Form 4: Rivian CEO Sells Shares Under Pre-Arranged Trading Plan

Rivian Automotive CEO Robert J. Scaringe sold 17,450 shares of Class A Common Stock on January 6, 2026, under a pre-arranged 10b5-1 trading plan.

Summary

• Robert J. Scaringe, Chief Executive Officer and Director of Rivian Automotive, Inc. (RIVN), reported the sale of Class A Common Stock.
• A total of 17,450 shares were sold on January 6, 2026.
• The sales included 17,350 shares at a weighted average price of $19.5425, with prices ranging from $19.07 to $20.02.
• An additional 100 shares were sold at a price of $20.09.
• These transactions were 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 these transactions, Mr. Scaringe directly beneficially owns 1,132,659 shares of Class A Common Stock.
• Indirect beneficial ownership includes 2,297 shares held by an LLC and 2,632,766 shares held by a Trust.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the transaction is a pre-planned sale under a 10b5-1 plan, which is a common practice for executives for diversification and liquidity management, rather than an indicator of management's view on the company's immediate prospects.

Positives

• The use of a Rule 10b5-1 trading plan demonstrates adherence to best practices for insider trading compliance, providing transparency and mitigating concerns about opportunistic selling.

Negatives

• The sale reduces the direct equity stake of the Chief Executive Officer, which could be interpreted by some as a slight decrease in direct alignment with shareholder interests, despite the pre-planned nature of the transaction.

Future Outlook

No forward-looking statements or guidance are provided in this filing.

Industry Context

This filing reports a routine insider transaction under a pre-arranged trading plan and does not provide information directly related to broader industry trends or competitive landscape.

Stakeholder Impact

• Shareholders may view the reduction in direct insider ownership with varying interpretations, though the pre-planned nature of the sale under a 10b5-1 plan typically mitigates concerns about opportunistic selling.

Key Dates

Recommendation

The sale by CEO Robert J. Scaringe was conducted under a pre-arranged Rule 10b5-1 trading plan, which is a common practice for executives to diversify holdings and manage liquidity without being subject to insider trading accusations. This type of transaction is generally not considered a signal of management's lack of confidence in the company's future prospects and therefore does not warrant a change in investment recommendation based solely on this filing.

Keywords

Rivian, RIVN, Robert Scaringe, insider trading, stock sale, 10b5-1 plan, CEO, equity transaction