SoundHound AI (SOUN) COO Michael Zagorsek Receives Awards

What Happened
Michael Zagorsek, Chief Operating Officer of SoundHound AI (SOUN), was granted a total of 1,000,000 equity awards on July 31, 2026: 750,000 restricted stock units (RSUs) and 250,000 performance stock units (PSUs). Both grants were reported as acquisitions at $0.00 (i.e., no cash paid). RSUs vest monthly over 36 months; PSUs are contingent on reaching specified stock-price performance targets during a performance window ending July 31, 2029.

Key Details

• Transaction date: July 31, 2026; Filing date: August 3, 2026 (filing appears timely).
• Award breakdown: 750,000 RSUs (time-based) + 250,000 PSUs (performance-based) = 1,000,000 units.
• Price reported: $0.00 per share (grant/award).
• Vesting/conditions: RSUs vest in 36 equal monthly installments. PSUs convert to shares only if stock-price hurdles are met by July 31, 2029.
• Shares owned after transaction: not specified in the provided filing excerpt.
• Transaction code: A (award/grant).

Context
These are equity compensation awards, common for executives and meant to align incentives — RSUs provide time-based retention; PSUs require performance triggers tied to the share price. Awards reported at $0 are standard for grants and do not represent an open-market purchase or sale. As with all insider grants, the eventual ownership value depends on vesting and satisfaction of performance conditions.