Rivian Insider Sells Shares Amid CFO Transition
Michael John Callahan, Chief Administrative Officer of Rivian Automotive (NASDAQ: RIVN), sold 15,000 shares on September 11, 2026 for approximately $244,000. The transaction was non-discretionary and executed under a Rule 10b5-1 trading plan established in June 2026. Callahan still holds around one million directly owned shares of Rivian's Class A Common Stock after the sale. The insider activity occurred amid leadership changes at Rivian, as CFO Claire McDonough is set to step down on October 30. Despite this transition, the timing and nature of Callahan’s stock disposal were predetermined by his trading plan, which was put in place before news about McDonough's departure became public. Rivian reported $5.9 billion in trailing twelve-month revenue but a net loss of $3.2 billion as of September 11, 2026. The company’s stock closed at $15.54 on September 15 and has returned approximately 15% over the past year.
Tickers: $RIVN