Venkataratnam Sreela 4

What Happened
Venkataratnam Sreela, Chief Accounting Officer of Rivian Automotive (RIVN), was granted 115,588 restricted stock units (RSUs) on March 20, 2026. The Form 4 reports an acquisition at $0.00 per unit (aggregate reported value $0), reflecting an equity award rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-03-20; Form 4 filed: 2026-03-24 (filed within two business days, timely).
• Grant size: 115,588 RSUs; reported acquisition price: $0.00; aggregate reported value: $0.
• Vesting: RSUs vest on each of the next sixteen quarterly anniversaries after February 15, 2026 (per footnote).
• Each RSU represents a contingent right to receive one share of Rivian Class A common stock; RSUs have no expiration date.
• Shares owned after the transaction: not specified in the provided filing.
• No tax withholding, sale, or 10b5-1 plan noted in this filing.

Context
RSU awards are a form of compensation/retention incentive and do not represent an immediate cash purchase or sale. The grant ties future equity delivery to continued service and the stated vesting schedule; they only convert into actual shares as they vest. This filing is informational and does not by itself indicate buying or selling intent.