Form 4: Rivian CEO Sells Shares Under Pre-Arranged 10b5-1 Plan

Rivian Automotive CEO Robert J. Scaringe sold 52,350 shares of Class A Common Stock for approximately $16.60 per share under a pre-arranged 10b5-1 trading plan.

Summary

• Robert J. Scaringe, Chief Executive Officer and Director of Rivian Automotive, Inc. (RIVN), reported a sale of Class A Common Stock.
• The transaction involved the disposition of 52,350 shares on November 11, 2025.
• The shares were sold at a weighted average price of $16.5966 per share, with individual transaction prices ranging from $16.23 to $16.90.
• The total value of the shares sold was approximately $868,899.51.
• This sale was executed automatically pursuant to a Rule 10b5-1 trading plan, which was adopted on March 14, 2025, and subsequently amended on June 11, 2025.
• Following the transaction, Mr. Scaringe directly beneficially owns 1,246,405 shares of Class A Common Stock.
• Additionally, Mr. Scaringe indirectly beneficially owns 2,297 shares via an LLC and 2,632,766 shares via a Trust.

Sentiment

Score: 5

Explanation: Neutral, as the transaction is a pre-scheduled sale under a 10b5-1 plan, which typically indicates a planned liquidity event rather than a reaction to new company performance or a change in management's outlook.

Stakeholder Impact

• Shareholders: The sale of shares by the CEO, even under a pre-arranged plan, represents a reduction in direct insider ownership. While the 10b5-1 plan mitigates the signal of a discretionary sale, it is a data point for investors regarding insider activity and potential liquidity needs.

Key Dates

Recommendation

The sale by CEO Robert J. Scaringe was executed under a pre-arranged Rule 10b5-1 trading plan, indicating a planned liquidity event rather than a reaction to new company-specific news or a change in management's outlook. Such transactions are typically not considered a strong signal for investment decisions unless they are unusually large or deviate significantly from established patterns. Therefore, a 'hold' recommendation is appropriate as this filing alone does not provide new fundamental information to alter an existing investment thesis.

Keywords

Rivian Automotive, RIVN, Robert J. Scaringe, Insider Trading, Form 4, Stock Sale, 10b5-1 Plan, CEO