February 27, 2024 · Form 4 insider transaction
HOM JAMES MING sold 500,000 shares of SoundHound AI, Inc. at $6.80 per share, a transaction worth $3.40M. The trade was recorded as open-market sale under a pre-scheduled Rule 10b5-1 plan and disclosed on an SEC Form 4, filed 1 day after the transaction.
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.; This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person in September 2023.; On February 27, 2024, a 10b5-1 transaction executed and sold 500,000 shares of this reporting person's 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 $6.51 to $7.16. 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.