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Rivian Automotive | SC 13G: Statement of acquisition of beneficial ownership by individuals-The Vanguard Group(7.19%)

SEC announcement ·  Feb 14 06:44
Summary by Futu AI
The Vanguard Group has filed a Schedule 13G with the Securities and Exchange Commission (SEC) on February 13, 2024, indicating a significant ownership stake in Rivian Automotive, Inc. As of December 29, 2023, The Vanguard Group reported owning 68,313,205 shares of Rivian Automotive's common stock, which represents 7.19% of the company's Class A shares. The filing, made under Rule 13d-1(b), shows that The Vanguard Group has shared voting power over 426,300 shares and sole dispositive power over 66,860,237 shares, with an additional shared dispositive power over 1,452,968 shares. The Vanguard Group, headquartered in Pennsylvania, is an investment adviser and reports that the securities were acquired in the ordinary course of business, not with the intent of changing or influencing the control of Rivian Automotive.
The Vanguard Group has filed a Schedule 13G with the Securities and Exchange Commission (SEC) on February 13, 2024, indicating a significant ownership stake in Rivian Automotive, Inc. As of December 29, 2023, The Vanguard Group reported owning 68,313,205 shares of Rivian Automotive's common stock, which represents 7.19% of the company's Class A shares. The filing, made under Rule 13d-1(b), shows that The Vanguard Group has shared voting power over 426,300 shares and sole dispositive power over 66,860,237 shares, with an additional shared dispositive power over 1,452,968 shares. The Vanguard Group, headquartered in Pennsylvania, is an investment adviser and reports that the securities were acquired in the ordinary course of business, not with the intent of changing or influencing the control of Rivian Automotive.
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