Summary by Futu AI
SoundHound AI's CEO, Keyvan Mohajer, executed a series of stock sales totaling 277,482 shares of Class A Common Stock between December 20 and 24, 2024. The transactions were conducted through open market or private sales at prices ranging from $19.4611 to $21.0662 per share.The largest single-day transaction occurred on December 20, 2024, with the sale of 121,194 shares at an average price of $20.3042. On December 24, 2024, Mohajer sold an additional 156,288 shares in three separate transactions at varying prices. The total market value of the disposed shares amounted to approximately $5.62 million.Following these transactions, Mohajer's direct ownership in SoundHound AI decreased to 2,021,666 shares. The sales represent a significant reduction in the CEO's holdings, potentially impacting investor sentiment regarding insider confidence in the company's near-term prospects.