Schwartz Sanford Harold 4

What Happened Sanford Schwartz, a director of Rivian Automotive (RIVN), had an award of 1,020 restricted stock units (RSUs) that vested on January 20, 2026. The Form 4 reports an acquisition of 1,020 shares at $0.00 (the RSUs vested but no shares were issued at filing because Schwartz elected to defer issuance). The filing reflects a compensation award rather than an open‑market purchase or sale.

Key Details

• Transaction date: January 20, 2026 (Period of Report). Form 4 filed January 22, 2026.
• Reported acquisition: 1,020 RSUs; price shown $0.00 (no cash exchanged at vesting due to deferral).
• Shares owned after transaction: Not specified in the filing.
• Footnote: The RSUs vested on Jan 20, 2026, but the reporting person elected to defer issuance of the underlying Class A common stock until termination of his service as a director; the RSUs will settle into shares upon such termination.
• Timeliness: Filing appears timely (filed two days after the vesting date).

Context RSUs are a form of compensation that convert to shares (or cash) under specified conditions. In this case, although the RSUs vested, no shares were immediately issued because of a deferral election, so there was no open‑market buying or selling tied to this transaction. Awards like this are routine director compensation and should not be taken alone as a direct signal of the insider’s view of the stock.