Summary by Futu AI
Rivian Automotive, Inc. has announced that its officer and director, Robert J. Scaringe, is set to sell 71,429 common shares on 07/08/2024. The shares, valued at an aggregate market price of $1,069,649.28, were acquired on the same date through the exercise of stock options, with the issuer being the source of the securities. The transaction is part of a plan adopted on 03/08/2024. Scaringe's sale follows a recent history of transactions over the past three months, where a total of 142,858 shares were sold for gross proceeds of $1,624,459.75.