Form 4: SoundHound AI Executive James Hom Sells Shares to Cover Tax Obligations
SEC Form 4
James Ming Hom, Chief Product Officer of SoundHound AI, sold 21,024 shares of Class A Common Stock on September 20, 2024, to cover tax withholding obligations related to vesting restricted stock units.
Summary
- On September 20, 2024, James Ming Hom, the Chief Product Officer of SoundHound AI, sold 21,024 shares of Class A Common Stock.
- The sale was executed at a price of $4.8795 per share.
- This transaction was conducted to satisfy tax withholding obligations associated with the vesting of restricted stock units.
- These restricted stock units were granted on August 4, 2022, September 7, 2022, August 3, 2023 and August 1, 2024.
- Following the transaction, Hom directly owns 865,965 shares of SoundHound AI's Class A Common Stock.
Sentiment
Score: 5
Explanation: The document is a standard Form 4 filing, indicating a routine stock sale for tax purposes. It doesn't convey any particularly positive or negative sentiment about the company's prospects.
Industry Context
Executive stock sales are a common occurrence in publicly traded companies, often related to compensation and tax planning. The sale itself doesn't necessarily indicate a negative outlook for the company, but it's something investors often monitor.
Stakeholder Impact
- The sale could have a minor, temporary impact on shareholders due to the increased supply of shares in the market.
Key Dates
| Date | Description |
|---|---|
| May 4, 2022 | Date of Limited Power of Attorney for reporting under Section 16(a) of the Securities Exchange Act of 1934. |
| August 4, 2022 | Grant date of restricted stock units. |
| September 7, 2022 | Grant date of restricted stock units. |
| August 3, 2023 | Grant date of restricted stock units. |
| August 1, 2024 | Grant date of restricted stock units. |
| September 20, 2024 | Date of the stock sale transaction. |
| September 24, 2024 | Date of the Form 4 filing. |
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