Rivian director trust sells 20,000 shares at $20
Rivian Automotive director Karen Boone, through The Boone Family Trust, reported an open-market sale of 20,000 shares of Class A common stock on July 6, 2026 at $20.00 per share.
Rhea-AI Filing Summary
Rivian Automotive director Karen Boone, through The Boone Family Trust, reported an open-market sale of 20,000 shares of Class A common stock on July 6, 2026 at $20.00 per share. Following the transaction, the trust held 110,000 shares indirectly and Boone also reported 115,794 shares held directly.
The sale was executed under a pre-arranged Rule 10b5-1 trading plan adopted on November 24, 2025, and falls under an exception to a lock-up agreement. The remaining shares are subject to a lock-up that restricts sales for 45 days after the date of the final prospectus, subject to specified exceptions.
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Insider Trade Summary 10b5-1
Net Seller: 20,000 shares
Net Sell
2 txns
Insider
Boone Karen
Role
Director
Sold
20,000 shs ($400K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 20,000 | $20.00 | $400K |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 110,000 shares (Indirect, See footnote);
Class A Common Stock — 115,794 shares (Direct)
Footnotes (3)
- F1. The sale reported in this transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on November 24, 2025, as described in the Issuer's Annual Report on Form 10-K for the fiscal year ended December 31, 2025, filed with the Securities and Exchange Commission on February 12, 2026. The sale was made under an exception to the restrictions under the Lock-Up Agreement (as defined in Footnote 2) for an "Existing Trading Plan" (as defined therein).
- F2. The shares of Class A Common Stock beneficially owned by the Reporting Person following the transactions reported on this Form 4 are subject to a lock-up agreement (the "Lock-Up Agreement") between the Reporting Person and Goldman Sachs & Co. LLC , dated July 6, 2026 (the "Lock-up Date") pursuant to which the shares of Class A Common Stock reported herein cannot be sold for 45 days following the date of the final Prospectus (as defined in the Lock-Up Agreement), subject to certain enumerated exceptions in the Lock-Up Agreement.
- F3. By The Boone Family Trust dated August 6, 2015.
Key Figures
Shares sold: 20,000 shares
Sale price: $20.00 per share
Approximate sale proceeds: $400,000
+4 more
7 metrics
Shares sold
20,000 shares
Open-market sale of Class A common stock on July 6, 2026
Sale price
$20.00 per share
Price for 20,000 Rivian Class A shares sold
Approximate sale proceeds
$400,000
20,000 shares at $20.00 per share
Indirect holdings after sale
110,000 shares
Class A shares held by The Boone Family Trust after transaction
Direct holdings
115,794 shares
Class A shares held directly by Karen Boone as of July 6, 2026
Lock-up duration
45 days
Period after final prospectus during which sales are restricted
Trading plan adoption date
November 24, 2025
Date Boone adopted the Rule 10b5-1 trading plan
Key Terms
Rule 10b5-1 trading plan, Lock-Up Agreement, Existing Trading Plan, beneficially owned, +1 more
5 terms
Rule 10b5-1 trading plan regulatory
"The sale reported in this transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person"
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
Lock-Up Agreement regulatory
"subject to a lock-up agreement (the "Lock-Up Agreement") between the Reporting Person and Goldman Sachs & Co. LLC"
A lock-up agreement is a contract that prevents company insiders and early investors from selling their shares for a fixed period after a stock sale, often after an initial public offering. It matters to investors because it temporarily limits the number of shares that can hit the market, which can keep the share price steadier; when the lock-up ends, a sudden increase in available shares can create extra volatility, revealing insiders’ confidence or lack thereof.
Existing Trading Plan regulatory
"The sale was made under an exception to the restrictions under the Lock-Up Agreement ... for an "Existing Trading Plan""
beneficially owned financial
"The shares of Class A Common Stock beneficially owned by the Reporting Person following the transactions"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
Class A Common Stock financial
"The shares of Class A Common Stock beneficially owned by the Reporting Person"
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
FAQ
What insider transaction did Rivian (RIVN) disclose for Karen Boone?
Rivian reported that a trust associated with director Karen Boone sold 20,000 Class A shares at $20.00 per share. The transaction was an open-market sale and was executed under a pre-arranged Rule 10b5-1 trading plan adopted in November 2025.
Was the Rivian (RIVN) insider sale by Karen Boone pre-planned?
Yes. The filing states the sale was made under a Rule 10b5-1 trading plan adopted by Karen Boone on November 24, 2025. Such plans schedule trades in advance, helping separate routine portfolio management from discretionary market-timing decisions.
AI-generated analysis. How Rhea-AI works. Not financial advice.
