SoundHound AI (SOUN) awards 400,000 RSUs to CSO and major holder
Rhea-AI Filing Summary
SoundHound AI, Inc. reported that officer and ten percent owner Majid Emami, CSO & SVP, Engineering, acquired 400,000 shares of Class A Common Stock through a grant of restricted stock units under the 2022 Incentive Award Plan. These RSUs vest in 36 equal monthly installments, bringing his direct holdings to 872,983 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 400,000 shares
Net Buy
1 txn
Insider
EMAMI MAJID
Role
CSO & SVP, Engineering
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock F1 | 400,000 | $0.00 | $0.00 |
Holdings After Transaction:
Class A Common Stock — 872,983 shares (Direct)
Footnotes (1)
- 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.
Key Figures
RSU Grant Size: 400,000 shares of Class A Common Stock
Post-transaction Holdings: 872,983 shares
Vesting Schedule: 36 equal monthly installments
+1 more
4 metrics
RSU Grant Size
400,000 shares of Class A Common Stock
Restricted stock units granted to Majid Emami
Post-transaction Holdings
872,983 shares
Direct Class A Common Stock held by Majid Emami after the grant
Vesting Schedule
36 equal monthly installments
Vesting terms of the 400,000 restricted stock units
Reported Grant Price
$0.00 per share
Transaction price per share for the RSU award
Key Terms
restricted stock units, 2022 Incentive Award Plan, Class A Common Stock
3 terms
restricted stock units financial
"Represents a grant of restricted stock units under the SoundHound AI, Inc. 2022"
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.
2022 Incentive Award Plan financial
"grant of restricted stock units under the SoundHound AI, Inc. 2022 Incentive Award Plan"
Class A Common Stock financial
"security_title": "Class A Common Stock""
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did SoundHound AI (SOUN) report for Majid Emami?
SoundHound AI reported that Majid Emami, its CSO & SVP, Engineering and a ten percent owner, received a grant of 400,000 restricted stock units of Class A Common Stock under the company’s 2022 Incentive Award Plan.
What are the vesting terms of Majid Emami’s 400,000 RSU grant at SoundHound AI (SOUN)?
The 400,000 restricted stock units granted to Majid Emami vest in 36 equal monthly installments. This means the award vests gradually over a three-year period, aligning ongoing share delivery with continued service at SoundHound AI.
What type of security did Majid Emami acquire in the SoundHound AI (SOUN) Form 4 filing?
The filing shows that Majid Emami acquired Class A Common Stock in the form of restricted stock units. These RSUs were granted at a reported price of $0.00 per share under the company’s 2022 Incentive Award Plan.
Under which plan were the 400,000 RSUs granted to Majid Emami at SoundHound AI (SOUN)?
The 400,000 restricted stock units granted to Majid Emami were issued under the SoundHound AI, Inc. 2022 Incentive Award Plan. The plan provides for equity-based awards such as RSUs to company personnel.