Hmm... Wonder if its a sign of confidence in company or just a tactic to temporarily stop further dropping in share price [Smug] 

Rivian Automotive CEO Purchases $1 Million Worth of Stock

According to SEC Form 4, on May 16, Robert Scaringe, the CEO of $Rivian Automotive, Inc.$ , purchased 41,000 shares of the company’s Class A common stock at an average price of $25.7772. The total amount of purchased shares is approximately $1.05 million.Following the purchase, Scaringe owns 169,175 shares directly, 4,337,997 through a trust and 4,595 by LLC.Shares of Rivian are down 76% year-to-date given the correction in high-multiple stocks and supply chain issues faced by the EV maker.
Rivian Automotive CEO Purchases $1 Million Worth of Stock

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  • Leroy Lim
    ·2022-05-17
    exactly... and 1 million isn't that much to someone like that  hopefully it's not a stunt
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