Summary by Futu AI
Rivian Automotive, Inc. CEO Robert J. Scaringe completed a transaction involving the sale of 200,000 shares of Class A Common Stock on July 12, 2024. The shares were sold at a price of $18.0011 per share, resulting in a total market value of $3,600,220. Prior to this transaction, Scaringe exercised an equivalent number of shares 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.