Summary by Futu AI
On December 20, 2024, Timothy Stonehocker, Chief Technology Officer of SoundHound AI, executed a significant stock transaction. Stonehocker sold 34,407 shares of Class A Common Stock in an open market sale at an average price of $20.3042 per share.The total value of the disposed shares amounted to approximately $698,607. Following this transaction, Stonehocker's direct ownership in SoundHound AI stands at 796,581 shares. This sale represents a reduction in the CTO'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 sell by a key executive may be of interest to investors monitoring insider trading patterns and executive confidence in SoundHound AI's future prospects.