Summary by Moomoo AI
Majid Emami, VP of Engineering at SoundHound AI, executed a series of transactions on December 6 and 9, 2024. Emami acquired a total of 666,748 shares of Class A Common Stock at $2.1777 per share through the exercise of derivative securities, then immediately sold the same number of shares in the open market.The sale transactions were completed at average prices ranging from $15.0006 to $15.0381 per share, generating total proceeds of approximately $10.01 million. These transactions resulted in a significant profit due to the price difference between acquisition and sale.Following these transactions, Emami's direct ownership in SoundHound AI stands at 735,685 shares. The strategic timing and volume of these transactions may be of interest to investors monitoring insider trading patterns and executive confidence in the company's stock.