Form 4: SoundHound AI Director Sells 20,000 Shares

SoundHound AI director, Lawrence Marcus, sold 20,000 shares of Class A Common Stock at an average price of $20.4718 on December 23, 2024.

Summary

• Lawrence Marcus, a director at SoundHound AI, sold 20,000 shares of Class A Common Stock on December 23, 2024.
• The shares were sold at a weighted average price of $20.4718, with individual trades ranging from $20.44 to $20.52.
• Following the transaction, Marcus directly owns 108,117 shares through the Marcus Family Trust, Dated 7/8/04.

Sentiment

Score: 5

Explanation: The document is a neutral report of an insider stock sale, which is a common occurrence and does not inherently indicate positive or negative sentiment.

Industry Context

This is a standard SEC Form 4 filing, which is common when company insiders trade shares. It provides transparency into the transactions of company directors and officers.

Comparison to Industry Standards

• SEC Form 4 filings are a standard practice for publicly traded companies in the United States.
• The reporting requirements are consistent across all companies and are designed to ensure transparency in insider trading.
• The sale of 20,000 shares by a director is not unusual and is within the normal range of insider transactions.

Stakeholder Impact

• The sale of shares by a director may have a minor impact on shareholder sentiment, but is unlikely to have a significant impact on the company's operations or financial health.

Key Dates

Keywords

SoundHound AI, insider trading, stock sale, Class A Common Stock, Lawrence Marcus, director