How significant is the 50,000-share SSTI option exercise for Veradace Partners LP?

Veradace Partners LP exercised options for 50,000 shares and now holds 2,089,805 shares in total. This means the newly acquired shares are a relatively small addition compared with its overall reported position, suggesting a routine adjustment of exposure through option mechanics.

Veradace Partners (SSTI) exercises options, holds 2.09M shares

Filing Impact

(Very High)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Veradace Partners LP, a 10% owner of SOUNDTHINKING, INC., exercised derivative securities to acquire additional common stock. On 2026-03-20, it exercised options covering 50,000 shares of Common Stock at $7.5000 per share, following assignment of previously written put options.

After the exercise, Veradace Partners LP directly holds 2,089,805 shares of SOUNDTHINKING, INC. common stock, and no remaining derivative position is shown in this filing. The transaction reflects a conversion from derivative exposure into outright share ownership rather than an open‑market sale.

Insider Trade Summary

50,000 shares exercised/converted

Mixed 2 txns

Insider Veradace Partners LP

Role 10% Owner

Type	Security	Shares	Price	Value
Exercise	SOUNDTHINKING,INC.	50,000	$7.50	$375K
Exercise	SOUNDTHINKING,INC.	50,000	$7.50	$375K

Holdings After Transaction: SOUNDTHINKING,INC. — 0 shares (Direct)

Footnotes (1)

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Form 4 Insider Transactions: What Each Field Means →

03/24/2026 - 05:36 PM

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a 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). See Instruction 10.

1. Name and Address of Reporting Person^*

Veradace Partners LP

(Last)

(First)

(Middle)

3889 MAPLE AVE

SUITE 220

(Street)

DALLAS

TEXAS

75219

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
SOUNDTHINKING, INC. [ SSTI ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

Director	X	10% Owner
Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/20/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
SOUNDTHINKING,INC.	03/20/2026		M		50,000	A	$7.5	2,089,805	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
SOUNDTHINKING,INC.	$7.5	03/20/2026		M			50,000	⁽¹⁾	03/20/2026	Common Stock	50,000	$7.5	0	D

Explanation of Responses:

1. The option was exercisable at any time prior to expiration. The reporting person was assigned on previously written put options that were automatically exercised by the broker in accordance with their terms. The reported price reflects the strike price.

Remarks:

1. This Form 4 is being filed by Veradace Partners, LP, a Delaware limited partnership ("Veradace Partners" or the "Fund") and Veradace Capital Management, LLC, a Delaware limited liability company ("Veradace Capital Management"), investment manager to the Fund.2. The price reported for each transaction in this table reflects the weighted average price of multiple same‑day transactions. On each day, the prices of the executed transactions did not vary more than a dollar. These transactions were reported on an aggregate basis pursuant to the No‑Action Letter Regarding Aggregate Reporting under Section 16(a) of the Securities Exchange Act of 1934, issued on June 25, 2008 by the Division of Corporation Finance of the Securities and Exchange Commission. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, more than $1. 3. The reporting person is an investment manager that directly holds the securities reported herein. Certain affiliated entities and individuals, by virtue of their control of the reporting person, may be deemed to share beneficial ownership of such securities for purposes of Section 16 of the Securities Exchange Act of 1934. An amendment to this Form 3 will be filed to include such additional reporting persons once the necessary EDGAR access credentials have been obtained. Each such person disclaims beneficial ownership of the reported securities except to the extent of his or its pecuniary interest therein.

	/s/ Alex Vezendan	03/24/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Veradace Partners LP report for SOUNDTHINKING (SSTI)?

Veradace Partners LP reported exercising derivative securities to acquire 50,000 SOUNDTHINKING common shares at $7.5000 per share. The transaction reflects conversion of options, assigned from previously written put options, into direct share ownership rather than an open‑market purchase or sale.

How many SOUNDTHINKING (SSTI) shares does Veradace Partners LP hold after this Form 4?

After the reported transaction, Veradace Partners LP directly holds 2,089,805 SOUNDTHINKING common shares. This figure comes from the Form 4’s post‑transaction ownership line and represents its visible direct equity position following the 50,000‑share option exercise on 2026-03-20.

At what price were the SOUNDTHINKING (SSTI) options exercised by Veradace Partners LP?

The options were exercised at a strike price of $7.5000 per share. A footnote explains the reporting person was assigned on previously written put options that were automatically exercised by the broker, with the reported price reflecting this contractual strike price.

Was Veradace Partners LP’s SSTI transaction an open-market trade or an option exercise?

The transaction was an option exercise, reported with code M for derivative exercise or conversion. A footnote states previously written put options were automatically exercised by the broker, so this reflects contractual option mechanics rather than an open‑market buy or sell order.

Does the Veradace Partners LP Form 4 for SOUNDTHINKING include tax withholding or gifts?

No tax withholding or gifts are reported in this Form 4. The transaction summary shows zero shares for tax withholding and gifts, indicating the filing only covers the 50,000‑share derivative exercise and resulting common stock position of 2,089,805 shares.