Summary by Moomoo AI
On December 20, 2024, James Ming Hom, Chief Product Officer of SoundHound AI, executed a significant stock transaction. Hom sold 36,771 shares of Class A Common Stock in an open market or private sale at an average price of $20.3042 per share.The total value of the disposed shares amounted to approximately $746,606. Following this transaction, Hom's direct ownership in SoundHound AI decreased to 718,040 shares. This sale represents a reduction in Hom's stake in the company, potentially impacting his overall position as a key executive.The transaction was reported as completed, indicating that all regulatory requirements for the stock sale have been met. This insider selling activity may be of interest to investors monitoring executive confidence and ownership patterns in SoundHound AI.