SoundHound AI (SOUN) awards RSUs and PSUs to its COO in 2026
Rhea-AI Filing Summary
ZAGORSEK MICHAEL reported acquisition or exercise transactions in this Form 4 filing.
SoundHound AI, Inc. granted Chief Operating Officer Michael Zagorsek equity awards under the company's 2022 Incentive Award Plan on July 31, 2026, consisting of 750,000 restricted stock units vesting in 36 equal monthly installments and 250,000 performance stock units tied to stock-price levels through a performance window ending July 31, 2029.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 1,000,000 shares
Net Buy
2 txns
Insider
ZAGORSEK MICHAEL
Role
Chief Operating Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock F1 | 750,000 | $0.00 | $0.00 |
| Grant/Award | Class A Common Stock F2 | 250,000 | $0.00 | $0.00 |
Holdings After Transaction:
Class A Common Stock — 2,669,497 shares (Direct)
Footnotes (2)
- F1. Represents a grant of restricted stock units under the SoundHound AI, Inc. 2022 Incentive Award Plan. These restricted stock units vest in 36 equal monthly installments.
- F2. Represents a grant of Performance Stock Units ("PSUs") under the SoundHound AI, Inc. 2022 Incentive Award Plan. Each PSU represents a contingent right to receive one share of Class A Common Stock. The PSUs will satisfy the performance-based vesting condition if the closing sales price of the Company's Common Stock reaches certain levels during the performance window ending July 31, 2029.
Key Figures
RSU grant: 750,000 shares
RSU vesting period: 36 months
PSU grant: 250,000 shares
+2 more
5 metrics
RSU grant
750,000 shares
Restricted stock units granted to the COO on July 31, 2026
RSU vesting period
36 months
RSUs vest in 36 equal monthly installments
PSU grant
250,000 shares
Performance stock units granted to the COO on July 31, 2026
Grant price
$0.0000 per share
Stated transaction price per share for both equity grants
Performance window end
July 31, 2029
End date for the PSU stock-price performance window
Key Terms
restricted stock units, Performance Stock Units ("PSUs"), contingent right, performance-based vesting condition, +1 more
5 terms
restricted stock units financial
"Represents a grant of restricted stock units under the 2022 Incentive Award Plan"
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.
Performance Stock Units ("PSUs") financial
"Represents a grant of Performance Stock Units ("PSUs") under the 2022 Incentive Award Plan"
contingent right financial
"Each PSU represents a contingent right to receive one share of Class A Common Stock"
performance-based vesting condition financial
"The PSUs will satisfy the performance-based vesting condition if the closing sales price reaches levels"
performance window financial
"during the performance window ending July 31, 2029"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What equity awards did SoundHound AI (SOUN) grant to COO Michael Zagorsek?
SoundHound AI granted COO Michael Zagorsek 750,000 restricted stock units and 250,000 performance stock units (PSUs). Both awards are under the 2022 Incentive Award Plan and relate to shares of Class A Common Stock as reported in this Form 4.
How do the 750,000 RSUs granted to SoundHound AI (SOUN) COO vest?
The 750,000 restricted stock units vest in 36 equal monthly installments. This means a fixed portion of the RSUs becomes vested each month over three years, subject to the terms of the 2022 Incentive Award Plan and any applicable service conditions.
What are the performance conditions for the 250,000 PSUs at SoundHound AI (SOUN)?
Each of the 250,000 PSUs represents a contingent right to one share of Class A Common Stock. The PSUs meet their performance-based vesting condition if the closing sales price of the common stock reaches specified levels during the performance window ending July 31, 2029.
Over what period can the PSUs for SoundHound AI (SOUN) COO satisfy their performance goals?
The PSUs have a performance window ending on July 31, 2029. During this period, the company's closing stock price must reach specified levels for the performance-based vesting condition to be satisfied and shares of Class A Common Stock to be earned.