SoundHound AI (NASDAQ: SOUN) CEO Keyvan Mohajer sold 137,290 Class A shares in a transaction valued at approximately $868,853, according to a Sept. 17 regulatory filing.
The shares were sold on Sept. 15 at an average price of $6.3286 each, with proceeds directed toward covering tax obligations tied to vested restricted stock units.
The filing made clear the transaction was not classified as a discretionary open-market sale, distinguishing it from a voluntary decision to exit a position.
Mohajer retained 3,684,947 Class A shares following the transaction, maintaining a substantial ownership stake in the voice AI company.
The restricted stock units involved in the sale were granted across a multi-year period spanning 2023 through 2026, reflecting compensation arrangements put in place well before the recent stock decline.
SoundHound shares closed at $5.93 on Sept. 18, down roughly 40% on a year-to-date basis, placing the stock among the harder-hit names in the AI sector this year.
Despite the sharp share price decline, the company has continued to post strong top-line growth, with second-quarter revenue reaching $61.9 million, a 45% increase compared to the same period a year earlier.
The company’s GAAP net loss narrowed meaningfully during the quarter, falling to $42.8 million from $74.7 million in the prior-year period, suggesting some progress toward a cleaner bottom line.
SoundHound remains unprofitable, and investors continue to weigh its rapid revenue expansion against the ongoing losses that have defined the company’s financial profile since going public.
The CEO share sale, while routine in nature given its tax-obligation context, arrives at a sensitive moment as the company works to rebuild investor confidence following a prolonged slide in its stock price.
The broader AI sector has faced renewed scrutiny from markets in 2026, with investors increasingly demanding a clearer path to profitability from growth-stage companies that have leaned heavily on future potential to justify elevated valuations.
