---
schema_version: "secwatch.filing_event.v1"
accession: "0001874178-25-000056"
form_type: "8-K"
ticker: "RIVN"
cik: "0001874178"
company_name: "Rivian Automotive, Inc. / DE"
filed_at: "2025-11-07T23:59:59+00:00"
generated_at: "2026-05-16T23:09:17.899890+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Rivian cancels 20.4M share CEO option; grants new 36.5M share option with stock price and operating income hurdles

## Summary
- Cancelled 2021 CEO Performance Award (20,355,946 shares) and granted 2025 CEO Award for up to 36,500,000 shares at $15.22 exercise price.
- Stock price hurdles: 22M shares earned in 11 tranches at $40-$140 (163%-820% premium over exercise price).
- Financial targets: up to 14.5M shares based on adjusted operating income and cash flow from operations targets through 2032.
- Base salary doubled from $1M to $2M; award vests over 5-7 years with CEO service requirement.
- Also issued 1M common units in subsidiary Mind Robotics to Scaringe, up to 10% economic interest.

## SEC filing metadata
- accession: 0001874178-25-000056
- form_type: 8-K
- ticker: RIVN
- cik: 0001874178
- company_name: Rivian Automotive, Inc. / DE
- filed_at: 2025-11-07T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1874178/000187417825000056/0001874178-25-000056-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1874178/000187417825000056/rivn-20251106.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001874178-25-000056
- JSON: https://secwatch.observer/filing/0001874178-25-000056.json
- Plain text: https://secwatch.observer/filing/0001874178-25-000056.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.