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Rivian Automotive | SC 13G: Statement of acquisition of beneficial ownership by individuals-BlackRock, Inc.(5.2%)

SEC announcement ·  Feb 1 03:11
Summary by Futu AI
BlackRock, Inc., a major investment management corporation, has filed a Schedule 13G with the Securities and Exchange Commission (SEC) on January 31, 2024, indicating a significant stake in Rivian Automotive, Inc. The filing reveals that BlackRock now holds 49,138,804 shares of Rivian's common stock, which represents 5.2% of the company's total class of securities. This level of ownership grants BlackRock sole voting power over 45,323,165 shares and sole dispositive power over the entire 49,138,804 shares they own. The filing, made under Rule 13d-1(b), designates BlackRock as a parent holding company or control person. The address for Rivian Automotive's principal executive offices is listed as 14600 Myford Road, Irvine, CA 92618, while BlackRock's principal business office is at 50 Hudson Yards, New York, NY 10001. The filing asserts that the shares were acquired in the ordinary course of business and not for the purpose of changing or influencing the control of Rivian Automotive.
BlackRock, Inc., a major investment management corporation, has filed a Schedule 13G with the Securities and Exchange Commission (SEC) on January 31, 2024, indicating a significant stake in Rivian Automotive, Inc. The filing reveals that BlackRock now holds 49,138,804 shares of Rivian's common stock, which represents 5.2% of the company's total class of securities. This level of ownership grants BlackRock sole voting power over 45,323,165 shares and sole dispositive power over the entire 49,138,804 shares they own. The filing, made under Rule 13d-1(b), designates BlackRock as a parent holding company or control person. The address for Rivian Automotive's principal executive offices is listed as 14600 Myford Road, Irvine, CA 92618, while BlackRock's principal business office is at 50 Hudson Yards, New York, NY 10001. The filing asserts that the shares were acquired in the ordinary course of business and not for the purpose of changing or influencing the control of Rivian Automotive.
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