SEC Form 4 states that Robert Scaringe was the CEO of Rivian Automobile Inc (NASDAQ:), purchased 41,000 shares of the company’s Class A common stock at an average price of $25.7772. It purchased approximately 1.05 million shares.

Scaringe now owns 169.175 shares direct, 4.3337.997 via a trust, and 4,595 through an LLC.

Rivian’s shares have fallen 76% since then, due to corrections in multiple stocks and supply chain issues.

By Davit Kirakosyan