Overview

• SoundHound said CEO Keyvan Mohajer and five other senior leaders sold shares totaling over $8 million, including $2.2 million by the CEO and $2.09 million by CFO Nitesh Sharan.
• The transactions were executed Sept. 22–24 and the stock fell 8.04% Thursday to close at $16.35.
• Earlier in the week, the company announced a nationwide partnership with Red Lobster to deploy an AI phone-ordering agent across all locations.
• The agent is trained on the full menu, can answer common questions, handle multiple calls at once, and routes orders directly into restaurant POS systems to ease store workloads.
• SoundHound reported 217% year-over-year revenue growth to $42.7 million last quarter and is transitioning major customers to Amelia 7.0 while targeting adjusted EBITDA profitability by year-end 2025.