Mohajer Keyvan - Dec 6, 2024 Form 4 Insider Report for SOUNDHOUND AI, INC. (SOUN)

Role: CEO, Director, 10%+ Owner
Signature: /s /Warren Heit, attorney-in-fact for MOHAJER KEYVAN
Stock symbol: SOUN
Transactions as of: Dec 6, 2024
Transactions value $: -$10,706,059
Form type: 4
Date filed: 12/10/2024, 09:30 PM
Previous filing: Sep 24, 2024
Next filing: Dec 26, 2024
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	Options Exercise	$801K	+368K	+16.01%	$2.18	2.67M	Dec 6, 2024	Direct	F1
transaction	SOUN	Class A Common Stock	Sale	-$5.52M	-368K	-13.8%	$15.00^*	2.3M	Dec 6, 2024	Direct	F1, F2
transaction	SOUN	Class A Common Stock	Options Exercise	$1.01M	+465K	+20.24%	$2.18	2.76M	Dec 9, 2024	Direct	F1
transaction	SOUN	Class A Common Stock	Sale	-$7M	-465K	-16.83%	$15.04^*	2.3M	Dec 9, 2024	Direct	F1, F3

Showing 1 to 4 of 4 entries

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	Stock Options (Right to buy)	Options Exercise	$0	-368K	-44.16%	$0.00	465K	Dec 6, 2024	Class A Common Stock	368K	$2.18	Direct	F1, F4
transaction	SOUN	Stock Options (Right to buy)	Options Exercise	$0	-465K	-100%	$0.00	0	Dec 9, 2024	Class A Common Stock	465K	$2.18	Direct	F1, 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 August 2024.
F2	This transaction was executed in multiple trades during the day at prices ranging from $15.00 to $15.08. 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	This transaction was executed in multiple trades during the day at prices ranging from $15.00 to $15.23. 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.
F4	Represents stock options issued in the Transaction in exchange for SoundHound stock options granted on March 28, 2017. The shares subject to the option vested 100% at grant date.