Rivian Automotive (NASDAQ:RIVN) CFO Claire Mcdonough Sells 5,544 Shares
MarketBeat
Rivian Automotive, Inc. (NASDAQ:RIVN - Get Free Report) CFO Claire Mcdonough sold 5,544 shares of the stock in a transaction on Monday, May 18th. The shares were sold at an average price of $13.43, for a total value of $74,455.92. Following the sale, the chief financial officer directly owned 902,630 shares in the company, valued at $12,122,320.90. This trade represents a 0.61% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
NASDAQ:RIVN