Home / Business and Economy / Rivian Director Sells $400K in Stock
Rivian Director Sells $400K in Stock
10 Jul
Summary
- Director Karen Boone sold 20,000 Rivian shares on July 6.
- The sale, valued at $400,000, was part of a trading plan.
- Boone retains approximately 226,000 shares post-transaction.
On July 6, 2026, Rivian Automotive director Karen Boone executed a sale of 20,000 shares of Class A Common Stock. This transaction, valued at approximately $400,000 based on the weighted average sale price, represented a 15% reduction in her indirect equity exposure. Boone's total interest saw an 8% decrease following the sale. She maintains a substantial holding of approximately 226,000 shares, comprising directly held shares and those managed through The Boone Family Trust. This sale was conducted in accordance with a pre-established Rule 10b5-1 trading plan, adopted on November 24, 2025, ensuring a structured approach to liquidity management. Coincidentally, the sale date also marked the commencement of a new 45-day lock-up agreement with Goldman Sachs & Co. LLC, with the transaction falling under an exception for existing trading plans. Rivian Automotive, headquartered in Irvine, focuses on designing and manufacturing electric vehicles, including consumer trucks and SUVs, and offers a commercial van platform in collaboration with Amazon.com. As of July 7, 2026, the company reported a market capitalization of $20.9 billion, with $5.5 billion in trailing-12-month revenue and a net loss of $3.5 billion.
