James Ming Hom - 23 Jun 2023 Form 4 Insider Report for SOUNDHOUND AI, INC. (SOUN)

Role: Chief Product Officer, Director
Signature: /s /Warren Heit, attorney-in-fact for HOM JAMES MING
Issuer symbol: SOUN
Transactions as of: 23 Jun 2023
Net transactions value: -$1,806,350
Form type: 4
Filing time: 27 Jun 2023, 18:00:41 UTC
Previous filing: 21 Jun 2023
Next filing: 04 Aug 2023
SEC: View on sec.gov

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	SOUN	Class B Common Stock	Sale	$1,806,350	-500,000	-11%	$3.61	4,012,588	23 Jun 2023	Class A Common Stock	500,000		Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each share of Class B Common Stock is convertible into one share of Class A Common Stock at any time at the option of the reporting person or automatically or on the earliest to occur of certain events specified. The Class B Common Stock has no expiration date.
F2	On June 23, 2023, the reporting person directed the sale of 500,000 shares of his Class B Common Stock, resulting in the automatic conversion of such shares into Class A Common Stock upon execution of the sale. This transaction was executed in multiple trades during the day at prices ranging from $3.50 to $3.79. The weighted-average price is reported above. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transactions were effected.

Content

Each share of Class B Common Stock is convertible into one share of Class A Common Stock at any time at the option of the reporting person or automatically or on the earliest to occur of certain events specified. The Class B Common Stock has no expiration date.

On June 23, 2023, the reporting person directed the sale of 500,000 shares of his Class B Common Stock, resulting in the automatic conversion of such shares into Class A Common Stock upon execution of the sale. This transaction was executed in multiple trades during the day at prices ranging from $3.50 to $3.79. The weighted-average price is reported above. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transactions were effected.