Mohajer Keyvan - Sep 20, 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
Sep 20, 2024
Transactions value $
-$754,678
Form type
4
Date filed
9/24/2024, 05:00 PM
Previous 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 Sale -$442K -90.6K -3.69% $4.88 2.36M Sep 20, 2024 Direct F1
transaction SOUN Class A Common Stock Sale -$312K -63.5K -2.69% $4.92 2.3M Sep 23, 2024 Direct F2, F3
* 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 The sale reported herein was made to satisfy tax withholding obligations in connection with the vesting of shares of restricted stock units granted to the reporting person on July 20, 2022, September 7, 2022, August 3, 2023 and August 1, 2024.
F2 This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person in March 2024.
F3 This transaction was executed in multiple trades during the day at prices ranging from $4.87 to $5.02. 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.