Form 4: SoundHound AI COO Michael Zagorsek Sells Shares to Cover Tax Obligations
SEC Form 4
SoundHound AI's Chief Operating Officer, Michael Zagorsek, sold 52,001 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, Michael Zagorsek, the Chief Operating Officer of SoundHound AI, Inc. (SOUN), sold 52,001 shares of Class A Common Stock.
- The shares were sold at a price of $9.9018 per share.
- The sale was executed to cover tax withholding obligations associated with the vesting of restricted stock units.
- These restricted stock units were granted on August 4, 2022, September 7, 2022, August 3, 2023, and August 1, 2024.
- Following the transaction, Zagorsek directly owns 1,360,525 shares of SoundHound AI.
Sentiment
Score: 5
Explanation: The document is a standard SEC Form 4 filing, indicating a routine transaction. It doesn't convey any particularly positive or negative sentiment about the company's prospects.
Industry Context
Executive stock sales are a common occurrence, often related to personal financial planning or tax obligations. The sale itself doesn't necessarily indicate a negative outlook on the company's future.
Stakeholder Impact
- The sale of shares by an executive could have a minor, temporary impact on shareholder sentiment.
Key Dates
| Date | Description |
|---|---|
| 2022-05-05 | Date of Limited Power of Attorney for Reporting Under Section 16(a) of the Securities Exchange Act of 1934 |
| 2022-08-04 | Grant date of restricted stock units. |
| 2022-09-07 | Grant date of restricted stock units. |
| 2023-08-03 | Grant date of restricted stock units. |
| 2024-08-01 | Grant date of restricted stock units. |
| 2025-03-20 | Date of stock sale transaction. |
| 2025-03-24 | Date of signature on the Form 4 filing. |
Keywords
Form 4, SoundHound AI, SOUN, Michael Zagorsek, Chief Operating Officer, Stock Sale, Restricted Stock Units, Tax Withholding
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