Aidan N. Gomez, a director at Rivian Automotive (NASDAQ:RIVN), purchased shares of the company's Class A Common Stock totaling $251,460 on May 15, 2026, according to a recent SEC filing.
Mr. Gomez acquired 18,000 shares at $13.97 per share. Following this transaction, his direct ownership stands at 57,984 shares. The purchase comes as Rivian trades at $12.89, down 34.5% year-to-date.
On the same date, Mr. Gomez also had 3,752 shares disposed of to satisfy tax withholding obligations. These shares were withheld in connection with the vesting of 6,961 Restricted Stock Units at $14.52 per share. After all transactions, Mr. Gomez directly owns 54,232 shares.
In other news, Rivian reported first-quarter 2026 earnings, beating expectations with a narrower loss of $0.33 per share versus the forecasted loss of $0.63. Revenue exceeded projections at $1.38 billion. Despite positive results, the stock declined due to investor concerns.
DA Davidson raised its price target for Rivian from $14 to $15, maintaining a Neutral rating, citing progress with the R2 vehicle now in production. Separately, Mind Robotics, a startup founded by Rivian CEO RJ Scaringe, secured $400 million in funding led by Kleiner Perkins.
