Mohajer Keyvan - Feb 15, 2024 Form 4 Insider Report for SOUNDHOUND AI, INC. (SOUN)

Signature
/s /Warren Heit, attorney-in-fact for MOHAJER KEYVAN
Stock symbol
SOUN
Transactions as of
Feb 15, 2024
Transactions value $
-$399,060
Form type
4
Date filed
2/20/2024, 07:37 PM
Previous filing
Dec 19, 2023
Next filing
Feb 28, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SOUN Class A Common Stock Sale -$399K -108K -8.14% $3.70 1.22M Feb 15, 2024 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person in September 2023
F2 This transaction was executed in multiple trades during the day at prices ranging from $3.6975 to $3.6975. 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.