Scaringe Robert J 4

What Happened
Robert J. Scaringe, CEO of Rivian Automotive (RIVN), sold 34,818 shares on May 28, 2026. The shares were disposed at $15.00 each for a total proceeds of $522,270. This was a sale (S), not a purchase—sales under 10b5-1 plans are typically routine and pre-scheduled.

Key Details

• Transaction date: 2026-05-28; price: $15.00 per share; total value: $522,270.
• Report filed: 2026-05-29 (appears timely, filed the next day).
• Shares owned after transaction: not disclosed in the excerpt of this filing.
• Footnote: Sale was effected automatically under a previously disclosed Rule 10b5-1 trading plan (adopted Mar 14, 2025; amended Jun 11, 2025).
• Transaction code: S = Sale (open market or private sale as reported).

Context
A Rule 10b5-1 plan allows insiders to sell shares on a pre-set schedule; such sales do not necessarily indicate a change in the insider’s view of the company. For retail investors, purchases typically convey stronger signals than routine, plan-driven sales.