On January 20, 2026, Robert J. Scaringe, the Chief Executive Officer of Rivian Automotive (NASDAQ: RIVN), completed the sale of 17,450 shares of the company's Class A Common Stock. The transaction brought in roughly $279,761 based on weighted average prices ranging from $15.87 to $16.25 per share, figures that are near the prevailing market price, which stood at $16.31 at the time. Market data indicate that the stock has experienced elevated volatility exemplified by a beta value of 1.78, suggesting sensitivity to overall market movements.
This share sale was formally disclosed in a Form 4 filing submitted to the Securities and Exchange Commission. Following the sale, Scaringe retains direct ownership of 1,115,209 Rivian shares. The company itself maintains a market capitalization valued at approximately $20.19 billion and notably holds more liquidity than debt, reflecting a solid balance sheet position.
Importantly, the sale was executed automatically pursuant to a Rule 10b5-1 trading plan initially adopted by Scaringe on March 14, 2025, and later amended on June 11, 2025. The transaction filing was signed off by Jamie Chung, designated Attorney-in-Fact, two days after the trade on January 22, 2026. Investors should be aware that Rivian’s forthcoming earnings report is scheduled for release on February 12, 2026. Comprehensive insights into Rivian’s financials and strategic posture are available through InvestingPro’s detailed Research Report.
Beyond insider trading activity, Rivian is currently addressing operational issues including a recall involving more than 19,000 R1S and R1T electric vehicles across the United States. This recall, driven by an incorrectly assembled rear toe link, has prompted the company to offer replacement of the rear toe-link bolts at no cost to affected owners, as mandated by a notice from the U.S. National Highway Traffic Safety Administration.
Significant changes have also occurred in the company’s leadership team. Former General Motors executive Azam Akhtar has been appointed as Rivian’s Chief Financial Officer, with an effective start date of March 1. Additionally, Greg Revelle has joined as Chief Customer Officer with responsibility for guiding the company's go-to-market strategy, marking a focus on strengthening commercial execution.
Amid these developments, equity analysts have expressed caution. UBS recently downgraded Rivian’s rating from Neutral to Sell, citing high expectations despite a recent uplift in share price following the company’s Autonomy and AI Day. Wolfe Research similarly adjusted their rating to Underperform, highlighting concerns related to the company's cash consumption and an unfavorable risk/reward profile. These analyst views underscore mixed market sentiment surrounding Rivian’s prospects at present.