Claire McDonough - 15 Nov 2022 Form 4 Insider Report for Rivian Automotive, Inc. / DE (RIVN)

Role
Chief Financial Officer
Signature
/s/ Claire McDonough
Issuer symbol
RIVN
Transactions as of
15 Nov 2022
Net transactions value
-$337,299
Form type
4
Filing time
17 Nov 2022, 17:48:29 UTC
Previous filing
17 Aug 2022
Next filing
17 Feb 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RIVN Class A Common Stock Options Exercise $271,500 +12,500 +15% $21.72 95,386 15 Nov 2022 Direct
transaction RIVN Class A Common Stock Sale $437,500 -12,500 -13% $35.00 82,886 15 Nov 2022 Direct F1
transaction RIVN Class A Common Stock Sale $59,649 -1,735 -2.1% $34.38 81,151 15 Nov 2022 Direct F2
transaction RIVN Class A Common Stock Sale $111,650 -3,257 -4% $34.28 77,894 16 Nov 2022 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
transaction RIVN Stock Option Options Exercise $0 -12,500 -1.7% $0.000000 737,500 15 Nov 2022 Class A Common Stock 12,500 $21.72 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The sale reported in this transaction was effected automatically pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 2, 2021, as last amended on August 19, 2022.
F2 The sale reported in this transaction represents the number of shares required to be sold by the Reporting Person to cover tax withholding obligations in connection with the vesting of Restricted Stock Units ("RSUs"). This sale is mandated by the Issuer's election under its equity incentive plans to require the satisfaction of tax withholding obligations in connection with the vesting of RSUs to be funded by a "sell to cover" transaction, and does not represent a discretionary trade by the Reporting Person.
F3 The stock option vests in 5 substantially equal yearly installments beginning on the first anniversary of February 1, 2021.