Summary by Futu AI
Claire McDonough, an officer at Rivian Automotive, plans to sell 8,097 common shares on 11/26/2024. The aggregate market value of these shares is approximately $98,783.40. The shares to be sold were acquired through restricted stock transactions on 11/15/2024 and 08/15/2024, with each acquisition involving around 4,048 and 4,049 shares respectively.In the past 3 months, McDonough sold 3,210 common shares on 11/18/2024, generating gross proceeds of $32,196.30. This upcoming sale is part of a planned transaction, with the plan adopted on 08/16/2024. Investors should note the strategic timing and nature of these transactions as they assess Rivian Automotive's stock performance.