Form 4: Rivian CEO Robert Scaringe Reports Stock Transactions

Rivian CEO Robert Scaringe reports the vesting of restricted stock units and associated tax withholding.

Summary

• On March 5, 2025, Robert Scaringe, CEO of Rivian Automotive, Inc., had 26,131 restricted stock units (RSUs) vest.
• The company withheld 13,270 shares of Class A Common Stock to satisfy tax withholding obligations related to the RSU vesting.
• The closing price of Rivian's Class A Common Stock on March 5, 2025, was $11.26.
• Following these transactions, Scaringe directly owns 853,011 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: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.

Industry Context

This filing is a routine disclosure of insider transactions, which are common for executives receiving stock-based compensation. It provides transparency into the executive's holdings and any changes due to vesting or other transactions.

Stakeholder Impact

• The transaction impacts shareholders by increasing the number of shares outstanding, although the effect is minimal given the size of the transaction relative to the overall share count.
• The transaction impacts Robert Scaringe by increasing his ownership of Rivian stock.

Key Dates