Key insights
- Rivian's CFO Claire McDonough sold $74,481 of RIVN stock under a pre-arranged 10b5-1 trading plan. The sale coincides with a YTD stock decline of 34.6%. Additionally, shares were withheld for tax obligations related to RSU vesting. Despite recent positive earnings, the CFO's stock sale and existing financial challenges could create slight negative sentiment.
Claire McDonough, Chief Financial Officer of Rivian Automotive, Inc. (NASDAQ:RIVN), sold 5,544 shares of the company’s Class A Common Stock for a total value of approximately $74,481.
The sale occurred on May 18, 2026, with shares transacting at a weighted average price of $13.4346. The individual sale prices ranged from $13.24 to $13.78. This transaction was executed under a Rule 10b5-1 trading plan, which was adopted by Ms. McDonough on September 2, 2025.The timing comes as Rivian’s stock has declined 34.6% year-to-date, trading at $12.89 with a market capitalization of $17.09 billion. Despite weak gross profit margins of just 1%, InvestingPro analysis suggests the stock is undervalued relative to its Fair Value, placing it among opportunities on the Most Undervalued list. For deeper insights, investors can access Rivian’s comprehensive Pro Research Report, available for 1,400+ US equities.
Additionally, on May 15, 2026, Ms. McDonough had 38,640 shares of Class A Common Stock withheld by Rivian to satisfy tax withholding obligations. This withholding was in connection with the vesting of 75,939 Restricted Stock Units (RSUs) on the same date. The shares withheld were valued at $14.52 per share, based on the closing price of Rivian’s Class A Common Stock on May 14, 2026, totaling approximately $561,052.
Following these transactions, Ms. McDonough directly holds 902,630 shares of Rivian Automotive, Inc. Class A Common Stock.
In other recent news, Rivian Automotive Inc. reported its first-quarter 2026 earnings, exceeding expectations with a narrower-than-anticipated loss of $0.33 per share, compared to the forecasted loss of $0.63. The company’s revenue also surpassed projections, reaching $1.38 billion against an expected $1.36 billion. Despite these positive earnings results, Rivian’s broader financial challenges and future guidance have drawn attention from investors. Meanwhile, DA Davidson raised its price target for Rivian to $15 from $14, maintaining a Neutral rating, citing progress with the company’s R2 vehicle, which has started producing salable units. In related developments, Mind Robotics, a startup founded by Rivian’s CEO RJ Scaringe, secured $400 million in a funding round led by Kleiner Perkins, with participation from Salesforce Ventures and Incharge Capital. Volkswagen Group, which has a significant investment in Rivian, is also involved in a joint venture with the electric vehicle maker to develop future vehicle technology. These recent developments highlight ongoing interest and investment in Rivian and its associated ventures.
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