Rivian CEO Robert Scaringe Sells 20,264 Shares

What Happened
R. J. (Robert) Scaringe, CEO of Rivian Automotive (RIVN), sold 20,264 shares on 2026-03-31 at $15.00 per share, generating proceeds of $303,960. This was a sale (code S), not a purchase.

Key Details

• Transaction date: 2026-03-31; Price: $15.00; Shares sold: 20,264; Proceeds: $303,960.
• Transaction type: Open market or private sale (Form 4 code S).
• Footnote: Sale was executed automatically under a previously disclosed Rule 10b5-1 trading plan adopted 2025-03-14 and amended 2025-06-11 (as noted in the issuer’s 10-Qs).
• Filing date: 2026-04-02 (Form 4 accession 0001891517-26-000018); appears to be filed timely (within the required reporting window).
• Shares owned after transaction: Not disclosed in the provided report.

Context
Trades under Rule 10b5-1 plans are typically pre-scheduled and can reflect routine portfolio management rather than a real-time view of the company. Sales by executives are common and do not, by themselves, indicate insider sentiment.