Summary by Moomoo AI
Rivian Automotive, Inc.'s Chief Commercial Officer, Kjell Gruner, completed a sale of 9,700 shares of the company's Class A Common Stock on May 15, 2024. The transaction was carried out at a price of $11.19 per share, resulting in a total market value of $108,543. Following the sale, Gruner's direct holdings in Rivian Automotive amount to 398,087 shares. The sale was executed as a means to cover the payment of exercise price or tax liability by delivering or withholding securities, according to the transaction code description.