CEO Robert J Scaringe sells 34,818 RIVN shares at $15.00 via pre-arranged 10b5-1 plan; stock at $16.30, CEO retains 922,286 shares
Robert J Scaringe sold 34,818 shares (34.8K shares) at $15.00 on 2026-05-28 under a pre-arranged 10b5-1 trading plan adopted on 2025-03-14, meaning this transaction was scheduled rather than discretionary. The sale reduced his holdings by 3.6% to 922,286 shares (922.3K shares) post-transaction. Rivian trades at $16.30 currently, 28.2% below its 52-week high of $22.69, with the company unprofitable over its most recent full fiscal year despite $1.4B quarterly revenue. His prior five trades at RIVN show a mixed pattern: four of the five prior sales posted negative 30-day and 90-day returns, with the most recent sale on 2026-02-18 followed by 30-day -11.2% and 90-day -23.2% declines, though the 2025-04-07 sale marked an exception with 90-day +16.2% gains. Given the pre-arranged nature of this transaction, no timing inference is warranted; however, the broader context of negative equity near a 52-week low and the company's unprofitability warrants tracking stock performance in the 30 and 90 days ahead.