SoundThinking (SSTI) Amended Form 4 Corrects Insider Sale Dates
Rhea-AI Filing Summary
Nasim Golzadeh, an officer of SoundThinking, Inc. (SSTI), amended a Form 4 to correct transaction dates for three previously reported sales of the issuer's common stock. The amended filing shows sales of 786, 977 and 231 shares on September 2, 2025, September 3, 2025 and September 4, 2025, respectively. The per-share sale prices reported in the amendment are in the $11.56 to $11.98 range, with specific filed prices of approximately $11.7862, $11.8137 and $11.7954 shown for each trade. Following the reported transactions the filing lists beneficial ownership levels of 92,578, 91,601 and 91,370 shares after each sale. The amendment states it corrects the original filing that had all trades dated September 2, 2025, and notes Golzadeh’s title as MD Technogic, EVP Investigative Solutions.
Positive
- Amendment improves transparency by correcting transaction dates and offering to provide per-price details on request
- Residual insider ownership remains after the sales (reported holdings of 92,578; 91,601; 91,370 shares), indicating continued stake
Negative
- Insider sales occurred (totaling 1,994 shares across three days), which may be perceived negatively by some investors
- Original Form 4 contained inaccurate dates, requiring correction and suggesting an initial reporting error
Insights
TL;DR: Routine insider sales were amended to correct trade dates; transactions appear administrative rather than strategic.
The amendment clarifies execution dates for three small-volume sales totaling 1,994 shares reported across three consecutive trading days and provides price ranges. The scale of the disposals relative to typical institutional holdings is modest, and the filing does not disclose any derivative transactions or 10b5-1 plan attachment. For investors this is a transparency and record-keeping update rather than a material change to company fundamentals.
TL;DR: The filing correction improves disclosure accuracy; no governance red flags are evident from the amendment itself.
Amending a Form 4 to reflect correct trade dates is consistent with compliance best practices and reduces regulatory risk from inaccurate reporting. The insider retains a substantial residual holding after the sales and the amendment explicitly offers to provide per-price breakdowns on request, indicating openness to scrutiny. No other governance issues or related-party transactions are disclosed in this document.