| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | SOUN | Class A Common Stock | Sale | -$250K | -50K | -8.62% | $5.00* | 530K | Feb 26, 2024 | See footnote | F1, F2, F3 |
| transaction | SOUN | Class A Common Stock | Sale | -$285K | -40K | -7.54% | $7.12* | 490K | Feb 27, 2024 | See footnote | F1, F3 |
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).
| Id | Content |
|---|---|
| F1 | This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person in June 2023. |
| F2 | This transaction was executed in multiple trades during the day at prices ranging from $5.00 to $5.01. 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 | Represents securities held by the Ball Axline Living Trust (dated July 22, 2014) (the "Trust"). The Reporting Person is a joint trustee of the Trust. The beneficiaries of the Trust are immediate family members currently sharing the Reporting Persons' household. The Reporting Person disclaims beneficial ownership of these securities. |