Rivian founder RJ Scaringe snaps up $1M worth of EV maker’s stock

Rivian founder and CEO RJ Scaringe bought 41,000 shares of company stock worth about $1 million, a securities filing posted Monday afternoon shows.
Scaringe now holds 169,175 shares of direct stock worth $4,205,690, based on Monday’s closing price. He also holds 4.3 million of indirect shares via a trust and 4,595 indirect shares through an LLC.
The purchase comes as Rivian shares hit a new low Monday following news of a legal dispute with a seat supplier that puts its Amazon electric van program at risk and Ford’s disclosure that it has sold another 7 million of its holdings in th

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