Form 4: SoundHound AI CEO Keyvan Mohajer Receives 1.5 Million Restricted Stock Units
SEC Form 4 Filing
Keyvan Mohajer, CEO of SoundHound AI, was granted 1,500,000 restricted stock units under the company's 2022 Incentive Award Plan.
Summary
- On August 1, 2024, Keyvan Mohajer, CEO of SoundHound AI, received 1,500,000 restricted stock units.
- These units were granted under the SoundHound AI, Inc. 2022 Incentive Award Plan.
- The restricted stock units vest over three years in approximately equal monthly installments.
- Following this transaction, Mohajer directly owns 2,453,333 shares of Class A Common Stock.
Sentiment
Score: 7
Explanation: The sentiment is neutral to positive. The grant of restricted stock units is a standard practice and signals confidence in the company's future, but it doesn't represent a major event.
Positives
- The grant of restricted stock units aligns the CEO's interests with those of the shareholders, incentivizing long-term value creation.
Future Outlook
The restricted stock units vest over three years, suggesting a commitment from the CEO to the company's long-term success.
Industry Context
Grants of restricted stock units are a common practice in the technology industry to attract, retain, and incentivize key executives.
Stakeholder Impact
- Shareholders may view the grant positively as it aligns the CEO's interests with the company's long-term performance.
Key Dates
| Date | Description |
|---|---|
| May 5, 2022 | Date of the Limited Power of Attorney for reporting under Section 16(a) of the Securities Exchange Act of 1934, as amended. |
| August 1, 2024 | Date of the transaction: Keyvan Mohajer received 1,500,000 restricted stock units. |
| August 5, 2024 | Date of the Form 4 filing. |
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