Summary by Futu AI
James M Hom, Director and Officer of SoundHound AI, plans to sell 53,891 common shares on 12/04/2024. The shares, acquired as Restricted Stock Units on 06/20/2023, have an aggregate market value of approximately $478,552.08.Previously, Hom sold 21,024 common shares on 09/20/2024, generating gross proceeds of $102,586.61. This transaction is part of a broader strategy, as indicated by the plan adopted on 05/31/2024.Investors should note the significant volume of shares being sold, reflecting strategic decisions by company insiders. The sale's completion will impact the market dynamics and investor sentiment towards SoundHound AI, given the substantial value involved.