4//SEC Filing
Behl Jiten 4
Accession 0001209191-22-030239
CIK 0001874178other
Filed
May 17, 8:00 PM ET
Accepted
May 18, 7:03 PM ET
Size
7.8 KB
Accession
0001209191-22-030239
Insider Transaction Report
Form 4
Behl Jiten
Chief Growth Officer
Transactions
- Sale
Class A Common Stock
2022-05-17$25.83/sh−1,608$41,535→ 25,900 total - Sale
Class A Common Stock
2022-05-16$25.56/sh−892$22,801→ 27,508 total
Footnotes (4)
- [F1]The sale reported in this transaction represents the number of shares required to be sold by the Reporting Person to cover tax withholding obligations in connection with the vesting of Restricted Stock Units ("RSUs"). This sale is mandated by the Issuer's election under its equity incentive plans to require the satisfaction of tax withholding obligations in connection with the vesting of RSUs to be funded by a "sell to cover" transaction, and does not represent a discretionary trade by the Reporting Person.
- [F2]The price reported is a weighted average sale price. The shares were sold in multiple transactions at prices ranging from $25.0238 to $25.5780, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
- [F3]Includes 17,500 RSUs subject to time-based vesting conditions in accordance with the underlying award. Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock and has no expiration date.
- [F4]The sale reported in this transaction was effected automatically pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 3, 2021, as amended on March 15, 2022.
Documents
Issuer
Rivian Automotive, Inc. / DE
CIK 0001874178
Entity typeother
Related Parties
1- filerCIK 0001891532
Filing Metadata
- Form type
- 4
- Filed
- May 17, 8:00 PM ET
- Accepted
- May 18, 7:03 PM ET
- Size
- 7.8 KB