Form 4: SoundHound AI CTO Timothy Stonehocker Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
SoundHound AI's Chief Technology Officer, Timothy Stonehocker, sold 20,337 shares of Class A Common Stock on September 20, 2024, to satisfy tax withholding obligations related to vesting restricted stock units.
Summary
- On September 20, 2024, Timothy Stonehocker, the Chief Technology Officer of SoundHound AI, Inc., sold 20,337 shares of Class A Common Stock.
- The sale was executed at a price of $4.8795 per share.
- Following the transaction, Stonehocker directly owns 1,039,194 shares of SoundHound AI, Inc.
- The sale was conducted 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.
Sentiment
Score: 5
Explanation: The document is a standard SEC Form 4 filing, indicating a routine stock sale for tax purposes. It doesn't convey any particularly positive or negative sentiment regarding the company's performance or outlook.
Industry Context
Executive stock sales are a common occurrence and are often related to personal financial planning or tax obligations. This transaction is specific to an individual and doesn't necessarily reflect a broader trend within SoundHound AI or the AI industry.
Stakeholder Impact
- The sale of shares by an executive could be perceived negatively by some shareholders, although it is a common practice for covering tax obligations.
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, as amended. |
| 2022-08-04 | Date of one of the restricted stock unit grants. |
| 2022-09-07 | Date of one of the restricted stock unit grants. |
| 2023-08-03 | Date of one of the restricted stock unit grants. |
| 2024-08-01 | Date of one of the restricted stock unit grants. |
| 2024-09-20 | Date of the stock sale transaction. |
| 2024-09-24 | Date of the Form 4 filing. |
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