Jeff Baker - Feb 15, 2023 Form 4 Insider Report for Rivian Automotive, Inc. / DE (RIVN)

Role: Chief Accounting Officer
Signature: /s/ Claire McDonough, Attorney-in-Fact
Stock symbol: RIVN
Transactions as of: Feb 15, 2023
Transactions value $: -$44,254
Form type: 4
Date filed: 2/17/2023, 06:00 PM
Previous filing: Nov 17, 2022
Next filing: Mar 8, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	RIVN	Class A Common Stock	Sale	-$44.3K	-2.33K	-2.61%	$18.98	87K	Feb 15, 2023	Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
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 $18.98 to $19.55, 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.

Content

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.

The price reported is a weighted average sale price. The shares were sold in multiple transactions at prices ranging from $18.98 to $19.55, 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.