SoundHound AI (SOUN) CFO John DeNeen Receives Awards

What Happened
John DeNeen, Chief Financial Officer of SoundHound AI (SOUN), reported acquisitions on Sept 4, 2026 consisting of (1) 50,573 shares received via conversion and (2) a grant of 1,000,000 restricted stock units (RSUs) reported at $0 cash paid. The filing shows no cash outlay for the 1,000,000-share award; no market dollar value is reported in the Form 4. These are awards/grants (transaction code A), not open-market purchases or sales.

Key Details

• Transaction date: 2026-09-04; Form 4 filed: 2026-09-09 (filing appears timely given the Labor Day holiday).
• Items reported:
  • 50,573 shares acquired (conversion; price: N/A) — from conversion of LivePerson holdings per Merger Agreement.
  • 1,000,000 RSUs granted @ $0.00 (acquired = $0).
• Vesting: The RSU grant is described as restricted stock units that vest in 48 equal monthly installments beginning on the grant date (footnote F3).
• Shares owned after the transaction: not specified in this filing.
• Notable footnotes: F1–F2 describe the LivePerson merger that converted LivePerson common stock and RSUs into SoundHound’s Class A shares/RSUs; F3 explains the 48-month monthly vesting schedule for the RSU grant.

Context
These entries reflect awards and merger-related conversions rather than open-market buying or selling. Awards and converted RSUs typically vest over time and do not represent immediate liquidity or market sales. For investors, grants and conversions are routine compensation/transactional events tied to corporate actions and retention incentives; they are informative about executive compensation but not direct bullish or bearish selling signals.