Stonehocker Timothy - Jul 11, 2024 Form 4 Insider Report for SOUNDHOUND AI, INC. (SOUN)

Signature
/s /Warren Heit, attorney-in-fact for STONEHOCKER TIMOTHY
Stock symbol
SOUN
Transactions as of
Jul 11, 2024
Transactions value $
-$1,196,478
Form type
4
Date filed
7/15/2024, 05:31 PM
Previous filing
Jun 24, 2024
Next 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 -$1.2M -208K -23.98% $5.75 660K Jul 11, 2024 Direct F1, F2
* 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 March 2024.
F2 This transaction was executed in multiple trades during the day at prices ranging from $5.50 to $6.01. 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.