Form 4: Rivian CEO Robert Scaringe Reports Stock Transactions

Rivian CEO Robert Scaringe reports the withholding of shares to cover tax obligations related to vesting restricted stock units.

Summary

• On February 15, 2025, Rivian CEO Robert J Scaringe had 23,211 shares of Class A Common Stock withheld by the company to cover tax obligations.
• This was related to the vesting of 45,707 Restricted Stock Units.
• The price per share used for tax withholding was $14.03, which was the closing price of Rivian's Class A Common Stock on February 14, 2025.
• Following the transaction, Scaringe directly owns 840,150 shares of Class A Common Stock.
• Scaringe also indirectly owns 4,595 shares through an LLC and 2,632,766 shares through a trust.

Sentiment

Score: 5

Explanation: This is a routine regulatory filing, so the sentiment is neutral.

Industry Context

This is a standard SEC filing related to executive compensation and stock ownership, common for publicly traded companies.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies, with executives required to report changes in beneficial ownership of company stock.
• The reporting requirements are governed by Section 16(a) of the Securities Exchange Act of 1934.
• Similar filings are made by executives at companies like Tesla (TSLA), Ford (F), and General Motors (GM) when they have transactions involving their company's stock.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders, as it primarily concerns tax obligations related to executive compensation.
• Shareholders may be interested in tracking executive stock ownership as an indicator of management's alignment with company performance.

Key Dates

Keywords

Form 4, Rivian, RIVN, Robert Scaringe, Stock, Tax withholding, Restricted Stock Units, Beneficial ownership