Robert J. Scaringe - Mar 6, 2023 Form 4 Insider Report for Rivian Automotive, Inc. / DE (RIVN)

Role
Chief Executive Officer, Director
Signature
/s/ Claire McDonough, Attorney-in-fact
Stock symbol
RIVN
Transactions as of
Mar 6, 2023
Transactions value $
-$64,499
Form type
4
Date filed
3/8/2023, 07:00 PM
Previous filing
May 16, 2022
Next filing
May 18, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RIVN Class A Common Stock Award $0 +10.8K +6.36% $0.00 180K Mar 6, 2023 Direct F1
transaction RIVN Class A Common Stock Tax liability -$64.5K -3.81K -2.12% $16.92 176K Mar 6, 2023 Direct F2, F3
holding RIVN Class A Common Stock 4.34M Mar 6, 2023 By Trust
holding RIVN Class A Common Stock 4.6K Mar 6, 2023 By LLC
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents an award of 10,757 restricted stock units ("RSUs") which vested on March 6, 2023. The shares of Class A Common Stock reported on this Form 4 are subject to a lock-up agreement between the reporting person and Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, and Morgan Stanley & Co. LLC, dated March 7, 2023 (the "Lock-up Date") pursuant to which the shares of Class A Common Stock reported herein cannot be sold for 60 days following the Lock-up Date.
F2 3,812 shares of Class A Common Stock were withheld by the Company for the purposes of satisfying tax withholding obligations in connection with such RSUs vesting.
F3 The closing price of the Company's Class A Common Stock on March 3, 2023.