Form 4: SoundHound AI Director Diana Sroka Executes Stock Sale Under 10b5-1 Plan
SEC Form 4 Filing
Director Diana Sroka sold 3,402 shares of SoundHound AI (SOUN) at $10.08 per share under a pre-arranged Rule 10b5-1 trading plan.
Summary
- On March 24, 2025, Diana Sroka, a director of SoundHound AI, Inc. (SOUN), sold 3,402 shares of Class A Common Stock.
- The sale was executed at a price of $10.08 per share.
- This transaction was conducted under a Rule 10b5-1 trading plan adopted in August 2024.
- Following the transaction, Sroka directly owns 138,850 shares of SoundHound AI.
Sentiment
Score: 5
Explanation: The document is a standard SEC Form 4 filing, indicating a routine stock sale by a company director under a pre-arranged trading plan. It doesn't inherently convey positive or negative sentiment.
Industry Context
Sales by company directors are a normal part of corporate governance. The use of a 10b5-1 plan indicates that the director is selling shares at predetermined times and prices to avoid accusations of insider trading.
Stakeholder Impact
- The stock sale may have a minor impact on shareholders, but the use of a 10b5-1 plan suggests it was pre-planned and not based on inside information.
Key Dates
| Date | Description |
|---|---|
| May 4, 2022 | Date of the Limited Power of Attorney granted by Diana Sroka. |
| August 2024 | Adoption date of the Rule 10b5-1 trading plan. |
| March 24, 2025 | Date of the stock sale transaction. |
Keywords
Form 4, SoundHound AI, SOUN, Diana Sroka, Stock Sale, Rule 10b5-1, Director, Beneficial Ownership
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