Summary by Moomoo AI
On December 20, 2024, Michael Zagorsek, Chief Operating Officer of SoundHound AI, executed a significant stock transaction. Zagorsek sold 60,796 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 $1.23 million. Following this transaction, Zagorsek's direct ownership in SoundHound AI stands at 1,412,526 shares. This sale represents a reduction in the COO's holdings but still leaves him with a substantial stake in the company.The transaction was reported as completed, indicating that all regulatory requirements for the stock sale have been met. This insider activity may be of interest to investors as it provides insight into executive sentiment and potential future company performance.
