Summary by Futu AI
Keyvan Mohajer, an officer, director, and 10% stockholder of SoundHound AI, plans to sell 121,194 shares of common stock on 12/20/2024. The transaction, valued at $2,285,112.87, involves Restricted Stock Units acquired from the issuer on the same date.This sale follows significant insider trading activity over the past three months. Mohajer sold a total of 896,979 shares, generating gross proceeds of $12,833,425.60. Notable transactions include the sale of 465,394 shares on 12/09/2024 for $7,000,084.23, and 368,041 shares on 12/06/2024 for $5,520,946.24.The consistent pattern of large-scale insider selling may be of interest to investors, potentially signaling the officer's outlook on the company's future performance or personal financial decisions. However, the reasons behind these transactions are not explicitly stated in the announcement.