Robert J. Scaringe - 06 Mar 2023 Form 4 Insider Report for Rivian Automotive, Inc. / DE (RIVN)

Role
Chief Executive Officer, Director
Signature
/s/ Claire McDonough, Attorney-in-fact
Issuer symbol
RIVN
Transactions as of
06 Mar 2023
Net transactions value
-$64,499
Form type
4
Filing time
08 Mar 2023, 19:00:26 UTC
Previous filing
16 May 2022
Next filing
18 May 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 Award $0 +10,757 +6.4% $0.000000 179,932 06 Mar 2023 Direct F1
transaction RIVN Class A Common Stock Tax liability $64,499 -3,812 -2.1% $16.92 176,120 06 Mar 2023 Direct F2, F3
holding RIVN Class A Common Stock 4,337,997 06 Mar 2023 By Trust
holding RIVN Class A Common Stock 4,595 06 Mar 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.