STONEHOCKER TIMOTHY 4
Research Summary
AI-generated summary
SoundHound AI (SOUN) CTO Timothy Stonehocker Sells Shares
What Happened
Timothy Stonehocker, Chief Technology Officer of SoundHound AI (SOUN), sold 23,087 shares on 2026-03-20 at $6.79 per share, generating proceeds of approximately $156,768. The Form 4 reports the sale (code S) and a footnote indicates the sale was to satisfy tax-withholding obligations tied to vested restricted stock units.
Key Details
- Transaction date: 2026-03-20; Price: $6.79 per share; Total proceeds: ~$156,768.
- Transaction type: Sale (reported as "open market or private sale" — Form 4 code S).
- Footnote F1: Sale made to satisfy tax withholding for RSUs granted 8/4/2022, 8/3/2023 and 8/1/2024 (tax-withholding sale, often routine).
- Filing date: 2026-03-24; filing appears timely (within the two-business-day Form 4 reporting window).
- Shares owned after transaction: Not specified in the provided filing details.
Context
This was a tax-withholding sale related to RSU vesting (common and typically routine) rather than a discretionary open-market sell for investment reasons. Such withholding sales are standard and should not be interpreted on their own as a positive or negative signal about insider sentiment.