Keyvan Mohajer - 22 Mar 2024 Form 4 Insider Report for SOUNDHOUND AI, INC. (SOUN)

Signature
/s /Warren Heit, attorney-in-fact for MOHAJER KEYVAN
Issuer symbol
SOUN
Transactions as of
22 Mar 2024
Net transactions value
-$192,454
Form type
4
Filing time
22 Mar 2024, 20:51:40 UTC
Previous filing
21 Mar 2024
Next filing
24 Jun 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SOUN Class A Common Stock Sale $192,454 -31,665 -2.7% $6.08 1,137,831 22 Mar 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 December 2023.
F2 This transaction was executed in multiple trades during the day at prices ranging from $5.86 to $6.39. 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.