Rivian Officer Files Form 144 Notice to Sell 15,000 Shares ($244K)
Rivian Automotive, Inc. / DE
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Filing Summary
Form 144 Notice: Rivian Automotive, Inc. ($RIVN) • Insider: MICHAEL J CALLAHAN (Officer) • Proposed Sale: 15,000 shares ($244,390.50 est. value) • Approx. Sale Date: September 11, 2026 • Trading Plan: Rule 10b5-1 adopted on June 12, 2026 • Broker: Morgan Stanley Smith Barney LLC
Comprehensive Analysis
Overview
On September 11, 2026, Michael J Callahan, an Officer at Rivian Automotive, Inc. ($RIVN), filed a Form 144 notice with the SEC proposing the sale of 15,000 common shares with an estimated aggregate market value of $244,390.50 (approx. $16.29 per share).
Key Highlights
- Nature of Shares: The shares to be sold were originally acquired on August 15, 2023, as restricted stock directly from the issuer.
- Rule 10b5-1 Trading Plan: The transaction is executed pursuant to a pre-arranged Rule 10b5-1 trading plan adopted on June 12, 2026.
- Market Impact: The proposed sale represents a tiny fraction of the company's 1.44+ billion outstanding shares, indicating minimal market impact and routine portfolio management under a pre-established plan.
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