Emami Majid - Jun 30, 2023 Form 4 Insider Report for SOUNDHOUND AI, INC. (SOUN)

Role
VP, Engineering, 10%+ Owner
Signature
/s /Warren Heit, attorney-in-fact for EMAMI MAJID
Stock symbol
SOUN
Transactions as of
Jun 30, 2023
Transactions value $
-$2,767,372
Form type
4
Date filed
7/5/2023, 06:04 PM
Previous filing
Jun 21, 2023
Next filing
Aug 4, 2023
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 -$302K -68.3K -18.48% $4.42 301K Jun 30, 2023 Direct F1, F2

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 -$2.47M -550K -2.96% $4.48 18M Jun 30, 2023 Class A Common Stock 550K Direct F3, F4
* 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 2023.
F2 This transaction was executed in multiple trades during the day at prices ranging from $4.21 to $4.64. 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 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.
F4 On June 30, 2023, the reporting person directed the sale of 550,000 shares of his Class B Common Stock, resulting in the automatic conversion of such shares into Class A Common Stock upon execution of the sale. This transaction was executed in multiple trades during the day at prices ranging from $4.20 to $4.66. 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.