Form 4: SoundHound AI CFO Nitesh Sharan Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Nitesh Sharan, CFO of SoundHound AI, sold 48,639 shares of Class A Common Stock on March 20, 2025, to satisfy tax withholding obligations related to vesting restricted stock units.
Summary
- On March 20, 2025, Nitesh Sharan, the Chief Financial Officer of SoundHound AI, Inc. (SOUN), sold 48,639 shares of Class A Common Stock.
- The sale was executed at a price of $9.9018 per share.
- This transaction was reported on a Form 4 filing with the Securities and Exchange Commission.
- The purpose of the sale was to cover tax withholding obligations associated with the vesting of restricted stock units.
- Following the transaction, Sharan directly owns 1,454,011 shares of SoundHound AI, Inc.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the transaction is a routine sale to cover tax obligations. It doesn't inherently reflect a positive or negative view of the company's prospects.
Industry Context
Executive stock sales are a common occurrence, often related to compensation and tax planning. The sale itself doesn't necessarily indicate a negative outlook for the company, but it's important to monitor insider transactions in aggregate to gauge overall sentiment.
Stakeholder Impact
- The sale could have a minor impact on shareholders if it creates downward pressure on the stock price, although the volume is relatively small compared to the total outstanding shares.
Key Dates
| Date | Description |
|---|---|
| 2022-05-04 | Date of Limited Power of Attorney for Reporting under Section 16(a) of the Securities Exchange Act of 1934, as amended. |
| 2022-07-20 | Date of grant of restricted stock units related to the tax obligation. |
| 2022-09-07 | Date of grant of restricted stock units related to the tax obligation. |
| 2023-08-03 | Date of grant of restricted stock units related to the tax obligation. |
| 2024-08-01 | Date of grant of restricted stock units related to the tax obligation. |
| 2025-03-20 | Date of the stock sale transaction. |
| 2025-03-24 | Date of signature on the Form 4 filing. |
Keywords
Form 4, SoundHound AI, SOUN, Nitesh Sharan, CFO, Stock Sale, Tax Obligations, Restricted Stock Units, Beneficial Ownership
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.