Rivian CAO sells 15,000 shares at $16.29
Rivian’s chief administrative officer reported a Rule 10b5-1–planned sale of 15,000 Class A shares, retaining over 1.0 million shares afterward.
Rhea-AI Filing Summary
Rivian Automotive, Inc. (RIVN) reported that Chief Administrative Officer Michael John Callahan sold 15,000 shares of Class A common stock on September 11, 2026, at a weighted average price of $16.2927 per share in multiple trades between $16.175 and $16.52, pursuant to a Rule 10b5-1 trading plan adopted on June 12, 2026. After this sale, he directly holds 1,016,776 shares of Class A common stock.
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Insider Trade Summary 10b5-1
Net Seller: 15,000 shares
Net Sell
1 txn
Insider
CALLAHAN MICHAEL JOHN
Role
Chief Administrative Officer
Sold
15,000 shs ($244K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock F1, F2 | 15,000 | $16.2927 | $244K |
Holdings After Transaction:
Class A Common Stock — 1,016,776 shares (Direct)
Footnotes (2)
- F1. The sale reported in this transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on June 12, 2026, as described in the Issuer's Quarterly Report on Form 10-Q for the three months ended June 30, 2026, filed with the Securities and Exchange Commission on July 30, 2026.
- F2. The price reported is a weighted average sale price. The shares were sold in multiple transactions at prices ranging from $16.175 to $16.52, 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.
Key Figures
Shares sold: 15,000 shares
Weighted average sale price: $16.2927 per share
Sale price range: $16.175 to $16.52 per share
+3 more
6 metrics
Shares sold
15,000 shares
Class A common stock sold by Chief Administrative Officer on September 11, 2026
Weighted average sale price
$16.2927 per share
Average price for the 15,000 shares sold on September 11, 2026
Sale price range
$16.175 to $16.52 per share
Price range of multiple sale transactions on September 11, 2026
Shares held after transaction
1,016,776 shares
Direct holdings of Class A common stock by Michael John Callahan after the sale
Rule 10b5-1 plan adoption date
June 12, 2026
Date on which the trading plan governing this sale was adopted
Related Form 10-Q filing date
July 30, 2026
Date the Form 10-Q describing the trading plan was filed
Key Terms
Rule 10b5-1 trading plan, weighted average sale price, Class A common stock
3 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 on June 12, 2026"
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.
weighted average sale price financial
"The price reported is a weighted average sale price"
Class A common stock financial
"The shares were sold in multiple transactions at prices ranging"
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
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did RIVN report for Michael John Callahan?
Rivian reported that Chief Administrative Officer Michael John Callahan sold 15,000 shares of Class A common stock on September 11, 2026, in an open-market or private transaction, as disclosed in a Form 4 filing.
Was the RIVN insider sale made under a Rule 10b5-1 trading plan?
Yes. The filing states the sale was made pursuant to a Rule 10b5-1 trading plan adopted by Michael John Callahan on June 12, 2026.
What role does Michael John Callahan hold at RIVN?
Michael John Callahan is Rivian Automotive, Inc.’s Chief Administrative Officer, as identified in the Form 4 reporting this transaction.
Where is the Rule 10b5-1 plan for the RIVN insider sale described?
The Rule 10b5-1 trading plan adopted on June 12, 2026, is described in Rivian’s Quarterly Report on Form 10-Q for the three months ended June 30, 2026, filed on July 30, 2026.
AI-generated analysis. How Rhea-AI works. Not financial advice.