SoundHound AI (SOUN) COO Michael Zagorsek Receives RSU & PSU Awards

What Happened
Michael Zagorsek, COO of SoundHound AI (SOUN), was awarded a total of 1,000,000 equity units on July 30, 2026: 750,000 restricted stock units (RSUs) and 250,000 performance stock units (PSUs). Both awards were reported as granted at $0.00 per share (standard for equity awards) and therefore have no immediate cash purchase price. The RSUs vest in 36 equal monthly installments; the PSUs are performance-based and convert to shares only if specified stock-price targets are met during the performance window ending July 30, 2029. This Form 4 is an amendment correcting the grant date and adding 1,847 shares acquired earlier through the company ESPP.

Key Details

• Transaction date: July 30, 2026 (grant date corrected from July 31, 2026 by this amendment).
• Grants: 750,000 RSUs (vest in 36 equal monthly installments); 250,000 PSUs (contingent on hitting stock-price targets through July 30, 2029).
• Reported acquisition price: $0.00 (award/grant).
• Additional disclosure in amendment: 1,847 shares acquired in May 2026 via the SoundHound AI 2022 Employee Stock Purchase Plan.
• Shares owned after transaction: Not specified in this filing.
• Filing status: Amended Form 4 — original Form 4 filed Aug 3, 2026; this Form 4/A filed Sep 17, 2026 to correct grant date and include ESPP shares.
• Footnotes: PSUs represent contingent rights to one share each if performance conditions are met.

Context

• RSUs are time-based compensation (vesting over 36 months), used for retention; PSUs are performance-based and will only convert to shares if price targets are achieved, so their ultimate value depends on future stock performance.
• These are awards (compensation), not open-market purchases or sales; they reflect company pay practices rather than an immediate insider buy/sell signal.