Form 4: Rivian Director Sanford Schwartz Reports Acquisition of 1,430 Class A Common Stock Units
SEC Form 4 Filing
Director Sanford Schwartz reports acquiring 1,430 restricted stock units of Rivian Automotive, Inc. Class A Common Stock that vested on January 21, 2025, with deferred issuance until termination of service.
Summary
- On January 21, 2025, Sanford Harold Schwartz, a director of Rivian Automotive, Inc., acquired 1,430 restricted stock units (RSUs) of Class A Common Stock.
- These RSUs vested on the transaction date but will be settled in shares of Class A Common Stock only upon Schwartz's termination of service as a director.
- Following the reported transaction, Schwartz beneficially owns 170,860 shares of Rivian's Class A Common Stock directly.
- The reporting was filed on January 31, 2025, by Jamie Chung, Attorney-in-Fact.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing related to stock ownership, indicating a neutral sentiment.
Future Outlook
The shares underlying the restricted stock units will be issued upon the Reporting Person's termination of service as a director of the Issuer.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies like Rivian. It provides transparency to investors regarding the holdings of company insiders.
Stakeholder Impact
- The filing provides transparency to shareholders regarding insider ownership.
Key Dates
| Date | Description |
|---|---|
| 01/21/2025 | Date of transaction: Sanford Schwartz acquired 1,430 restricted stock units which vested. |
| 01/31/2025 | Date of filing: Form 4 filing by Jamie Chung, Attorney-in-Fact. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.