SoundHound AI Chief Operating Officer Michael Zagorsek sold 64,994 shares for approximately $485,000 on June 15, according to an SEC filing. The sale represented 3.8% of his direct holdings, leaving him with 1,669,497 shares worth about $12.2 million based on the June 15 closing price. The transaction is part of a pattern of sales by Zagorsek, who has made seven sales since December 2024, and follows similar dispositions by other senior executives including the CEO, CTO, CPO, and chief science officer, none of which were executed under 10b5-1 trading plans. SoundHound AI shares have lost 30.7% over the past year, underperforming the Russell 2000's 44.2% return, while the company reported a first-quarter GAAP loss of $25 million.
SoundHound AI IncInsider sales by COO and other executives, not under 10b5-1 plans, signal lack of confidence; company reported GAAP loss.