Scaringe Robert J 4

What Happened

• Robert J. Scaringe, CEO of Rivian Automotive (RIVN), sold 17,450 shares on 2026-03-17 in an open-market disposal. The weighted-average sale price was $15.60, for total proceeds of approximately $272,230. The filing reports this as a sale (transaction code S) and indicates the trades were effected automatically under an existing Rule 10b5-1 trading plan.

Key Details

• Transaction date: 2026-03-17; Form 4 filed: 2026-03-19 (appears timely under the 2-business-day requirement).
• Sale price: weighted average $15.60; reported per-share prices ranged from $15.30 to $15.85.
• Shares owned after transaction: not specified in the provided filing excerpt.
• Footnotes: (F1) Sale was automatic under a 10b5-1 plan adopted 2025-03-14 and amended 2025-06-11; (F2) weighted-average price noted and issuer/SEC can request per-trade price breakdown.
• Transaction type: Open-market sale (S); not an option exercise, gift, or award.

Context

• Trades under a Rule 10b5-1 plan are pre-scheduled and often reflect routine diversification or liquidity needs rather than active insider trading decisions. Sales are informative for liquidity but generally carry less interpretive weight than insider purchases.