Form 4: SoundHound AI Director Lawrence Marcus Sells 25,000 Shares
SEC Form 4
Director Lawrence Marcus sold 25,000 shares of SoundHound AI, Inc. at an average price of $9.0229 on March 15, 2024.
Summary
- On March 15, 2024, Lawrence Marcus, a director of SoundHound AI, Inc., sold 25,000 shares of Class A Common Stock.
- The sale was executed at a weighted-average price of $9.0229 per share, with prices ranging from $9.01 to $9.04.
- Following the transaction, Lawrence Marcus directly owns 258,117 shares and indirectly owns shares through the Marcus Family Trust, Dated 7/8/04.
Sentiment
Score: 4
Explanation: The sentiment is neutral to slightly negative. While insider sales are not inherently negative, they can sometimes raise concerns among investors.
Negatives
- A director selling shares could be perceived negatively by investors.
Risks
- The sale of shares by a director could indicate a lack of confidence in the company's future performance.
Industry Context
Insider sales are a common occurrence, and their significance often depends on the size of the sale, the individual's position in the company, and the overall market sentiment.
Key Dates
| Date | Description |
|---|---|
| 07/08/2004 | Date of the Marcus Family Trust |
| 04/22/2022 | Date of Limited Power of Attorney for Reporting Under Section 16(a) |
| 03/15/2024 | Date of the stock sale transaction |
| 03/19/2024 | Date of the Form 4 filing |
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