Robert J. Scaringe - Sep 12, 2024 Form 4 Insider Report for Rivian Automotive, Inc. / DE (RIVN)

Signature
/s/ Jamie Chung, Attorney-in-Fact
Stock symbol
RIVN
Transactions as of
Sep 12, 2024
Transactions value $
-$920,996
Form type
4
Date filed
9/16/2024, 05:21 PM
Previous filing
Aug 19, 2024
Next filing
Sep 25, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RIVN Class A Common Stock Options Exercise $219K +83.3K +9.4% $2.63 970K Sep 12, 2024 Direct
transaction RIVN Class A Common Stock Sale -$1.14M -83.3K -8.59% $13.68 887K Sep 12, 2024 Direct F1, F2
holding RIVN Class A Common Stock 4.6K Sep 12, 2024 By LLC
holding RIVN Class A Common Stock 2.63M Sep 12, 2024 By Trust

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction RIVN Stock Option Options Exercise $0 -83.3K -1.01% $0.00 8.13M Sep 12, 2024 Class A Common Stock 83.3K $2.63 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

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).

Explanation of Responses:

Id Content
F1 The sale reported in this transaction was effected automatically pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on March 8, 2024, as described in the Issuer's Quarterly Report on Form 10-Q for the three months ended March 31, 2024, filed with the Securities and Exchange Commission (the "SEC") on May 7, 2024.
F2 The price reported is a weighted average sale price. The shares were sold in multiple transactions at prices ranging from $13.52 to $13.81, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
F3 The stock option was fully vested as of February 14, 2023.