Form 4: Rivian Executive Jeff Baker Reports Stock Transactions

Chief Accounting Officer of Rivian Automotive, Jeff Baker, reports acquisition and disposal of Class A Common Stock due to RSU vesting and tax withholding.

Summary

• On March 1, 2024, Jeff Baker, Chief Accounting Officer of Rivian Automotive, Inc., acquired 15,238 shares of Class A Common Stock through the vesting of restricted stock units (RSUs).
• On the same day, 5,437 shares of Class A Common Stock were withheld by Rivian to satisfy tax obligations related to the RSU vesting.
• The price per share for the tax withholding was $11.32, which was the closing price of Rivian's Class A Common Stock on February 29, 2024.
• Following these transactions, Baker directly owns 83,840 shares of Rivian's Class A Common Stock.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing stock transactions by an executive. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.

Positives

• The vesting of RSUs suggests confidence in the company's future performance, as these units typically vest over time based on continued employment and/or performance milestones.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. Investors monitor these filings to gain insights into management's perspective on the company's stock.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies, ensuring transparency in insider trading activities.
• The vesting of RSUs is a common form of executive compensation, aligning management's interests with those of shareholders.

Stakeholder Impact

• Shareholders may be interested in the transactions of company insiders as an indicator of management's confidence in the company.

Key Dates