NEW YORK, December 30, 2025, 19:28 ET — After-hours
- Rivian shares closed down about 5.2% at $19.60 and were little changed after the bell. 1
- An SEC filing showed CEO R.J. Scaringe sold 17,450 shares on Dec. 23 under a pre-arranged Rule 10b5-1 plan. 2
- Investors also parsed Federal Reserve minutes that highlighted sharp divisions over the December rate cut. 3
Rivian Automotive, Inc. shares fell on Tuesday after a regulatory filing disclosed Chief Executive R.J. Scaringe sold stock under a pre-arranged trading plan. The shares closed down about 5.2% at $19.60 and were little changed in after-hours trading. 1
The timing matters. With U.S. markets in holiday-thin mode and just one session left in 2025, modest headlines can move high-beta stocks more sharply than usual. 4
Rivian also traded against a macro backdrop that has kept pressure on rate-sensitive growth names. Federal Reserve minutes released Tuesday underscored divisions around the December decision to cut rates, complicating expectations for how quickly borrowing costs might fall in 2026. 3
In a Form 4 filed with the U.S. Securities and Exchange Commission, Scaringe reported selling 17,450 shares on Dec. 23 at a weighted-average price of $21.4253. The filing said the shares were sold at prices ranging from $21.21 to $21.69. 2
Scaringe reported owning 1,150,109 Rivian shares directly after the transaction, plus additional holdings through a trust and an LLC, the filing showed. 2
The filing said the sale was executed under a Rule 10b5-1 plan — a preset arrangement that lets insiders buy or sell shares on a schedule, designed to reduce the appearance of trading on nonpublic information. 2
Rivian opened at $20.68 and fell as low as $19.28 during the regular session, with about 38 million shares changing hands, according to price data. The stock finished Monday at $20.67. 1
Electric-vehicle peers were also lower, though less sharply. Tesla was down about 1.2%, while Lucid slid roughly 1.8%; Ford dipped about 0.3%.
Wall Street’s main indexes ended slightly lower in choppy trade, Reuters reported. “It’s just a healthy rebalancing of allocations more so than an emotionally driven sell-off,” said Mark Hackett, chief market strategist at Nationwide. 4
Fed minutes from the Dec. 9–10 meeting showed officials were split over the quarter-point cut that brought the benchmark rate to a 3.5%–3.75% range, Reuters reported. New projections signaled only one cut expected in 2026, and the Fed next meets Jan. 27–28. 3
For Rivian, the next demand read is its quarterly production and deliveries update; last year the company released its fourth-quarter production and delivery figures in early January. Investors also watch the sector for signals on pricing and incentives as tighter financing conditions and rate expectations ripple through EV demand. 5
Attention then shifts to earnings. Earnings calendars currently estimate Rivian’s next report around Feb. 19, though the company has not confirmed a date; traders typically focus on gross margin progress, cash burn and any update on spending needed to scale future vehicle programs. 6
