Rivian CAO Sells $244K in Stock Under Rule 10b5-1 Trading Plan
Rivian Automotive, Inc. / DE
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Filing Summary
Rivian Automotive (NASDAQ: RIVN) Form 4 Filing Insider: Michael John Callahan (Chief Administrative Officer) Transaction: Sold 15,000 shares of Class A Common Stock at an average price of $16.2927 ($244,390.50 total). Post-Transaction Holdings: 1,016,776 shares Notes: Executed pursuant to a Rule 10b5-1 trading plan adopted on June 12, 2026.
Comprehensive Analysis
Insider Transaction Overview
On September 11, 2026, Michael John Callahan, Chief Administrative Officer of Rivian Automotive, Inc. ($RIVN), executed an open-market sale of 15,000 shares of Class A Common Stock at a weighted average price of $16.2927 per share (price range: $16.175 – $16.52), generating total proceeds of approximately $244,390.50.
Transaction & Holdings Breakdown
- Shares Sold: 15,000
- Transaction Price: $16.2927 (weighted average)
- Total Value: $244,390.50
- Ownership Post-Transaction: 1,016,776 shares (Direct)
- Proportion Sold: Approximately 1.45% of pre-transaction holdings
Plan & Governance Context
- 10b5-1 Trading Plan: The transaction was conducted pursuant to a pre-arranged Rule 10b5-1 trading plan established on June 12, 2026.
- Significance Assessment: Low. The sale represents a minor fraction of the executive's total equity position and was executed under a pre-scheduled trading plan.
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Important Disclaimer
This content is drawn from public SEC filings and may contain errors. It is for informational purposes only and is not investment, legal, or tax advice.
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