Summary by Moomoo AI
Rivian Automotive, Inc. has announced that its Officer and Director, Robert J. Scaringe, is set to sell 71,429 common shares on 06/25/2024. The shares, valued at an aggregate market value of $803,576.25, were acquired on the same date through a stock option exercise from the issuer. The transaction will be settled in cash. This planned sale follows a similar transaction that occurred on 06/10/2024, where Scaringe sold an equal number of shares, totaling 71,429, for gross proceeds of $820,883.5.