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

We recently published 10 Big Names Investors Are Dumping. SoundHound AI, Inc. (NASDAQ:SOUN) is one of the companies that heavily bled in Thursday’s trading.

Shares of SoundHound AI dropped by 8.04 percent on Thursday to end at $16.35 apiece as investor sentiment was dampened by six executives’ disposition of shares in the company for more than $8 million.

In separate regulatory filings yesterday, SoundHound AI, Inc. (NASDAQ:SOUN) said the sale transactions were executed by none other than its chief executive officer, Keyvan Mohajer ($2.2 million); chief finance officer, Nitesh Sharan ($2.09 million); chief technology officer, Timothy Stonehocker ($641,401); chief operating officer, Michael Zagorsek ($1.1 million); chief product officer, James Ming Hom ($674,000); and vice president for engineering, Majid Emami ($1.32 million).

The transactions were executed between September 22 and 24, 2025.

In other news, SoundHound AI, Inc. (NASDAQ:SOUN) on Tuesday said it partnered with Red Lobster, one of the largest seafood restaurant operators, for the rollout of an AI-powered phone ordering agent.

According to SoundHound AI, Inc. (NASDAQ:SOUN), the system allows handling of multiple calls simultaneously, seamless order placement, and instant answers to frequently asked questions.

It was also trained on Red Lobster’s full menu, making ordering faster, easier, and more efficient for both guests and staff. Orders are sent directly to the restaurant’s point-of-sale system, reducing the workload for in-store staff.

While we acknowledge the potential of SOUN as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.