[Form 4] Rivian Automotive, Inc. Insider Trading Activity
Filing Impact
Filing Sentiment
Form Type
4
Insider Trade Summary
3,912,500 shares exercised/converted
Mixed
8 txns
Insider
Scaringe Robert J
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Class B Common Stock | 3,912,500 | $0.00 | -- |
| Other | Stock Option | 3,642,631 | $0.00 | -- |
| Other | Stock Option | 500,000 | $0.00 | -- |
| Other | Stock Option | 1,863,133 | $0.00 | -- |
| Other | Class A Common Stock | 88,061 | $0.00 | -- |
| Conversion | Class A Common Stock | 3,912,500 | $0.00 | -- |
| Other | Class A Common Stock | 3,914,798 | $0.00 | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class B Common Stock — 3,912,500 shares (Indirect, By LLC);
Stock Option — 3,642,631 shares (Direct);
Class A Common Stock — 1,395,050 shares (Direct);
Class A Common Stock — 3,917,095 shares (Indirect, By LLC)
Footnotes (1)
- Represents securities transferred to the Reporting Person's former spouse pursuant to a divorce settlement. The securities owned by the former spouse are not beneficially owned by the Reporting Person. Upon transfer to the Reporting Person's former spouse, the shares of Class B Common Stock automatically converted into shares of the Issuer's Class A Common Stock. The Class B Common Stock is convertible at any time at the option of the holder into the Issuer's Class A Common Stock on a one-to-one basis. The Class B Common Stock will automatically convert into shares of the Issuer's Class A Common Stock on a one-to-one basis upon the earliest of (a) a date fixed by the Issuer's board of directors that is not less than 60 days nor more than 180 days following the death or disability of the Reporting Person, (b) the five year anniversary of the date of the closing of the Issuer's initial public offering ("IPO") and (c) the date fixed by the Issuer's board of directors that is no less than 61 days and no more than 180 days following the date that the number of outstanding shares of Class B Common Stock represents less than 30% of the shares of Class B Common Stock outstanding immediately following the IPO. The stock option is fully vested and exercisable. The stock option grant has vested, or will vest, with respect to the original grant relating to 27,141,261 shares of Class Common Stock, as to (i) 6,785,315 shares underlying the stock option in 6 substantially equal annual installments beginning on the first anniversary of the Issuer's IPO and (ii) 20,355,946 shares underlying the stock option based on the per share price of the Issuer's Class A Common Stock exceeding various thresholds.
