SoundHound AI (SOUN) CTO sells 23,087 shares to cover RSU taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
SOUNDHOUND AI, INC. Chief Technology Officer Timothy Stonehocker reported an open-market sale of 23,087 shares of Class A Common Stock at $6.7903 per share. According to the footnote, the sale was made to satisfy tax withholding obligations tied to vested restricted stock units. Following the transaction, he directly holds 521,092 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 23,087 shares ($156,768)
Net Sell
1 txn
Insider
STONEHOCKER TIMOTHY
Role
Chief Technology Officer
Sold
23,087 shs ($157K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 23,087 | $6.7903 | $157K |
Holdings After Transaction:
Class A Common Stock — 521,092 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did SOUNDHOUND AI (SOUN) report for its CTO?
SOUNDHOUND AI reported that Chief Technology Officer Timothy Stonehocker sold 23,087 shares of Class A Common Stock. The shares were sold at $6.7903 per share in an open-market transaction to cover tax obligations from restricted stock unit vesting.
Was the SOUNDHOUND AI (SOUN) CTO’s sale an open-market transaction?
Yes, the transaction is reported as an open-market sale of Class A Common Stock. However, the accompanying footnote clarifies that the sale’s purpose was to cover tax withholding obligations triggered by the vesting of previously granted restricted stock units.