Summary by Futu AI
Timothy Stonehocker, an officer of SoundHound AI, is set to sell 34,407 shares of common stock on December 20, 2024. The transaction, involving Restricted Stock Units (RSUs), has an estimated aggregate market value of $648,743.99.The shares were acquired from the issuer on the same date as the planned sale, indicating a same-day vesting and selling arrangement. This transaction appears to be part of a pre-planned stock sale, likely related to the executive compensation structure.No prior sales have been reported in the past three months, suggesting this is a standalone event. The company has not disclosed any changes to Stonehocker's overall shareholding position following this transaction.