Jeff Baker - 15 Nov 2023 Form 4 Insider Report for Rivian Automotive, Inc. / DE (RIVN)

Role
Chief Accounting Officer
Signature
/s/ Jamie Chung, Attorney-in-fact
Issuer symbol
RIVN
Transactions as of
15 Nov 2023
Net transactions value
-$65,876
Form type
4
Filing time
17 Nov 2023, 20:00:10 UTC
Previous filing
17 Aug 2023
Next filing
20 Feb 2024
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 Tax liability $65,876 -3,898 -3.7% $16.90 100,934 15 Nov 2023 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 3,898 shares of Class A Common Stock were withheld by the Company for the purposes of satisfying tax withholding obligations in connection with the vesting of 11,264 Restricted Stock Units on November 15, 2023.
F2 The closing price of the Company's Class A Common Stock on November 14, 2023.
F3 The shares of Class A Common Stock beneficially owned by the Reporting Person following the transaction reported on this Form 4 are subject to a lock-up agreement (the "Lock-Up Agreement") between the Reporting Person and Morgan Stanley & Co. LLC, Goldman Sachs & Co. LLC, and J.P. Morgan Securities LLC, dated October 5, 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, subject to certain enumerated exceptions in the Lock-Up Agreement.