Summary by Moomoo AI
Robert J. Scaringe, an officer and director at Rivian Automotive, plans to sell 83,334 common shares on 11/25/2024. The shares were acquired through a stock option exercise on the same date, with a total market value of approximately $937,507.5.In the past 3 months, Scaringe has sold a total of 166,666 shares, generating gross proceeds of about $2,109,591.56. Previous sales include 83,333 shares on 09/23/2024 for $969,587.79 and another 83,333 shares on 09/12/2024 for $1,140,003.77.This transaction is part of a planned sale, with the plan adopted on 03/08/2024. Investors should note the ongoing divestment by a key executive in the company.
