Form 4: Rivian Director Sells Shares Under 10b5-1 Plan

Rivian Automotive Director Peter Krawiec reported the sale of 3,655 shares of Class A Common Stock under a pre-arranged 10b5-1 plan.

Summary

• Peter Krawiec, a Director of Rivian Automotive, Inc. (RIVN), sold 3,655 shares of Class A Common Stock.
• The transaction occurred on December 15, 2025, at a weighted average sale price of $19.4465 per share.
• The shares were sold in multiple transactions with prices ranging from $19.42 to $19.455.
• The total value of the shares sold was approximately $71,090.96.
• This transaction was executed pursuant to a Rule 10b5-1(c) plan, indicating a pre-scheduled sale.
• Following the transaction, Peter Krawiec directly beneficially owns 7,674 shares of Class A Common Stock.
• Indirect beneficial ownership includes 29,122 shares via Peter Krawiec 2025 GRAT, 32,778 shares via Erin G. Krawiec 2025 GRAT, and 34,531 shares via Erin G. Krawiec 2019 Trust, totaling 96,431 indirect shares.

Sentiment

Score: 5

Explanation: The sentiment is neutral. While it's an insider sale, the execution under a pre-arranged 10b5-1 plan mitigates any negative implications, as it suggests a planned liquidity event rather than a reaction to adverse company news.

Positives

• The sale was conducted under a Rule 10b5-1(c) plan, which indicates a pre-scheduled transaction not based on new material non-public information, reducing concerns about insider sentiment.

Negatives

• A director selling shares, even under a 10b5-1 plan, can sometimes be perceived as a slight negative signal by some investors, though the impact is mitigated by the pre-planned nature.

Risks

• While mitigated by the 10b5-1 plan, any insider selling can lead to speculation regarding management's confidence in the company's future prospects, potentially affecting investor sentiment.

Future Outlook

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

Industry Context

Insider transactions, such as the sale of shares by a director, are a routine part of corporate governance and are regularly reported across all industries. The use of a 10b5-1 plan is a common practice for executives and directors to manage their equity holdings in a compliant manner.

Stakeholder Impact

• Shareholders: The sale of shares by a director, even if pre-planned, could lead to minor shifts in investor sentiment, but is unlikely to have a significant impact given the routine nature of 10b5-1 plans.

Key Dates

Recommendation

The reported transaction is a routine insider sale by a director, executed under a pre-arranged 10b5-1 plan. Such sales are typically not indicative of a change in the company's fundamental outlook or a reason to alter an investment thesis. Therefore, a 'hold' recommendation is appropriate as this specific filing does not provide new information to warrant a change in investment strategy.

Keywords

Rivian, RIVN, insider transaction, Form 4, stock sale, Peter Krawiec, director, 10b5-1 plan, equity disposal