Summary by Moomoo AI
Timothy Stonehocker, Chief Technology Officer of SoundHound AI, Inc. (SOUN), was granted 400,000 shares of Class A Common Stock on August 1, 2024. The transaction, which was completed on the same day, was a grant and did not involve any monetary transaction, as the shares were acquired at a price of $0.00. Following this grant, Stonehocker's total direct holdings in the company increased to 1,059,531 shares. The grant is part of the company's compensation strategy for its executives and is likely to align the interests of the management with those of the shareholders.
