Summary by Futu AI
Rivian Automotive, Inc. has announced that its Officer and Director, Robert J. Scaringe, is set to sell 71,429 shares of common stock on 07/22/2024. The shares, valued at an aggregate market value of $1,215,746.58, were acquired on the same date through a stock option exercise from the issuer, with payment made in cash. This transaction follows a recent history of sales by Scaringe over the past three months, totaling 414,287 shares for gross proceeds of $6,294,329.03.