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 $16.0322 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 January 20, 2026, at a weighted average sale price of $16.0322 per share.
• The shares were sold in multiple transactions with prices ranging from $15.87 to $16.25, inclusive.
• The sale was automatically effected pursuant to a Rule 10b5-1 trading plan, which was adopted on March 14, 2025, and subsequently amended on June 11, 2025.
• Following this transaction, Robert J. Scaringe beneficially owns 1,115,209 shares of Class A Common Stock directly.

Sentiment

Score: 5

Explanation: The sale of shares by the CEO is a neutral event as it was executed under a pre-arranged 10b5-1 trading plan, which suggests the transaction was not based on new, non-public information. However, any insider selling can sometimes be viewed with slight caution by the market.

Positives

• The sale was executed under a pre-arranged Rule 10b5-1 trading plan, indicating the transaction was scheduled in advance and not based on new, non-public information, which enhances transparency and compliance.

Negatives

• The CEO sold a significant number of shares (17,450), reducing his direct beneficial ownership in the company.

Risks

• Potential for negative market perception or investor concern regarding insider selling, even when conducted under a pre-planned 10b5-1 arrangement.

Future Outlook

NA

Industry Context

NA

Corporate Governance

Stakeholder Impact

• Shareholders may interpret the CEO's sale of shares as a signal, potentially leading to short-term price fluctuations, despite the pre-planned nature of the transaction.

Key Dates

Recommendation

The sale by Rivian's CEO, Robert J. Scaringe, was executed under a pre-arranged Rule 10b5-1 trading plan. While insider selling can sometimes be a negative signal, the existence of a 10b5-1 plan indicates the transaction was scheduled in advance and not based on immediate, non-public information. This mitigates the negative implications, suggesting a 'hold' stance rather than a 'sell' based solely on this filing, as it's a routine, planned event.

Keywords

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