Summary by Futu AI
BlackRock, Inc., a major investment management corporation, has filed an amended Schedule 13G with the Securities and Exchange Commission on May 31, 2024, indicating a change in its holdings in Rivian Automotive, Inc. According to the filing, BlackRock now beneficially owns 46,502,350 shares of Rivian's common stock, which represents 4.7% of the company's class of securities. This marks a decrease from a previous holding, as BlackRock has checked the box indicating it has ceased to be the beneficial owner of more than 5 percent of the class of securities. The filing was signed by Spencer Fleming, Attorney-In-Fact for BlackRock, Inc., and includes a list of subsidiaries under BlackRock that collectively own the reported shares. The address for Rivian Automotive's principal executive offices is listed as 14600 MYFORD ROAD IRVINE CA 92618.