Summary by Futu AI
Rivian Automotive, Inc. has announced that its Officer and Director, Robert J. Scaringe, will sell 71,429 common shares on June 10, 2024. The shares, valued at approximately $820,883.5, were acquired on the same date through the exercise of stock options, with the securities originating directly from the issuer. The transaction will be settled in cash. This planned sale follows a period where no other securities transactions were reported by Scaringe in the past three months, as per the company's latest filing.