Rivian chief administrative officer Callahan sells $244,390 stock

On September 11, 2026, Rivian Automotive's Chief Administrative Officer, Michael John Callahan, sold 15,000 shares of the company's Class A Common Stock, resulting in a total sale value of $244,390. The shares were sold at a weighted average price of $16.2927, with each transaction occurring at varying prices ranging from $16.175 to $16.52 per share.

Following this sale, Callahan directly owns 1,016,776 shares of Class A Common Stock. As of now, the stock is trading at $15.54, marking a 21% decrease in value over the year. Despite this decline, InvestingPro analysis suggests that Rivian remains undervalued at the current market price. The stock's high volatility is reflected in its beta of 1.62.

For a comprehensive analysis, including Rivian's valuation, see InvestingPro tips. Mr. Callahan executed this sale in compliance with a Rule 10b5-1 trading plan, which he adopted on June 12, 2026. In related news, Rivian reported a 27.2% year-over-year increase in its second-quarter revenue to $1.7 billion, marking the first positive gross profit of $179 million in the company's history, compared to a loss of $206 million in the same period last year.

Both Stifel and Baird maintained positive ratings for Rivian, with Stifel revising their rating to Buy and Baird maintaining an Outperform rating. Additionally, Rivian announced that CFO Claire McDonough will depart in late October 2026, relocating to the East Coast for family reasons. McDonough will continue in her role until the end of October to ensure a smooth transition. Analysts from Needham reiterated a Buy rating, focusing on demand for Rivian's R2 vehicle.