| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | RIVN | Stock Option | Options Exercise | $0 | -71.4K | -0.83% | $0.00 | 8.49M | Jul 8, 2024 | Class A Common Stock | 71.4K | $2.63 | Direct | F3 |
Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.
Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).
| Id | Content |
|---|---|
| F1 | The sale reported in this transaction was effected automatically pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on March 8, 2024, as described in the Issuer's Quarterly Report on Form 10-Q for the three months ended March 31, 2024, filed with the Securities and Exchange Commission (the "SEC") on May 7, 2024. |
| F2 | The price reported is a weighted average sale price. The shares were sold in multiple transactions at prices ranging from $14.68 to $15.20, 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 |
| F3 | The stock option was fully vested as of February 14, 2023. |