Insider Selling: Rivian Automotive (NASDAQ:RIVN) CEO Sells 52,350 Shares of Stock

Insider Selling: Rivian Automotive (NASDAQ:RIVN) CEO Sells 52,350 Shares of Stock

Rivian Automotive, Inc. (NASDAQ:RIVN - Get Free Report) CEO Robert Scaringe sold 52,350 shares of the firm's stock in a transaction that occurred on Tuesday, November 11th. The stock was sold at an average price of $16.60, for a total transaction of $869,010.00. Following the sale, the chief executive officer owned 1,246,405 shares of the company's stock, valued at $20,690,323. The trade was a 4.03% decrease in their ownership of the stock. The …

Rivian CEO Sells 52,350 Shares Worth $869,000, SEC Filing Shows

Rivian‘s founder and Chief Executive Officer RJ Scaringe filed a notice with the Securities and Exchange Commission (SEC) to sell 52,350 shares of common stock valued at nearly $869,000. The sale comes less than a week after Rivian disclosed on November 6 that its board granted Scaringe a new performance-based stock option for up to 36.5 million shares, replacing a previous 20.4 million share award from 2021. The company also doubled his base sa…