Venkataratnam Sreela 4
Research Summary
AI-generated summary
Rivian (RIVN) Chief Accounting Officer Withholds 12,073 Shares
What Happened
- Venkataratnam Sreela, Rivian's Chief Accounting Officer, had 12,073 shares of Class A common stock withheld on February 15, 2026 to satisfy tax withholding obligations related to the vesting of 32,666 Restricted Stock Units (RSUs). The withheld shares were valued at $17.73 each, totaling $214,054.
Key Details
- Transaction date: 2026-02-15; Filing date (Form 4): 2026-02-18.
- Shares withheld/disposed: 12,073 at $17.73 per share; aggregate value $214,054.
- Vesting: 32,666 RSUs vested on February 15, 2026 (footnote F1).
- Price reference: $17.73 is the issuer's closing price on February 13, 2026 (footnote F2).
- Transaction code: F (tax withholding to satisfy tax obligations on vesting).
- Shares owned after transaction: Not specified in the provided filing summary.
- Filing timeliness: No late-filing notation in the supplied data.
Context
- This was a tax-withholding (cashless) settlement tied to RSU vesting—not an open-market sale or a buy. Such withholdings are routine and generally reflect tax obligations rather than a decision to liquidate additional shares.