Summary by Futu AI
Rivian Automotive, Inc. CEO Robert J. Scaringe completed a sale of 23,165 shares of the company's Class A Common Stock on August 15, 2024. The transaction was executed at a price of $13.25 per share, resulting in a total market value of $306,936.25. Following the sale, Scaringe directly holds 886,526 shares of Rivian Automotive. The sale was reported as a means to cover the payment of exercise price or tax liability by delivering or withholding securities. Additionally, Scaringe holds an indirect interest in 2,637,361 shares through a combination of LLC and Trust ownerships.