Form 4: SoundHound AI CEO Keyvan Mohajer Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
SoundHound AI CEO Keyvan Mohajer sold 48,837 shares of Class A Common Stock on March 19, 2024, to satisfy tax withholding obligations related to vesting restricted stock units.
Summary
- Keyvan Mohajer, CEO of SoundHound AI, Inc., reported a transaction involving the sale of 48,837 shares of Class A Common Stock on March 19, 2024.
- The shares were sold at a price of $8.3656 per share.
- The sale was executed to cover tax withholding obligations associated with the vesting of restricted stock units.
- Following the transaction, Mohajer directly owns 1,169,496 shares of SoundHound AI, Inc.
- The reporting was filed on March 21, 2024, by Warren Heit, attorney-in-fact for Keyvan Mohajer.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to stock transactions. It doesn't inherently convey positive or negative sentiment.
Industry Context
This is a routine Form 4 filing related to insider stock transactions. It is common for executives to sell shares to cover tax obligations arising from the vesting of stock awards.
Stakeholder Impact
- The sale of shares by the CEO could have a minor impact on shareholder sentiment, but is unlikely to be significant given the reason for the sale.
Key Dates
| Date | Description |
|---|---|
| 2022-05-05 | Date of the Limited Power of Attorney for Reporting under Section 16(a) of the Securities Exchange Act of 1934. |
| 2022-07-20 | Date of one of the restricted stock unit grants that triggered the tax obligation. |
| 2022-09-07 | Date of one of the restricted stock unit grants that triggered the tax obligation. |
| 2023-08-03 | Date of one of the restricted stock unit grants that triggered the tax obligation. |
| 2024-03-19 | Date of the stock sale transaction. |
| 2024-03-21 | Date the Form 4 was filed. |
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