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 09/23/2024. The shares, valued at approximately $969,587.79, were acquired on the same date through a stock option exercise, with the securities being purchased directly from the issuer for cash. This transaction follows a series of sales over the past three months, where a total of 497,620 shares were sold for gross proceeds of $7,829,195.88.