Summary by Futu AI
Claire McDonough, Chief Financial Officer of Rivian Automotive, completed a sale of company stock over two consecutive days. On May 15, 2024, McDonough sold 4,029 shares of Class A Common Stock at a price of $11.19 per share. The following day, she disposed of an additional 3,210 shares at $10.25 each. The total number of shares sold amounted to 7,239, with the transactions valued at approximately $77,987.01. After these sales, McDonough's direct holdings in Rivian Automotive totaled 405,422 shares. The sales were executed as a means to pay for the exercise price or tax liability by delivering or withholding securities, and as an open market or private sale, respectively.