Summary by Moomoo AI
SoundHound AI's Chief Operating Officer, Michael Zagorsek, executed a series of planned stock transactions between 12/16/2024 and 12/18/2024. Zagorsek acquired and subsequently sold 416,719 shares of Class A Common Stock through multiple transactions.The acquisitions were made through the exercise of derivative securities at prices ranging from $2.1615 to $2.1777 per share. The disposals were conducted via open market or private sales, with prices varying from $17.629 to $22.5 per share. The total market value of the disposed shares amounted to approximately $8.35 million.Following these transactions, Zagorsek's direct ownership in SoundHound AI stands at 1,473,322 shares. The transactions appear to be part of a pre-planned trading strategy, likely for diversification or liquidity purposes. These actions do not necessarily reflect the executive's view on the company's future performance.
