Summary by Futu AI
Rivian Automotive, Inc. has announced that its Officer and Director, Robert J. Scaringe, is set to sell 83,333 common shares on 09/12/2024. The shares, valued at an aggregate market value of $1,140,003.77, were acquired on the same date through a stock option exercise from the issuer, with payment made in cash. This transaction follows a three-month period where Scaringe sold a total of 414,287 shares, grossing $6,689,192.11.