SoundHound AI (SOUN) DEFR14A30 Apr 24Revised proxyFinancial data

Company Profile

Cover

Cover	12 Months Ended
Cover	Dec. 31, 2023
Document Information [Line Items]
Document Type	DEFR14A
Amendment Flag	true
Amendment Description	Amendment No.
Entity Information [Line Items]
Entity Registrant Name	SOUNDHOUND AI, INC.
Entity Central Index Key	0001840856

Pay vs Performance Disclosure

Pay vs Performance Disclosure pure in Thousands		12 Months Ended
Pay vs Performance Disclosure pure in Thousands		Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)
Pay vs Performance Disclosure
Pay vs Performance Disclosure, Table		Pay Versus Performance As required by the Dodd -Frank -K CAP Non -PEO NEOs -K -making Year Summary (1) Compensation (2) Average (1) Average (2) Value of Initial Fixed $100 Net (4) Revenue (in thousands) (5) Total (3) Peer Group (3) 2023 $ 1,863,978 $ 2,220,167 $ 998,949 $ 1,218,070 $ 28 $ 29 $ (88,937 ) $ 45,873 2022 $ 10,435,542 $ 3,652,792 $ 5,260,854 $ 1,239,969 $ 24 $ 50 $ (116,713 ) $ 31,129 (1) -PEO -PEO (2) -PEO (3) (4) (5) -financial PEO Average of Non-PEO NEOs Year in Table: 2023 2022 2023 2022 Total Compensation as reported in the Summary Compensation Table (“SCT”) $ 1,863,978 $ 10,548,042 $ 998,949 $ 5,260,854 Less: Grant Date Fair Value of Equity Awards as reported in SCT $ 1,326,000 $ 10,054,500 $ 607,750 $ 4,699,250 Add: Year-End Fair Value of Equity Awards Granted in the Year $ 1,178,666 $ 2,646,150 $ 535,950 $ 1,111,781 Add: Change in Fair Value of Outstanding and Unvested Equity Awards $ 301,400 $ 0 $ 112,483 $ (479,609 ) Add: Fair Value as of Vesting Date of Equity Awards Granted and Vested in the Year $ 138,667 $ 513,100 $ 119,405 $ 206,063 Add: Year over Year Change in Fair Value of Equity Awards Granted in Prior Years that Vested in the Year $ 145,200 $ 0 $ 59,033 $ (159,870 ) Compensation Actually Paid $ 2,220,167 $ 3,652,792 $ 1,218,070 $ 1,239,969
Named Executive Officers, Footnote		For 2023, our PEO was Dr. Mohajer, and our Non -PEO -PEO
Peer Group Issuers, Footnote		The amounts reflect the cumulative total shareholder return (TSR) of our common stock and peer group at the end of each fiscal year. The TSR value listed in each year reflects what the cumulative value of $100 would be if invested on the date the Company began trading on Nasdaq following its business combination.
PEO Total Compensation Amount	[1]	$ 1,863,978	$ 10,435,542
PEO Actually Paid Compensation Amount	[2]	2,220,167	3,652,792
Non-PEO NEO Average Total Compensation Amount	[1]	998,949	5,260,854
Non-PEO NEO Average Compensation Actually Paid Amount	[2]	$ 1,218,070	1,239,969
Compensation Actually Paid vs. Total Shareholder Return
Compensation Actually Paid vs. Net Income
Compensation Actually Paid vs. Company Selected Measure
Tabular List, Table		Tabular List of Financial Performance Measures We believe the following performance measures represent the most important financial performance measures used by us to link compensation actually paid to our NEOs for our most recently completed fiscal year: • • •
Total Shareholder Return Amount	[3]	$ 28	24
Peer Group Total Shareholder Return Amount	[3]	29	50
Net Income (Loss)	[4]	$ (88,937)	$ (116,713)
Company Selected Measure Amount	[5]	45,873	31,129
PEO Name		Dr. Mohajer	Dr. Mohajer
Measure:: 1
Pay vs Performance Disclosure
Name		Revenue
Measure:: 2
Pay vs Performance Disclosure
Name		Adjusted EBITDA
Measure:: 3
Pay vs Performance Disclosure
Name		Annual Recurring Revenue
PEO [Member]
Pay vs Performance Disclosure
PEO Total Compensation Amount		$ 1,863,978	$ 10,548,042
PEO Actually Paid Compensation Amount		2,220,167	3,652,792
Grant Date Fair Value of Equity Awards as reported in SCT [Member]
Pay vs Performance Disclosure
PEO Total Compensation Amount		1,326,000	10,054,500
Non-PEO NEO Average Total Compensation Amount		607,750	4,699,250
Year-End Fair Value of Equity Awards Granted in the Year [Member]
Pay vs Performance Disclosure
PEO Total Compensation Amount		1,178,666	2,646,150
Non-PEO NEO Average Total Compensation Amount		535,950	1,111,781
Change in Fair Value of Outstanding and Unvested Equity Awards [Member]
Pay vs Performance Disclosure
PEO Total Compensation Amount		301,400	0
Non-PEO NEO Average Total Compensation Amount		112,483	(479,609)
Fair Value as of Vesting Date of Equity Awards Granted and Vested in the Year [Member]
Pay vs Performance Disclosure
PEO Total Compensation Amount		138,667	513,100
Non-PEO NEO Average Total Compensation Amount		119,405	206,063
Year over Year Change in Fair Value of Equity Awards Granted in Prior Years that Vested in the Year [Member]
Pay vs Performance Disclosure
PEO Total Compensation Amount		145,200	0
Non-PEO NEO Average Total Compensation Amount		$ 59,033	$ (159,870)

[1]For 2023, our PEO was Dr. Mohajer, and our Non -PEO -PEO -PEO -financial