Robert J. Scaringe - 13 May 2024 Form 4 Insider Report for Rivian Automotive, Inc. / DE (RIVN)

Role
Chief Executive Officer, Director
Signature
/s/ Jamie Chung, Attorney-in-Fact
Issuer symbol
RIVN
Transactions as of
13 May 2024
Net transactions value
$0
Form type
4
Filing time
15 May 2024, 17:14:48 UTC
Previous filing
05 Mar 2024
Next filing
17 May 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RIVN Class A Common Stock Award $0 +429,138 +88% $0.000000 916,430 13 May 2024 Direct F1
holding RIVN Class A Common Stock 4,595 13 May 2024 By LLC
holding RIVN Class A Common Stock 2,632,766 13 May 2024 By Trust

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction RIVN Stock Option Award $0 +572,184 $0.000000 572,184 13 May 2024 Class A Common Stock 572,184 $10.90 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents an award of 429,138 restricted stock units ("RSUs") which will vest on each of the next sixteen quarterly anniversaries after May 15, 2024. 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 closing price of the Issuer's Class A Common Stock on May 13, 2024.
F3 The stock option will vest annually as to 25% of the underlying shares over the next four anniversaries of May 13, 2024.