Form 4: SoundHound AI CEO Keyvan Mohajer Sells Shares to Cover Tax Obligations and Under 10b5-1 Plan
SEC Form 4
SoundHound AI CEO Keyvan Mohajer sold shares of Class A Common Stock on March 20 and March 24, 2025, to cover tax obligations and pursuant to a pre-arranged Rule 10b5-1 trading plan.
Summary
- Keyvan Mohajer, CEO of SoundHound AI, Inc., reported the sale of Class A Common Stock in two transactions.
- On March 20, 2025, 118,605 shares were sold at a price of $9.9018 per share.
- On March 24, 2025, 138,895 shares were sold at a price of $10.08 per share.
- The sales were executed to satisfy tax withholding obligations related to the vesting of restricted stock units and under a Rule 10b5-1 trading plan adopted in November 2024.
- Following these transactions, Mohajer directly owns 1,764,166 shares of Class A Common Stock.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing simply reports stock sales for tax obligations and a pre-planned trading plan, which is a routine event.
Industry Context
Insider sales are a common occurrence, especially when tied to tax obligations or pre-planned trading programs like Rule 10b5-1 plans. These plans allow insiders to sell shares at predetermined times and prices, avoiding accusations of trading on non-public information.
Stakeholder Impact
- The share sales could have a minor negative impact on shareholder sentiment, although the sales are explained as being for tax obligations and part of a pre-planned trading strategy.
Key Dates
| Date | Description |
|---|---|
| 2022-05-05 | Date of Power of Attorney execution. |
| 2022-07-20 | Date of restricted stock units grant related to tax obligations. |
| 2022-09-07 | Date of restricted stock units grant related to tax obligations. |
| 2023-08-03 | Date of restricted stock units grant related to tax obligations. |
| 2024-08-01 | Date of restricted stock units grant related to tax obligations. |
| 2024-11 | Adoption of Rule 10b5-1 trading plan. |
| 2025-03-20 | Date of first reported transaction: sale of 118,605 shares at $9.9018. |
| 2025-03-24 | Date of second reported transaction: sale of 138,895 shares at $10.08. |
Keywords
Form 4, SoundHound AI, SOUN, Keyvan Mohajer, Share Sale, Rule 10b5-1, Tax Obligations, Insider Trading
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