SoundHound AI (SOUN) COO sells 64,994 shares to cover RSU tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
SoundHound AI, Inc. Chief Operating Officer Michael Zagorsek reported an open-market sale of 64,994 shares of Class A common stock at an average price of $7.4578 per share on June 15, 2026. According to the footnote, the sale was made to satisfy tax withholding obligations related to vesting restricted stock units. After this transaction, he directly holds 1,669,497 shares of Class A common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 64,994 shares ($484,712)
Net Sell
1 txn
Insider
ZAGORSEK MICHAEL
Role
Chief Operating Officer
Sold
64,994 shs ($485K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 64,994 | $7.4578 | $485K |
Holdings After Transaction:
Class A Common Stock — 1,669,497 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares sold: 64,994 shares
Average sale price: $7.4578 per share
Shares held after transaction: 1,669,497 shares
3 metrics
Shares sold
64,994 shares
Open-market sale on June 15, 2026
Average sale price
$7.4578 per share
Class A Common Stock sale
Shares held after transaction
1,669,497 shares
Direct Class A common stock holdings post-sale
Key Terms
restricted stock units, tax withholding obligations, open-market sale
3 terms
restricted stock units financial
"vesting of shares of restricted stock units granted to the reporting person"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax withholding obligations financial
"made to satisfy tax withholding obligations in connection with the vesting"
open-market sale financial
"transaction_action": "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
FAQ
What insider transaction did SOUNDHOUND AI (SOUN) report for its COO?
SoundHound AI reported that its COO, Michael Zagorsek, sold 64,994 shares of Class A common stock. The sale occurred on June 15, 2026, as an open-market transaction and was tied to tax withholding obligations from vesting restricted stock units.
What type of security was involved in the SOUNDHOUND AI COO Form 4?
The transaction involved SoundHound AI Class A Common Stock. The Form 4 reports an open-market sale of 64,994 shares at an average price of $7.4578 per share, tied to tax withholding for vesting restricted stock units.