Claire McDonough - Mar 6, 2023 Form 4 Insider Report for Rivian Automotive, Inc. / DE (RIVN)

Role
Chief Financial Officer
Signature
/s/ Claire McDonough
Stock symbol
RIVN
Transactions as of
Mar 6, 2023
Transactions value $
-$42,334
Form type
4
Date filed
3/8/2023, 07:00 PM
Previous filing
Feb 17, 2023
Next filing
May 17, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RIVN Class A Common Stock Award $0 +7.26K +9.95% $0.00 80.2K Mar 6, 2023 Direct F1
transaction RIVN Class A Common Stock Tax liability -$42.3K -2.5K -3.12% $16.92 77.7K Mar 6, 2023 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents an award of 7,256 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 2,502 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.