Form 4: SoundHound AI VP of Engineering Sells 94,067 Shares Under 10b5-1 Plan

SoundHound AI's VP of Engineering, Majid Emami, sold 94,067 shares of Class A Common Stock at a weighted average price of $9.0541 per share.

Summary

• Majid Emami, VP of Engineering at SoundHound AI, sold 94,067 shares of Class A Common Stock on December 2, 2024.
• The sale was executed under a pre-arranged Rule 10b5-1 trading plan adopted in August 2024.
• The shares were sold at a weighted average price of $9.0541, with individual trades ranging from $8.81 to $9.51.
• Following the transaction, Emami beneficially owns 735,685 shares of SoundHound AI stock.

Sentiment

Score: 5

Explanation: The document is a routine disclosure of an insider stock sale under a pre-arranged plan, which is neither positive nor negative for the company's outlook.

Industry Context

This is a routine disclosure of an insider stock sale, which is common in publicly traded companies. The sale was conducted under a pre-arranged trading plan, which is a common practice to avoid accusations of insider trading.

Comparison to Industry Standards

• Sales by executives under 10b5-1 plans are common across the technology sector, including companies like Google (Alphabet), Microsoft, and Amazon.
• The volume of shares sold is not unusual for a VP level executive at a company of SoundHound AI's size.
• The price range of the trades is within the typical daily fluctuations of a stock like SOUN.

Stakeholder Impact

• The sale may have a minor impact on the stock price, but it is unlikely to be significant given the pre-planned nature of the transaction.

Key Dates

Keywords

SoundHound AI, insider trading, Form 4, stock sale, Rule 10b5-1, Majid Emami, equity securities