SOUN director executes 10b5-1 sale of 41,167 shares at $20
Rhea-AI Filing Summary
Director and VP of Engineering Emami Majid reported a sale of 41,167 shares of Class A common stock of SoundHound AI, Inc. (SOUN) at a price of $20 per share on 10/08/2025. After the transaction, the reporting person beneficially owned 608,186 shares. The filing states the sale was executed under a Rule 10b5-1 trading plan adopted in March 2025, indicating the trades were pre-authorized according to the plan's terms.
The report is a routine Section 16 disclosure of insider stock sales and does not include derivative activity. The signature shows the filing was submitted by an attorney-in-fact on behalf of the reporting person on 10/10/2025.
Positive
- Sale executed under a Rule 10b5-1 plan, indicating pre-authorized trading
- Substantial remaining ownership after the sale: 608,186 shares
Negative
- Insider disposed of 41,167 shares, reducing direct holdings
- Transaction realized at $20 per share, which may reflect insider liquidity
Insights
Insider sale followed a pre-established 10b5-1 plan, maintaining substantial remaining ownership.
The sale of 41,167 shares at $20 was reported as executed under a Rule 10b5-1 trading plan adopted in March 2025, which typically indicates a pre-authorized, routine disposition rather than ad hoc trading. The filing also shows the reporting person still holds 608,186 shares, reflecting continued meaningful ownership.
Dependencies and risks include the specific terms of the trading plan and market price movements around 10/08/2025. Investors may note the transaction date and remaining share count as near-term governance signals; any further scheduled plan transactions would be disclosed in future Section 16 filings.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 41,167 | $20.00 | $823K |
Footnotes (1)
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FAQ
What did Emami Majid report for SOUNDHOUND AI (SOUN)?
Does the Form 4 show any derivative transactions for SOUN?
Who filed the Form 4 for the insider transaction?
What is the reporting person’s role at SoundHound AI?