Summary by Futu AI
On 11/25/2024, Rivian Automotive's CEO, Robert J Scaringe, completed a transaction involving the sale of 83,334 shares of Class A Common Stock. The shares were sold at a price of $11.25 per share, resulting in a total transaction value of approximately $937,507.5. This transaction was conducted as an open market or private sale.Prior to the sale, Scaringe acquired the same number of shares through the exercise or conversion of a derivative security at a price of $2.6282 per share. Following these transactions, Scaringe holds 863,361 shares directly. Additionally, he holds 2,637,361 shares indirectly through entities such as an LLC and a Trust.