Form 4: SoundHound AI CTO Timothy Stonehocker Sells Shares to Cover Tax Obligations

SoundHound AI's Chief Technology Officer, Timothy Stonehocker, sold 16,039 shares of Class A Common Stock on June 20, 2024, to satisfy tax withholding obligations related to vesting restricted stock units.

Summary

• On June 20, 2024, Timothy Stonehocker, the Chief Technology Officer of SoundHound AI, Inc., sold 16,039 shares of Class A Common Stock.
• The shares were sold at a price of $4.0399 per share.
• This transaction was executed to cover tax withholding obligations associated with the vesting of restricted stock units.
• Following the sale, Stonehocker still beneficially owns 867,531 shares of SoundHound AI, Inc.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the transaction is a routine sale to cover tax obligations and doesn't inherently reflect a positive or negative outlook for the company.

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 a transaction investors monitor for potential insights into management's perspective.

Stakeholder Impact

• The stock sale may have a minor impact on shareholders due to the increased supply of shares, but the effect is likely minimal given the relatively small volume of shares sold compared to the total outstanding shares.

Key Dates