James Ming Hom - 16 Dec 2024 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
16 Dec 2024
Net transactions value
-$5,061,446
Form type
4
Filing time
18 Dec 2024, 18:42:47 UTC
Previous filing
06 Dec 2024
Next filing
26 Dec 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SOUN Class A Common Stock Sale $374,236 -21,878 -2.7% $17.11* 791,315 16 Dec 2024 Direct F1, F2
transaction SOUN Class A Common Stock Sale $164,784 -9,193 -1.2% $17.92* 782,122 16 Dec 2024 Direct F1, F3
transaction SOUN Class A Common Stock Sale $279,689 -14,522 -1.9% $19.26* 767,600 16 Dec 2024 Direct F1, F4
transaction SOUN Class A Common Stock Sale $252,736 -12,789 -1.7% $19.76* 754,811 16 Dec 2024 Direct F1, F5

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 $3,990,000 -200,000 -9.9% $19.95* 1,812,588 16 Dec 2024 Class A Common Stock 200,000 Direct F1, F6, F7
* 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 August 2024.
F2 This transaction was executed in multiple trades during the day at prices ranging from $16.61 to $17.60. 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.
F3 This transaction was executed in multiple trades during the day at prices ranging from $17.61 to $18.56. 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.
F4 This transaction was executed in multiple trades during the day at prices ranging from $18.68 to $19.67. 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.
F5 This transaction was executed in multiple trades during the day at prices ranging from $19.68 to $19.94. 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.
F6 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.
F7 On December 16, 2024, a 10b5-1 transaction executed and sold 200,000 shares of this reporting person's Class B Common Stock, resulting in the automatic conversion of such shares into Class A Common Stock upon execution of the sale.