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SoundHound AI CFO Sells $1.28M in Shares Amid Stock Decline

SoundHound AI CFO Sells $1.28M in Shares Amid Stock Decline

Author:

Global Cryptocurrency

Published:

2025-10-17 21:59:02

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BTCCSquare news:

Nitesh Sharan, CFO of SoundHound AI (SOUN), executed a $1.28 million stock sale on October 14 under a prearranged 10b5-1 trading plan. The transaction involved 60,376 shares at $21.21 each, with 30,000 shares acquired via options exercised at $7.514. SOUN shares fell over 8% on the day of the filing.

Insider sales under 10b5-1 plans don't inherently reflect bearish sentiment—these automated trades trigger based on preset conditions. However, broader data shows SoundHound insiders have offloaded $5.3 million in stock over three months, per TipRanks' tracking. Market watchers often scrutinize such activity, though personal financial needs frequently drive these moves rather than corporate outlook.

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