Venkataratnam Sreela 4
Research Summary
AI-generated summary
Rivian (RIVN) CAO Sreela Sells 17,486 Shares for Tax Withholding
What Happened
- Venkataratnam Sreela, Chief Accounting Officer of Rivian (RIVN), had 17,486 shares of Class A common stock withheld (disposed) on May 15, 2026 to satisfy tax-withholding obligations tied to the vesting of 39,889 restricted stock units (RSUs). The withholding used a per-share price of $14.52, totaling approximately $253,897.
Key Details
- Transaction date: May 15, 2026; Form 4 filed: May 19, 2026 (appears timely).
- Price used: $14.52 per share (closing price on May 14, 2026).
- Shares withheld/disposed: 17,486; RSUs vested: 39,889 (per footnote).
- Transaction code: F — company withheld shares for tax obligations (not an open-market sale).
- Shares owned after the transaction: not provided in the materials supplied.
Context
- This was a cashless tax-withholding event tied to RSU vesting (routine administrative disposition), not a voluntary open-market sale that would necessarily signal a view on the stock. No 10b5-1 plan, gift, or option exercise was indicated in the provided filing details.