STOCK TITAN

BofA Reports 23.4M-Share Stake in SoundHound AI (SOUN)

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
SCHEDULE 13G

Rhea-AI Filing Summary

Bank of America Corporation reports beneficial ownership of 23,413,582 shares of SoundHound AI Class A common stock, representing 6.3% of the class. The filing shows 0 sole voting power and sole dispositive power, with 23,387,061 shares of shared voting power and 23,413,582 shares of shared dispositive power, indicating the position is held across the reporting entity and its subsidiaries.

The Schedule 13G states these securities are held in the ordinary course of business and were not acquired to change or influence control. The filing names related subsidiaries including BofA Securities, Inc., Bank of America N.A., Merrill Lynch Pierce Fenner & Smith, Inc., and U.S. Trust Co. of Delaware.

Positive

  • Material institutional stake: Bank of America beneficially owns 23,413,582 shares, representing 6.3% of SoundHound AI Class A stock.
  • Passive filing: The Schedule 13G certification states the holdings are held in the ordinary course of business and not to influence control.

Negative

  • No sole control: The reporting person reports 0 sole voting power and 0 sole dispositive power, indicating no unilateral control over the shares.

Insights

TL;DR Bank of America holds a material passive stake—6.3%—in SoundHound AI, reported under Schedule 13G as ordinary-course holdings.

The holding of 23,413,582 shares, representing 6.3% of the Class A stock, is material in size and reported with shared voting and dispositive power rather than sole control. The filer explicitly states the position is not held to influence control. For investors, this is a significant institutional ownership signal without an active control intent.

TL;DR This Schedule 13G indicates a passive, above-5% institutional stake held collectively by BofA and subsidiaries, not a control bid.

The report discloses 0 sole voting/dispositive power and substantial shared voting/dispositive power, and names the subsidiaries holding the position. The certification affirms ordinary-course holdings and no intent to change control, which aligns with a passive investor profile under Rule 13d-1.






Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)






SCHEDULE 13G





SCHEDULE 13G



BANK OF AMERICA CORP /DE/
Signature:Andres Ortiz
Name/Title:Authorized Signatory
Date:08/12/2025

FAQ

How many SoundHound AI (SOUN) shares does Bank of America beneficially own?

Bank of America beneficially owns 23,413,582 Class A shares of SoundHound AI, representing 6.3% of the class.

Does Bank of America have sole voting power over its SoundHound AI shares?

No. The filing reports 0 shares with sole voting power and 23,387,061 shares with shared voting power.

Is the Bank of America stake intended to influence control of SoundHound AI (SOUN)?

According to the filing's certification, the securities are held in the ordinary course of business and were not acquired to change or influence control of the issuer.

Which Bank of America subsidiaries are identified as holding the securities?

The filing names subsidiaries including BofA Securities, Inc., Bank of America N.A., Merrill Lynch Pierce Fenner & Smith, Inc., and U.S. Trust Co. of Delaware.

What voting and dispositive powers are reported for the position?

The report shows 0 sole voting and dispositive power, 23,387,061 shared voting power, and 23,413,582 shared dispositive power.