Summary by Futu AI
Rivian Automotive, Inc. officer Claire McDonough plans to sell 18,501 common shares on 12/16/2024, with an estimated market value of $277,515. The shares to be sold were acquired as restricted stock from the issuer in two tranches: 9,952 shares on 08/15/2024 and 8,549 shares on 11/15/2024.This sale is part of a pre-planned trading arrangement adopted on 08/16/2024. In the past three months, McDonough has sold a total of 11,307 shares, generating gross proceeds of $130,979.7. These previous sales occurred on 11/26/2024 (8,097 shares) and 11/18/2024 (3,210 shares).The upcoming sale represents a continuation of McDonough's recent trading activity in Rivian stock. Investors should note that such pre-planned sales by company officers are common and may not necessarily reflect the executive's view on the company's future performance.