Summary by Futu AI
Rivian Automotive, Inc. CEO Robert J. Scaringe completed a transaction involving the sale of Class A Common Stock on June 25, 2024. Scaringe sold 71,429 shares at a price of $11.25 per share, resulting in a total market value of $803,576.25. Prior to this sale, Scaringe acquired the same number of shares through the exercise of derivative securities at a price of $2.6282 per share. Following these transactions, Scaringe directly holds 909,691 shares of Rivian Automotive. Additionally, Scaringe has indirect ownership of 2,637,361 shares, held through an LLC and a Trust.