Scaringe Robert J 4

What Happened Robert J. Scaringe, CEO of Rivian Automotive (RIVN), reported the sale of 21,446 shares on April 14, 2026. The shares were disposed for a total of approximately $346,782 at a weighted average price of $16.17 per share (individual sale prices ranged from $15.815 to $16.66). This was a sale (not a purchase) and was effected pursuant to an existing Rule 10b5-1 trading plan.

Key Details

• Transaction date: April 14, 2026 (reported on Form 4 filed April 16, 2026) — filing appears timely.
• Shares sold: 21,446; weighted average price: $16.17; total proceeds ≈ $346,782.
• Price range: $15.815 to $16.66; the filer offers to provide a breakdown of shares sold at each price on request (footnote).
• Plan/automation: Sale executed automatically under a previously disclosed Rule 10b5-1 plan adopted Mar 14, 2025 and amended Jun 11, 2025.
• Shares owned after transaction: Not disclosed in the information provided in this summary.

Context

• A Rule 10b5-1 plan allows insiders to pre-authorize trades and is commonly used to avoid trading on nonpublic information; such sales are often routine and should not be read as a company assessment.
• This filing reports an outright sale (Form 4 code S), not an option exercise, award, or gift.