Summary by Futu AI
Rivian Automotive, Inc. has announced that its Officer and Director, Robert J. Scaringe, is set to sell 200,000 shares of common stock on 07/12/2024. The shares, valued at an aggregate market value of $3,600,220, were acquired on the same date through a stock option exercise, with the payment made in cash to the issuer. This transaction follows a recent history of sales by Scaringe over the past three months, where a total of 214,287 shares were sold for gross proceeds of approximately $2,694,109.