's investment position.
Negatives
- The filing does not contain any negative financial results or operational challenges for SoundHound AI.
Risks
- The filing does not explicitly mention any risks related to SoundHound AI's operations or financial performance.
Future Outlook
The filing does not contain any forward-looking statements or guidance from SoundHound AI.
Industry Context
StockSavvy.ai notes that institutional investor filings like this Schedule 13G are common for tracking significant ownership stakes. BlackRock's investment in SoundHound AI, a company in the AI and voice recognition space, aligns with broader industry trends of increasing investment in artificial intelligence technologies.
Comparison to Industry Standards
- As this is a Schedule 13G filing by an institutional investor, direct comparison to industry standards for operational or financial performance is not applicable. The filing's purpose is disclosure of ownership percentage.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Power of Attorney Revocation | The Power of Attorney dated January 21, 2025, expressly revokes the prior Power of Attorney dated April 30, 2023, regarding the execution of filings related to ownership and control-person reporting requirements. | 01/21/2025 | Ensures that the most current individuals are authorized to act on behalf of BlackRock, Inc. for regulatory filings, streamlining compliance processes. |
Stakeholder Impact
- Shareholders: The filing provides transparency on a significant institutional investor's stake, which may influence market perception.
- Management: The filing confirms BlackRock's investment, potentially indicating continued support or a passive investment approach.
- Employees: No direct impact mentioned in the filing.
Next Steps
- BlackRock will continue to hold its shares in SoundHound AI, Inc. as per its investment strategy.
- SoundHound AI, Inc. will continue its business operations and reporting as usual.
Key Dates
| Date | Description |
|---|---|
| 04/30/2023 | Previous Power of Attorney dated for BlackRock, Inc. |
| 01/21/2025 | Effective date of new Power of Attorney for BlackRock, Inc. |
| 06/30/2026 | Date of event requiring filing of Schedule 13G amendment. |
| 07/30/2026 | Date of signature for the Schedule 13G filing. |
Keywords
SoundHound AI, BlackRock, Schedule 13G, Class A Stock, Institutional Investor, Beneficial Ownership, Investment Holding
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