Summary by Moomoo AI
Michael Zagorsek, an officer of SoundHound AI, is set to sell 277,813 shares of common stock on 12/18/2024, with an aggregate market value of $5,386,794.07. The shares were acquired through the exercise of stock options on the same date, with cash payment made to the issuer.This transaction follows recent sales by Zagorsek. On 12/16/2024, he sold 138,906 shares for $2,448,773.87, and on 09/20/2024, he sold 42,001 shares for $204,943.88. In total, Zagorsek has sold 180,907 shares in the past three months, generating gross proceeds of $2,653,717.75.The planned sale is part of a pre-arranged trading plan adopted on 03/19/2024, demonstrating a structured approach to the officer's stock transactions. This series of sales suggests a significant reduction in Zagorsek's holdings in SoundHound AI, potentially impacting investor perception of insider confidence in the company.
