Jiten Behl - 09 Nov 2021 Form 3 Insider Report for Rivian Automotive, Inc. / DE (RIVN)

Role
Chief Growth Officer
Signature
/s/ Neil Sitron, Attorney-in-Fact
Issuer symbol
RIVN
Transactions as of
09 Nov 2021
Net transactions value
$0
Form type
3
Filing time
09 Nov 2021, 20:20:42 UTC
Previous filing
17 Nov 2021
Next filing
18 May 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding RIVN Class A Common Stock 20,000 09 Nov 2021 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding RIVN Stock Option 09 Nov 2021 Class A Common Stock 125,000 $2.85 Direct F2
holding RIVN Stock Option 09 Nov 2021 Class A Common Stock 37,500 $2.85 Direct F3
holding RIVN Stock Option 09 Nov 2021 Class A Common Stock 12,500 $2.85 Direct F4
holding RIVN Stock Option 09 Nov 2021 Class A Common Stock 25,000 $2.85 Direct F5
holding RIVN Stock Option 09 Nov 2021 Class A Common Stock 240,000 $38.86 Direct F6
holding RIVN Stock Option 09 Nov 2021 Class A Common Stock 250,000 $3.36 Direct F7
holding RIVN Stock Option 09 Nov 2021 Class A Common Stock 250,000 $3.36 Direct F8
holding RIVN Stock Option 09 Nov 2021 Class A Common Stock 125,000 $7.68 Direct F9
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents an award of 20,000 restricted stock units subject to time-based vesting conditions in accordance with the underlying award. Each restricted stock unit represents a contingent right to receive one share of the Issuer's Class A Common Stock and has no expiration date.
F2 The stock option is fully vested and exercisable.
F3 The stock option is fully vested and exercisable.
F4 The stock option is fully vested and exercisable.
F5 The stock option is fully vested and exercisable.
F6 The stock option vests in 4 substantially equal annual installments beginning on the first anniversary of August 23, 2021.
F7 The stock option is vested as to 50% of the underlying shares and the remaining shares will vest as to 25% of the underlying shares on each of July 18, 2022 and July 18, 2023.
F8 The stock option vests upon the completion of the 5,000th production vehicles by the Issuer and its subsidiaries.
F9 The stock option vests in 4 substantially equal annual installments beginning on the first anniversary of December 16, 2020.

Remarks:

Exhibit 24 - Power of Attorney.