SoundHound AI insider signals $1.0M stock sale via Form 144 filing
Rhea-AI Filing Summary
SoundHound AI, Inc. (SOUN) has filed a Form 144 indicating a proposed sale of restricted securities. The filing, submitted as a LIVE submission to the SEC, discloses the intent to sell 111,111 shares of common stock on or about 06/20/2025 through broker Morgan Stanley Smith Barney LLC on the NASDAQ exchange. The aggregate market value of the shares, based on the market price at the time of filing, is stated as $1,046,666.
The shares were acquired on the same date (06/20/2025) via an RSU/PSU award from the issuer. No prior sales within the past three months were reported, and there are no additional remarks or donor-related gift disclosures. The issuer’s total shares outstanding, as cited in the filing, are 370,790,146, meaning the proposed sale represents roughly 0.03 % of outstanding shares.
The filer’s identity, relationship to the issuer, and contact information were left blank, so the filing does not specify whether the seller is an executive, director, or other affiliate. The signature section reiterates the standard Rule 144 representation that the seller is unaware of undisclosed material adverse information.
- Form type: Form 144 – Notice of Proposed Sale of Securities
- Shares to be sold: 111,111 common shares
- Estimated value: $1.05 million
- Approximate sale date: 06/20/2025
- Broker: Morgan Stanley Smith Barney LLC (New York)
Because the stake amounts to a small fraction of shares outstanding and essential filer details are missing, the market impact is expected to be modest unless further information emerges.
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Insights
TL;DR: Minor Form 144 filing – 111k SOUN shares (~0.03 % O/S) worth $1.0 M slated for sale; identity of seller undisclosed.
This Form 144 signals an upcoming disposition of 111,111 SoundHound AI shares valued at about $1.05 million. Relative to the 370.8 million shares outstanding, the transaction is immaterial and should not affect float or liquidity in a meaningful way. The use of Morgan Stanley as broker and the RSU/PSU acquisition suggest a potential employee or affiliate liquidation upon vesting, but the lack of filer identification prevents confirmation. No prior three-month sales were declared, and the filing makes the standard assertion of no undisclosed adverse information. Unless follow-up filings (e.g., Form 4 or additional Form 144s) reveal larger cumulative sales or insider involvement, the disclosure is operationally routine and likely neutral for investors.