Form 4: Rivian Director Sanford Harold Schwartz Acquires 24,224 Restricted Stock Units

Director Sanford Harold Schwartz acquired 24,224 restricted stock units of Rivian Automotive, Inc. on June 18, 2024, which will vest on the first anniversary of the grant date and be settled upon termination of service as a director.

Summary

• On June 18, 2024, Sanford Harold Schwartz, a director of Rivian Automotive, Inc., acquired 24,224 restricted stock units (RSUs).
• These RSUs will vest on the first anniversary of the grant date.
• The issuance of shares underlying the RSUs will be deferred until Schwartz's termination of service as a director.
• Upon termination, the RSUs will settle in shares of Rivian's Class A Common Stock.
• Following the transaction, Schwartz beneficially owns 166,253 shares of Class A Common Stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. It reflects a routine grant of RSUs to a director, indicating alignment of interests but not necessarily a major catalyst for stock movement.

Positives

• The acquisition of RSUs by a director signals confidence in the company's future.

Future Outlook

The RSUs will vest on the first anniversary of the grant date, with settlement deferred until termination of service as a director.

Industry Context

This filing is a routine disclosure of a director's stock-based compensation, common in publicly traded companies like Rivian to align management interests with shareholder value.

Stakeholder Impact

• Shareholders may view the RSU grant as a positive sign of aligning director interests with company performance.

Key Dates