Summary by Futu AI
SoundHound AI's CEO, Keyvan Mohajer, executed a series of transactions involving Class A Common Stock on December 6 and 9, 2024. Mohajer acquired a total of 833,435 shares through the exercise of derivative securities at $2.1777 per share, then immediately sold the same number of shares in the open market.On 12/06/2024, Mohajer acquired 368,041 shares and sold them at $15.0009 per share. On 12/09/2024, he acquired and sold 465,394 shares at $15.0412 per share. The total market value of the disposed shares amounted to approximately $12.52 million.Following these transactions, Mohajer's direct ownership in SoundHound AI stands at 2,299,148 shares. The transactions appear to be part of a pre-planned trading strategy, likely for diversification or liquidity purposes.