Form 4: SoundHound AI Director Lawrence Marcus Sells 50,000 Shares
SEC Form 4 Filing
Director Lawrence Marcus of SoundHound AI, Inc. (SOUN) sold 50,000 shares of Class A Common Stock on August 20, 2024, at a weighted average price of $5.0194.
Summary
- On August 20, 2024, Lawrence Marcus, a director of SoundHound AI, Inc. (SOUN), sold 50,000 shares of Class A Common Stock.
- The sale was executed at a weighted average price of $5.0194 per share.
- Following the transaction, Marcus directly owns 74,038 shares of SoundHound AI, Inc.
- The transaction was reported on a Form 4 filing with the SEC on August 22, 2024.
Sentiment
Score: 5
Explanation: The document is a standard SEC Form 4 filing, indicating a transaction by a company insider. It is neutral in sentiment as it simply reports facts.
Industry Context
Sales of shares by company directors are a common occurrence and are publicly disclosed to ensure transparency. The market may interpret such sales in various ways, but they do not necessarily indicate a negative outlook for the company.
Stakeholder Impact
- Shareholders may react to the news of the director's share sale, although the impact is likely to be minimal given the relatively small number of shares sold.
Key Dates
| Date | Description |
|---|---|
| 2022/04/22 | Date of Limited Power of Attorney for Reporting Under Section 16(a) of the Securities Exchange Act of 1934 |
| 08/20/2024 | Date of transaction: Lawrence Marcus sold 50,000 shares of SoundHound AI, Inc. |
| 08/22/2024 | Date of Form 4 filing with the SEC. |
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