Summary by Futu AI
Rivian Automotive, Inc. CEO Robert J. Scaringe completed a transaction involving the sale of 71,429 shares of Class A Common Stock on June 10, 2024. The shares were sold at a price of $11.4924 per share, resulting in a total market value of approximately $820,890.64. Prior to this sale, Scaringe exercised an equivalent number of shares at a price of $2.6282. Following the transactions, Scaringe directly holds 909,691 shares of Rivian Automotive. Additionally, Scaringe has indirect ownership of 2,637,361 shares through a trust and an LLC. The transactions were reported as completed on the same day.