Rivian CEO Scaringe sells $263k in stock

Published 28/11/2025, 22:24
© Reuters

Rivian Automotive (NASDAQ:RIVN) Chief Executive Officer Robert J. Scaringe sold 17,450 shares of Class A Common Stock on November 25, 2025, for approximately $263,728. The sales occurred at prices ranging from $14.90 to $15.33. Since then, Rivian’s stock has shown significant momentum, currently trading at $16.86 with a 13.46% gain over the past week. According to InvestingPro analysis, the stock appears to be trading above its Fair Value, with a market capitalization of approximately $19.8 billion.

The transaction was executed automatically under a pre-arranged Rule 10b5-1 trading plan adopted on March 14, 2025, and amended on June 11, 2025. Following the sale, Scaringe directly owns 1,185,009 shares of Rivian Class A Common Stock. He also indirectly owns 2,297 shares through an LLC and 2,632,766 shares through a trust.InvestingPro data reveals that Rivian holds more cash than debt on its balance sheet and has experienced a strong 26.77% return year-to-date. Discover more insights in the comprehensive Pro Research Report, available for Rivian and 1,400+ other US equities, transforming complex data into actionable intelligence for smarter investment decisions.

In other recent news, Rivian Automotive Inc reported strong third-quarter 2025 results, which led Stifel to raise its price target for the company from $16.00 to $17.00 while maintaining a Buy rating. The positive assessment was attributed to robust software and service revenue, profitability, and a reduction in the cost of goods sold per unit by approximately $2,200. Tigress Financial Partners also increased their price target for Rivian to $25, citing advancements in AI and autonomy, strategic partnerships, new model launches, and enhanced production capabilities as key drivers for their optimistic outlook. Meanwhile, RBC Capital maintained a Sector Perform rating with a $14.00 price target, noting liquidity concerns despite Rivian’s $7.1 billion in cash and short-term investments and an anticipated $2.5 billion from a joint venture with Volkswagen. This funding includes $1 billion contingent on technological milestones, such as winter-testing of prototypes. Additionally, Rivian’s CEO was awarded a $4.6 billion pay package, contingent upon achieving ambitious benchmarks over the next decade. These developments underscore the dynamic landscape Rivian navigates as it continues to expand and innovate in the electric vehicle market.

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