ZAGORSEK MICHAEL 4
Research Summary
AI-generated summary
SoundHound AI (SOUN) COO Michael Zagorsek Sells Shares
What Happened
- Michael Zagorsek, Chief Operating Officer of SoundHound AI (SOUN), sold 64,994 shares on June 15, 2026 at $7.46 per share, generating approximately $484,712. The sale is reported as an open market or private sale and is coded as a sale (S).
Key Details
- Transaction date and price: June 15, 2026 — 64,994 shares at $7.46 each (total ≈ $484,712).
- Filing date / report period: Form filed June 17, 2026; period of report June 15, 2026 — filing appears timely.
- Shares owned after transaction: Not specified in the provided filing excerpt.
- Footnote: The sale was made to satisfy tax withholding obligations related to the vesting of restricted stock units granted on Aug 4, 2022; Aug 3, 2023; Aug 1, 2024; and Jul 31, 2025 (footnote F1).
- Transaction codes: S = Sale; footnote indicates tax-withholding disposition (F).
Context
- Sales to cover tax withholding on vested RSUs are common and routine and do not necessarily signal a view on the company’s prospects. This was a disposal, not a new purchase or option exercise.