<div class="textg" style="text-align: justify; font-weight: lighter; line-height: 1.3em; font-size: 15px; border-radius: 3px; color: #80909a; padding: 10px; background-color: #F4F6F9; margin-bottom: 15px;">
 Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our&nbsp;<a href="https://tokenist.com/terms-of-service/" style="text-decoration:underline;color:#3c7b7b" target="_blank" rel="noopener noreferrer nofollow" class="deco-link">website policy</a>&nbsp;prior to making financial decisions.
</div>
<p class="has-drop-cap">SoundHound AI Inc. (NASDAQ: SOUN), a <a href="https://tokenist.com/soundhound-inc-s-shares-surges-after-nvidias-stake-revealed/" rel="noopener noreferrer nofollow" class="deco-link">prominent player</a> in the voice-enabled AI and conversational intelligence technology sector, has recently been in the spotlight due to <a aria-label="significant insider selling activities (opens in a new tab)" href="https://www.secform4.com/insider-trading/1840856.htm" target="_blank" rel="noopener noreferrer nofollow" class="deco-link">significant insider selling activities</a> and stock price volatility.</p>
<p>The company’s top executives, including the CEO, COO, and VP of Engineering, have sold many shares, raising questions about their confidence in the firm’s prospects. This insider selling coincides with a noticeable downturn in SoundHound AI stock price.</p>
<h3 id="insider-selling-at-soundhound-ai-inc">Insider Selling at SoundHound AI Inc.</h3>
<p>In a series of transactions on March 19, 2024, critical insiders at SoundHound AI Inc., a leader in voice-enabled AI and conversational intelligence technologies, <a href="https://tokenist.com/investing/what-is-insider-trading/" rel="noopener noreferrer nofollow" class="deco-link">sold</a> their shares. <br><br>Michael Zagorsek, the Chief Operating Officer, disposed of 24,105 shares at an average price of $8.37, resulting in a total sale value of approximately $201,718.85. Meanwhile, Keyvan Mohajer, the company’s CEO and 10% owner sold 48,837 shares at the same price point, amassing about $408,837.79 from the transaction.</p>
<p>Further sales underscored the trend, with Majid Emami, Vice President of Engineering, selling 17,041 shares at an average price of $8.3656, which netted approximately $142,558. This sale was particularly noted to satisfy tax withholding obligations related to vesting shares from restricted stock units granted to Emami. Additionally, Eric R. Ball, a company director, liquidated 90,000 shares at an average price of $5.94, collecting around $534,810.</p>
<div class="cta-referral"><img src="https://tokenist.com/wp-content/themes/thetokenist/assets/img/del/cta-referral-1.png" alt="" class="cta-referral__img" loading="lazy" decoding="async">
 <div class="cta-referral__text">
  <p>Join our&nbsp;<a href="https://t.me/thetokenist" target="_blank" rel="noopener noreferrer nofollow" class="deco-link">Telegram group&nbsp;and never miss a breaking story.</a></p>
 </div>
</div>
<h3 id="soundhound-ai-inc-continues-downturn-in-premarket-trading-friday">SoundHound AI Inc. Continues Downturn in Premarket Trading Friday</h3>
<p>SoundHound AI Inc. witnessed notable volatility in its stock price in recent trading, underscoring the fluctuating investor sentiment surrounding the voice-enabled <a href="https://tokenist.com/amd-vs-nvidia-in-2024-which-ai-stock-makes-more-sense-for-your-portfolio/" rel="noopener noreferrer nofollow" class="deco-link">AI</a> and conversational intelligence technology firm. <br><br>The stock closed at $6.68 on Thursday, experiencing a sharp decline of $1.25, or -15.76%. This downturn continued in pre-market trading, where it was already down by $0.64, or -9.58%, at the time of writing.</p>
<p>The movement marked a significant shift from its previous close of $7.93, despite opening slightly higher at $8.00, only fluctuating between $6.65 and $8.42 throughout the trading day. This trading pattern reflects the broader challenges and investor perceptions facing the tech company in a highly competitive market.</p>
<p>The company’s stock performance over the last year has been equally tumultuous, with a 52-week range between $1.49 and $10.25. This illustrates the high volatility and potential risk associated with SoundHound AI’s shares. On the most recent insider transactions date, SoundHound AI Inc.’s market capitalization stood at approximately $2.066 billion.</p> <iframe src="https://tokenist.substack.com/embed" width="100%" height="320" style="border:1px solid #EEE; background:white;" frameborder="0" scrolling="no"></iframe>
<p><strong><em>Do you think SoundHound AI has a good long-term potential? Let us know in the comments below.</em></strong></p>
<p><em>Disclaimer: The author does not hold or have a position in any securities discussed in the article.</em></p>
<h3 id="br"><br></h3>
<p>The post <a rel="noopener noreferrer nofollow" href="https://tokenist.com/soundhound-ai-inc-s-executives-cash-out-as-stock-continues-to-slide/">SoundHound AI Inc.’s Executives Cash Out as Stock Continues to Slide</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://tokenist.com">Tokenist</a>.</p>

SoundHound AI Inc.’s Executives Cash Out as Stock Continues to Slide

Table of Contents

Tokenist

Other articles published on Mar 22, 2024

Crypto Market Faces Potential Downtrend as Meme Tokens Suffer

March 2024's Crypto Gems: Opportunities Not to Miss

Ethereum Soars As Analyst Predicts Break Above $4,000 Mark

Polkadot Community Coin $PINK All Set to Debut on March 21

Milei Moneda gains strength in presale, Ethereum Classic and Ronin decline

Toncoin Up More Than 7% In 24 hours

Join our free newsletter for daily crypto updates!