Summary by Futu AI
On December 16, 2024, Claire McDonough, Chief Financial Officer of Rivian Automotive, executed a significant stock transaction. McDonough sold 18,501 shares of Class A Common Stock at a price of $15.00 per share, resulting in a total transaction value of $277,515.The sale was conducted as an open market or private transaction, as indicated by the transaction code 'S'. Following this disposal, McDonough's direct ownership of Rivian Automotive common stock stands at 351,900 shares.This transaction has been reported as completed, providing investors with timely information about insider trading activity within the company. The sale represents a reduction in McDonough's personal stake in Rivian, though she maintains a substantial position as a key executive.