SoundHound AI (SOUN) Nosedives as 6 Execs Dispose of Shares

Core Insights - SoundHound AI, Inc. (NASDAQ:SOUN) experienced a significant decline in share price, dropping by 8.04% to $16.35, following the sale of over $8 million in shares by six executives [1][2]. Group 1: Executive Share Sales - The share sales were executed by key executives, including CEO Keyvan Mohajer ($2.2 million), CFO Nitesh Sharan ($2.09 million), CTO Timothy Stonehocker ($641,401), COO Michael Zagorsek ($1.1 million), CPO James Ming Hom ($674,000), and VP of Engineering Majid Emami ($1.32 million) [2][3]. - These transactions occurred between September 22 and 24, 2025 [3]. Group 2: Business Developments - SoundHound AI announced a partnership with Red Lobster to implement an AI-powered phone ordering agent, which can handle multiple calls, facilitate seamless order placement, and provide instant answers to FAQs [3][4]. - The AI system is trained on Red Lobster's full menu, enhancing the efficiency of order processing and reducing the workload for in-store staff [4].