New Rivian Executive Shows Confidence With Massive Stock Position
Rhea-AI Filing Summary
Michael John Callahan, Chief Administrative Officer of Rivian Automotive (RIVN), filed an initial Form 3 statement disclosing his beneficial ownership position as of June 11, 2025. The filing reveals significant equity holdings in both direct shares and stock options.
Key holdings include:
- 930,753 Class A Common Stock shares, comprising 203,685 shares from vested RSUs, 5,842 shares from ESPP purchases, and 721,226 unvested RSUs with various vesting schedules through 2025
- Stock Options totaling 1,986,068 shares: - 1,025,116 shares at $13.02 (expires 2033) - 264,086 shares at $10.90 (expires 2034) - 696,866 shares at $11.15 (expires 2035)
The unvested RSUs follow a structured vesting schedule over quarterly periods, while stock options vest annually at 20-25% over 4-5 years, indicating a long-term retention strategy for the executive.
Positive
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Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
CALLAHAN MICHAEL JOHN
Role
Chief Administrative Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Stock Option | -- | -- | -- |
| holding | Stock Option | -- | -- | -- |
| holding | Stock Option | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Stock Option — 1,986,068 shares (Direct);
Class A Common Stock — 930,753 shares (Direct)
Footnotes (4)
- F1. Consists of: (i) 203,685 shares resulting from previously vested Restricted Stock Units ("RSUs"), (ii) 5,842 shares purchased pursuant to the Issuer's 2021 Employee Stock Purchase Plan, and (iii) 721,226 unvested RSUs. Of the aggregate 721,226 unvested RSUs: (i) 224,245 of such unvested RSUs will vest over the next seven quarterly anniversaries after May 15, 2025, (ii) 148,548 of such unvested RSUs will vest over the next twelve quarterly anniversaries after May 15, 2025, and (iii) 348,433 of such unvested RSUs will vest over the next sixteen quarterly anniversaries after May 15, 2025. Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock and has no expiration date.
- F2. The stock option vests annually as to 25% of the underlying shares over the four anniversaries after March 20, 2023.
- F3. The stock option vests annually as to 25% of the underlying shares over the four anniversaries after May 13, 2024.
- F4. The stock option vests annually as to 20% of the underlying shares over the five anniversaries after April 21, 2025.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What stock options does RIVN's Chief Administrative Officer Michael Callahan hold?
Michael Callahan holds three sets of stock options: 1) 1,025,116 shares at $13.02 expiring March 20, 2033, 2) 264,086 shares at $10.90 expiring May 13, 2034, and 3) 696,866 shares at $11.15 expiring April 21, 2035.
What is the vesting schedule for Michael Callahan's RIVN RSUs as of June 2025?
Callahan's 721,226 unvested RSUs vest as follows: 224,245 RSUs vest over seven quarterly anniversaries after May 15, 2025; 148,548 RSUs vest over twelve quarterly anniversaries after May 15, 2025; and 348,433 RSUs vest over sixteen quarterly anniversaries after May 15, 2025.
When do RIVN CAO Michael Callahan's stock options vest?
Callahan's stock options vest on different schedules: The March 2033 options vest 25% annually over four years from March 20, 2023; the May 2034 options vest 25% annually over four years from May 13, 2024; and the April 2035 options vest 20% annually over five years from April 21, 2025.