ZAGORSEK MICHAEL - 16 Dec 2024 Form 4 Insider Report for SOUNDHOUND AI, INC. (SOUN)

Role
Chief Operating Officer
Signature
/s /Warren Heit, attorney-in-fact for ZAGORSEK MICHAEL
Issuer symbol
SOUN
Transactions as of
16 Dec 2024
Net transactions value
-$7,452,077
Form type
4
Filing time
18 Dec 2024, 18:43:38 UTC
Previous filing
24 Sep 2024
Next filing
26 Dec 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 $300,245 +138,906 +9.4% $2.16 1,612,228 16 Dec 2024 Direct F1
transaction SOUN Class A Common Stock Sale $2,448,774 -138,906 -8.6% $17.63* 1,473,322 16 Dec 2024 Direct F1, F2
transaction SOUN Class A Common Stock Options Exercise $300,245 +138,906 +9.4% $2.16 1,612,228 18 Dec 2024 Direct F1
transaction SOUN Class A Common Stock Sale $2,778,634 -138,906 -8.6% $20.00* 1,473,322 18 Dec 2024 Direct F1, F3
transaction SOUN Class A Common Stock Options Exercise $300,245 +138,906 +9.4% $2.16 1,612,228 18 Dec 2024 Direct F1
transaction SOUN Class A Common Stock Sale $3,125,385 -138,906 -8.6% $22.50* 1,473,322 18 Dec 2024 Direct F1
transaction SOUN Class A Common Stock Options Exercise $2.18 +1 +0% $2.18 1,473,323 18 Dec 2024 Direct
transaction SOUN Class A Common Stock Sale $22.5 -1 -0% $22.50* 1,473,322 18 Dec 2024 Direct

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 -138,906 -33% $0.000000 277,812 16 Dec 2024 Class A Common Stock 138,906 $2.16 Direct F1, F4
transaction SOUN Stock Options (Right to buy) Options Exercise $0 -1 -0% $0.000000 138,905 18 Dec 2024 Class A Common Stock 1 $2.18 Direct F5
transaction SOUN Stock Options (Right to buy) Options Exercise $0 -138,906 -50% $0.000000 138,906 18 Dec 2024 Class A Common Stock 138,906 $2.16 Direct F1, F4
transaction SOUN Stock Options (Right to buy) Options Exercise $0 -138,906 -100% $0.000000 0 18 Dec 2024 Class A Common Stock 138,906 $2.16 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 March 2024.
F2 This transaction was executed in multiple trades during the day at prices ranging from $17.50 to $17.77. 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 $20.00 to $20.05. 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 pursuant to that certain Merger Agreement, dated as of November 15, 2021, by and among Archimedes Tech SPAC Partners Co., ATSPC Merger Sub, Inc. and SoundHound, Inc. ("SoundHound") (the "Transaction"), in exchange for SoundHound stock options granted on July 26, 2016. The shares subject to the option vested 25% on July 11, 2017 and is fully vested as of the date of this filing.
F5 Represents stock options issued in the Transaction in exchange for SoundHound stock options granted on September 6, 2017. The shares subject to the option vested 25% on August 1, 2018 and is fully vested as of the date of this filing.