Venkataratnam Sreela 4
4 · Rivian Automotive, Inc. / DE · Filed May 22, 2026
Research Summary
AI-generated summary of this filing
Rivian CAO Sreela Buys 2,756 Shares via ESPP
What Happened Venkataratnam Sreela, Rivian's Chief Accounting Officer, acquired 2,756 shares of Rivian (RIVN) Class A common stock on May 20, 2026. The shares were purchased under Rivian's 2021 Employee Stock Purchase Plan (ESPP) at $11.67 per share, for a total of approximately $32,164. This was a purchase (acquisition) reported on a Form 4 (transaction code A), not a sale.
Key Details
- Transaction date: May 20, 2026 (shares acquired on the last business day of the offering period).
- Price: $11.67 per share; total value ≈ $32,164.
- Plan/structure: Shares bought under the ESPP for the offering period Nov 21, 2025 – May 20, 2026.
- Footnotes: Reporting is voluntary; purchase was exempt under Rule 16b-3(c). ESPP price represented 85% of the closing price on May 20, 2026.
- Shares owned after the transaction: Not disclosed in the provided filing.
- Filing timeliness: Form filed May 22, 2026 — appears timely (within the usual 2-business-day Form 4 deadline).
Context ESPP purchases are common employee benefit transactions and are treated as acquisitions (often viewed as modestly bullish because insiders are buying company stock). This transaction reflects an automated ESPP purchase at a discounted price (85% of the closing price), not a discretionary open-market buy; it does not by itself indicate a change in the officer's view of the company beyond participation in the plan.
Insider Transaction Report
- Award
Class A Common Stock
[F1][F2][F3]2026-05-20$11.67/sh+2,756$32,164→ 584,896 total
Footnotes (3)
- [F1]The Reporting Person is voluntarily reporting the acquisition of shares of the Issuer's Class A Common Stock pursuant to the Rivian Automotive, Inc. 2021 Employee Stock Purchase Plan (the "ESPP") for the purchase period of November 21, 2025 through May 20, 2026 (the "Offering Period"). The acquisition of those 2,756 shares of Class A Common Stock was also exempt pursuant to Rule 16b-3(c).
- [F2]The Offering Period ended on May 20, 2026, and the shares were acquired on the last business day of the Offering Period.
- [F3]In accordance with the ESPP, these shares were purchased at a price that represented 85% of the closing price of the Issuer's Class A Common Stock on May 20, 2026.