Form 4: SoundHound AI CTO Timothy Stonehocker Executes Stock Sales to Cover Tax Obligations and Under 10b5-1 Plan
SEC Form 4
Timothy Stonehocker, Chief Technology Officer of SoundHound AI, Inc., sold shares of Class A Common Stock to cover tax obligations and under a pre-arranged 10b5-1 trading plan.
Summary
- On March 20, 2025, Timothy Stonehocker sold 27,714 shares of Class A Common Stock at a price of $9.9018 per share to satisfy tax withholding obligations related to 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.
- On March 24, 2025, Stonehocker sold an additional 3,333 shares at $10.08 per share under a Rule 10b5-1 trading plan adopted in December 2024.
- Following these transactions, Stonehocker beneficially owns 765,534 shares of Class A Common Stock.
Sentiment
Score: 5
Explanation: The document is a standard Form 4 filing, indicating routine stock sales. It doesn't convey any particularly positive or negative sentiment.
Industry Context
Executive stock sales are a common occurrence, especially to cover tax obligations related to vesting equity. The use of 10b5-1 plans is a standard practice to avoid accusations of insider trading.
Stakeholder Impact
- The stock sales could have a minor dilutive effect on shareholders, but the amounts are relatively small.
Key Dates
| Date | Description |
|---|---|
| May 5, 2022 | Date of Limited Power of Attorney for reporting under Section 16(a) of the Securities Exchange Act of 1934 |
| August 4, 2022 | Date of one of the restricted stock unit grants. |
| September 7, 2022 | Date of one of the restricted stock unit grants. |
| August 3, 2023 | Date of one of the restricted stock unit grants. |
| August 1, 2024 | Date of one of the restricted stock unit grants. |
| December 2024 | Adoption date of the Rule 10b5-1 trading plan. |
| March 20, 2025 | Date of sale of 27,714 shares to cover tax obligations. |
| March 24, 2025 | Date of sale of 3,333 shares under Rule 10b5-1 trading plan. |
Keywords
Form 4, SoundHound AI, SOUN, Timothy Stonehocker, Stock Sale, Rule 10b5-1, Tax Obligations, Restricted Stock Units, Insider Trading
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