Form 4: SoundHound AI Executive James Hom Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
James Ming Hom, Chief Product Officer of SoundHound AI, sold 17,041 shares of Class A Common Stock on March 19, 2024, to satisfy tax withholding obligations related to vesting restricted stock units.
Summary
- On March 19, 2024, James Ming Hom, the Chief Product Officer of SoundHound AI, sold 17,041 shares of Class A Common Stock.
- The sale was executed at a price of $8.3656 per share.
- This transaction was conducted to cover tax withholding obligations associated with the vesting of restricted stock units.
- These restricted stock units were granted on August 4, 2022, September 7, 2022, and August 3, 2023.
- Following the transaction, James Ming Hom directly owns 495,691 shares of SoundHound AI.
- The transaction was reported on a Form 4 filing with the Securities and Exchange Commission on March 21, 2024.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing related to an executive's stock sale for tax purposes. It doesn't inherently convey positive or negative sentiment.
Industry Context
Executive stock sales are a common occurrence, often related to compensation and tax obligations. Monitoring these transactions can provide insights into management's perspective on the company's stock.
Stakeholder Impact
- The sale of shares by an executive could have a minor impact on shareholder sentiment, but is unlikely to have a significant impact as it is for tax purposes.
Key Dates
| Date | Description |
|---|---|
| May 4, 2022 | Date of the Limited Power of Attorney granted by James Ming Hom. |
| August 4, 2022 | One of the dates on which restricted stock units were granted to James Ming Hom. |
| September 7, 2022 | One of the dates on which restricted stock units were granted to James Ming Hom. |
| August 3, 2023 | One of the dates on which restricted stock units were granted to James Ming Hom. |
| March 19, 2024 | Date of the stock sale transaction. |
| March 21, 2024 | Date the Form 4 was filed with the SEC. |
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