NEW YORK, December 31, 2025, 05:55 ET — Premarket
SoundHound AI, Inc. shares fell 0.7% to $9.97 in premarket trade on Wednesday, after dropping 3.6% in the prior session and slipping below the $10 mark. The stock is down about 11% since its Dec. 22 close, according to StockAnalysis.com data.
The move comes after a cluster of insider filings hit the company’s investor relations site, showing multiple Form 4 disclosures and a Form 144 notice dated Dec. 29.
Insider trades are closely watched in high-volatility names because they can shape confidence about near-term upside. A filing note said trades executed on Dec. 22 were reported on Dec. 29 because EDGAR treated Dec. 24 and Dec. 26 as holidays for filing purposes.
Chief executive Keyvan Mohajer sold 144,326 shares at $11.2769 on Dec. 22, the filing showed. It said the sale was made to satisfy tax withholding tied to the vesting of restricted stock units, or RSUs — stock awards that typically convert into shares over time.
CFO Nitesh Sharan disclosed a sale of 60,780 shares at $11.2769 on Dec. 22, also to cover tax withholding on vested RSUs, according to his Form 4.
Chief operating officer Michael Zagorsek reported selling 73,406 shares on Dec. 22, while chief product officer James Ming Hom reported selling 42,600 shares the same day, the filings showed. Both filings said the sales were tied to tax withholding from RSU vesting.
Chief technology officer Timothy Stonehocker reported selling 31,329 shares on Dec. 22 and 2,121 shares on Dec. 24. His filing said the transactions were tied to tax withholding, and that one sale was made under a Rule 10b5-1 plan — a pre-arranged trading program that sets terms in advance.
Majid Emami, SoundHound’s chief strategy officer and a 10% stockholder, reported sales of 42,600 shares on Dec. 22 and 32,741 shares on Dec. 26. The filing said the Dec. 26 sale was under a Rule 10b5-1 plan adopted in March, and was executed in multiple trades at prices ranging from $10.53 to $10.83.
A separate Form 144 notice listed a proposed sale of 32,741 shares on Dec. 26 through Morgan Stanley Smith Barney, with an aggregate market value of about $356,877. Director Diana Sroka reported selling 1,343 shares on Dec. 23 under a Rule 10b5-1 plan adopted in August, her filing showed.
Short interest has remained a key feature of the trade. As of Dec. 15, about 116.8 million shares were sold short — about 30.6% of the public float — MarketBeat data showed, a setup that can amplify moves on thin liquidity.
SoundHound sells voice and conversational AI tools used in areas such as automotive and customer service. In its Nov. 6 quarterly update, the company raised its 2025 revenue outlook to $165 million to $180 million, and Mohajer said, “Enterprise AI adoption is booming globally.” SoundHound AI
Investors also have macro catalysts ahead in the holiday-thinned session. The NYSE and Nasdaq keep regular hours on Dec. 31, while U.S. bond markets close early at 2 p.m. ET; weekly jobless claims are due at 8:30 a.m. ET and the S&P Case-Shiller index at 9 a.m. ET, MarketWatch reported.
U.S. stock index futures pointed lower ahead of the open, with Nasdaq 100 futures down 0.41% and S&P 500 futures down 0.28%, according to Markets Insider data. Traders will watch whether SOUN stabilizes around the $10 area and whether the next company update shifts focus back to revenue growth and margins after the late-December run of insider disclosures.
