Summary by Futu AI
Rivian Automotive, Inc. CEO Robert J. Scaringe completed a transaction involving the company's stock on July 8, 2024. Scaringe executed a sale of 71,429 shares of Class A Common Stock at a price of $14.975 per share, resulting in a total market value of $1,069,649.275. 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 beneficial ownership of 2,637,361 shares, held through an LLC and a Trust.