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

Rivian CEO Robert J. Scaringe sold 17,450 shares of Class A Common Stock for a weighted average price of $15.1134 per share, executed under a pre-arranged 10b5-1 trading plan.

Summary

• Robert J. Scaringe, Rivian Automotive, Inc.'s Chief Executive Officer and Director, disposed of 17,450 shares of Class A Common Stock.
• The transaction occurred on November 25, 2025, at a weighted average sale price of $15.1134 per share.
• The shares were sold in multiple transactions with prices ranging from $14.90 to $15.33.
• The sale was executed automatically pursuant to a Rule 10b5-1 trading plan adopted on March 14, 2025, and amended on June 11, 2025.
• Following the transaction, Mr. Scaringe directly beneficially owns 1,185,009 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: The sentiment is neutral as this is a routine, pre-scheduled insider transaction under a 10b5-1 plan, which is a common practice for executives managing their personal finances and stock holdings.

Positives

• The transaction was conducted under a pre-arranged Rule 10b5-1 trading plan, indicating a structured and pre-scheduled sale rather than an opportunistic one, which can reduce concerns about insider selling.

Negatives

• The Chief Executive Officer sold a portion of his holdings, which some investors might interpret as a lack of confidence, although the 10b5-1 plan mitigates this perception.

Future Outlook

The filing does not contain any forward-looking statements or guidance regarding the company's future performance or outlook.

Industry Context

This Form 4 filing reports an individual insider transaction and does not provide broader industry context or trends.

Stakeholder Impact

• Shareholders: May note the CEO's sale of shares, but the pre-arranged nature under a 10b5-1 plan typically mitigates concerns about opportunistic selling.

Key Dates

Keywords

Rivian, RIVN, Robert J. Scaringe, Insider Sale, 10b5-1 Plan, CEO, Stock Transaction, Equity Disposal