Summary by Futu AI
On December 20, 2024, Nitesh Sharan, Chief Financial Officer of SoundHound AI, executed a significant stock transaction. Sharan sold 57,761 shares of Class A Common Stock in an open market or private sale at an average price of $20.3042 per share.The total value of the disposed shares amounted to approximately $1.17 million. Following this transaction, Sharan's direct ownership in SoundHound AI stands at 1,502,650 shares. This sale represents a reduction in the CFO's holdings but still leaves him with a substantial stake in the company.The transaction was reported as completed, indicating that all regulatory requirements for the sale have been met. This insider activity may be of interest to investors monitoring executive confidence and liquidity events within SoundHound AI.