Summary by Futu AI
Rivian Automotive, Inc. CEO Robert J. Scaringe completed a transaction involving the sale of 83,333 shares of Class A Common Stock on September 12, 2024. The shares were sold at a price of $13.6802 per share, resulting in a total market value of $1,140,012.11. Prior to this sale, Scaringe exercised options to acquire the same number of shares at $2.6282 each. Following these transactions, Scaringe directly holds 886,526 shares of Rivian Automotive. Additionally, Scaringe has indirect ownership of 2,637,361 shares through a trust and an LLC.