Summary by Moomoo AI
SoundHound AI officer Seyed Majid Emami plans to sell 298,086 common shares on 12/09/2024, with an estimated market value of $4,474,270.86. The shares were acquired through the exercise of stock options on the same date, with cash payment to the issuer.This transaction is part of a larger selling pattern. Over the past three months, Emami has sold a total of 483,753 shares, generating gross proceeds of $6,484,427.38. Recent sales include 368,662 shares on 12/06/2024 for $5,530,151.20, 94,067 shares on 12/02/2024 for $851,689.57, and 21,024 shares on 09/20/2024 for $102,586.61.The sale is executed under a plan adopted on 08/28/2024, indicating a pre-arranged trading strategy. This consistent selling activity by a company officer may be of interest to investors monitoring insider transactions and their potential impact on SoundHound AI's stock performance.