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

Role
Chief Executive Officer, Director
Signature
/s/ Jamie Chung, Attorney-in-Fact
Stock symbol
RIVN
Transactions as of
May 13, 2024
Transactions value $
$0
Form type
4
Date filed
5/15/2024, 05:14 PM
Previous filing
Mar 5, 2024
Next filing
May 17, 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 +429K +88.07% $0.00 916K May 13, 2024 Direct F1
holding RIVN Class A Common Stock 4.6K May 13, 2024 By LLC
holding RIVN Class A Common Stock 2.63M May 13, 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 +572K $0.00 572K May 13, 2024 Class A Common Stock 572K $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.