Sharan Nitesh - Jun 27, 2024 Form 4 Insider Report for SOUNDHOUND AI, INC. (SOUN)

Role
Chief Financial Officer
Signature
/s /Warren Heit, attorney-in-fact for SHARAN NITESH
Stock symbol
SOUN
Transactions as of
Jun 27, 2024
Transactions value $
$0
Form type
4
Date filed
7/1/2024, 05:11 PM
Previous filing
Jun 24, 2024
Next filing
Aug 5, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SOUN Class A Common Stock Conversion of derivative security +122K +16.68% 850K Jun 27, 2024 Direct F1, F2

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 Series A Preferred Stock Conversion of derivative security $0 -3.33K -100% $0.00* 0 Jun 27, 2024 Class A Common Stock 122K Direct F2, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The acquisition of the Series A Preferred Stock was previously reported on a Form 4 in January 2023 in Table I and the disposition of the Series A Preferred Stock is being corrected in this Form 4 to be reported in Table II.
F2 Each share of Series A Preferred Stock was automatically converted on June 27, 2024 at the conversion ratio, which conversion ratio was determined by taking the sum of the original issue price of $30.00 per share of Series A Preferred Stock, plus all accrued dividends, divided by the conversion price of $1.00 per share.
F3 The Series A Preferred Stock was convertible at the option of the holder beginning on May 2, 2023 following the completion by the registrant of certain conditions.
F4 The Series A Preferred Stock was perpetual and therefore had no expiration date.