Form 4: SoundHound CTO Sells Shares for Tax Obligations

Sentiment:

Insider Transaction Report


SoundHound AI's Chief Technology Officer, Timothy Stonehocker, sold 23,087 shares of Class A Common Stock to cover tax withholding obligations.

Summary

  • Timothy Stonehocker, Chief Technology Officer of SoundHound AI, Inc. (SOUN), reported a sale of Class A Common Stock.
  • The transaction occurred on March 20, 2026, involving 23,087 shares.
  • The shares were sold at a price of $6.7903 per share.
  • The sale was made to satisfy tax withholding obligations related to the vesting of restricted stock units (RSUs) granted on August 4, 2022, August 3, 2023, and August 1, 2024.
  • Following this transaction, Timothy Stonehocker directly beneficially owns 521,092 shares of Class A Common Stock.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event. The sale is a non-discretionary transaction to cover tax obligations associated with RSU vesting, which is a routine part of executive compensation.

Industry Context

StockSavvy.ai notes that insider sales to cover tax withholding obligations upon restricted stock unit (RSU) vesting are a common and routine occurrence across industries, typically not indicative of a change in management's outlook on the company's future prospects.

Stakeholder Impact

  • Shareholders: Minimal direct impact as this is a routine tax-related transaction and not a discretionary sale indicating a change in sentiment.

Key Dates

DateDescription
05/05/2022Limited Power of Attorney granted by Timothy Stonehocker.
08/04/2022Grant date for a portion of restricted stock units.
08/03/2023Grant date for a portion of restricted stock units.
08/01/2024Grant date for a portion of restricted stock units.
03/20/2026Date of Class A Common Stock sale by Timothy Stonehocker.
03/24/2026Date Form 4 was signed by attorney-in-fact.

Recommendation

hold

The transaction is a non-discretionary sale by an insider to satisfy tax withholding obligations upon the vesting of restricted stock units. This is a common and routine event that does not typically signal a change in the company's fundamentals or the insider's long-term view, thus warranting a 'hold' recommendation based solely on this filing.

Keywords

SoundHound AI, SOUN, Insider Trading, Form 4, Stock Sale, CTO, Restricted Stock Units, Tax Withholding

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