Form 4: Rivian CEO Robert Scaringe Executes Stock Option and Sells Shares Under 10b5-1 Plan

Rivian CEO Robert Scaringe exercised stock options and sold shares of Class A Common Stock under a pre-arranged Rule 10b5-1 trading plan.

Summary

• On January 21, 2025, Rivian CEO Robert J Scaringe exercised a stock option to acquire 35,713 shares of Class A Common Stock at a price of $2.6282 per share.
• Simultaneously, Scaringe sold 35,713 shares of Class A Common Stock at a weighted average price of $13.7601 per share, with prices ranging from $13.37 to $14.02.
• These transactions were executed under a Rule 10b5-1 trading plan adopted on March 8, 2024.
• Following these transactions, Scaringe directly owns 863,361 shares of Class A Common Stock and indirectly owns 4,595 shares through an LLC and 2,632,766 shares through a trust.
• He also holds options for 7,713,834 shares of Class A Common Stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral. The document simply reports stock transactions by the CEO under a pre-existing plan. There's no indication of positive or negative implications for the company's performance.

Positives

• The transactions were conducted under a pre-arranged Rule 10b5-1 trading plan, which is a common and legal practice for corporate insiders to manage their stock holdings.

Industry Context

Executive stock transactions are a common occurrence in publicly traded companies. The use of Rule 10b5-1 plans is a standard practice to avoid accusations of insider trading.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership, but the use of a 10b5-1 plan suggests it was pre-planned and not based on any new material information.

Key Dates

Keywords

Rivian, RIVN, Robert Scaringe, CEO, stock options, Class A Common Stock, Rule 10b5-1, insider trading, SEC Form 4