| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | RIVN | Class A Common Stock | Tax liability | -$67.6K | -4.35K | -2.67% | $15.54 | 159K | Feb 15, 2024 | Direct | F1, F2 |
| transaction | RIVN | Class A Common Stock | Sale | -$47.7K | -2.95K | -1.86% | $16.20 | 156K | Feb 16, 2024 | Direct | F3 |
Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.
Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).
| Id | Content |
|---|---|
| F1 | 4,351 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 11,287 Restricted Stock Units on February 15, 2024. |
| F2 | The closing price of the Company's Class A Common Stock on February 14, 2024. |
| F3 | The sale reported in this transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on June 14, 2023. |