ZAGORSEK MICHAEL 4
Research Summary
AI-generated summary
SoundHound AI COO Michael Zagorsek Sells 52,968 Shares
What Happened
Michael Zagorsek, Chief Operating Officer of SoundHound AI (SOUN), reported a sale of 52,968 shares on 2026-03-20 at $6.79 per share, generating proceeds of $359,669. The transaction is a sale (not a purchase) and was reported as an open-market or private sale; the filing indicates it was made 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: $359,669.
- Transaction type: Sale (reported as open market or private sale).
- Footnote: Sale was to satisfy tax withholding for RSUs granted on 8/4/2022, 8/3/2023, 8/1/2024 and 7/31/2025.
- Shares owned after transaction: Not specified in the information provided.
- Timeliness: Form filed 2026-03-24 (timely — within the SEC’s two business-day filing window).
Context: This sale was explicitly for tax withholding on vested RSUs, a common administrative transaction that does not necessarily reflect the insider’s view of the company’s prospects. No 10b5-1 plan or other trading arrangement was disclosed in the provided summary.