Home > Insider Trading > Filing (0001562180-23-000573)

Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1840856	Soundhound Ai Inc.	SOUN	()	4

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1588852	R. Eric Ball	C/O Soundhound 5400 Betsy Ross Drive Santa Clara CA 95054		No	No	No	No

Reported Non-Derivative Transactions

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Preferred Stock	Acquisiton	2023-01-20	3,334	$30.00	3,334	No	4	P	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	P	Direct

Footnotes

Pursuant to certain preferred stock purchase agreements (the "Purchase Agreements"), dated on or around January 20, 2023, the Issuer issued and sold an aggregate of 835,011 shares of its newly designated Series A Convertible Preferred Stock, par value $0.0001 per share (the "Series A Preferred Stock"), to certain investors (the "Transactions"). The Transactions were approved by the board of directors of the Issuer, including for Rule 16b-3 purposes.
The Series A Preferred Stock is entitled to dividends payable as an increase in the liquidation preference for such share at the rate of 14% per annum, accreting semi-annually to liquidation preference on January 1 and July 1 of each year. Each share of Series A Preferred Stock is convertible into shares of Class A common stock of the Issuer under certain circumstances.