Rivian CEO sells 34,900 shares under trading plan
Rivian Automotive CEO Robert J. Scaringe sold 34,900 shares of Class A common stock in an open‑market transaction at an average price of $16.7976 on February 18, 2026, under a previously adopted Rule 10b5‑1 trading plan.
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Rhea-AI Filing Summary
Rivian Automotive CEO Robert J. Scaringe sold 34,900 shares of Class A common stock in an open‑market transaction at an average price of $16.7976 on February 18, 2026, under a previously adopted Rule 10b5‑1 trading plan.
On February 15, 2026, 35,578 shares were withheld to cover taxes tied to the vesting of 86,539 restricted stock units. After these transactions, he held 1,044,731 shares directly, plus 2,297 shares indirectly through an LLC and 2,632,766 shares indirectly through a trust.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 34,900 | $16.7976 | $586K |
| Exercise Price or Tax Liability | Class A Common Stock | 35,578 | $17.73 | $631K |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Footnotes (4)
- F1. 35,578 shares of Class A Common Stock were withheld by the Company for the purposes of satisfying tax withholding obligations in connection with the vesting of 86,539 Restricted Stock Units on February 15, 2026.
- F2. The closing price of the Issuer's Class A Common Stock on February 13, 2026.
- F3. The sale reported in this transaction was effected automatically pursuant to a previously disclosed Rule 10b5-1 trading plan adopted on March 14, 2025 and amended on June 11, 2025, as disclosed in the Issuer's Quarterly Report on Form 10-Q for each such quarter.
- F4. The price reported is a weighted average sale price. The shares were sold in multiple transactions at prices ranging from $16.49 to $17.07, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
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What did Rivian (RIVN) CEO Robert Scaringe report in this Form 4?
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