secwatch.observer — SEC 8-K summary
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Issuer:     Rivian Automotive, Inc. / DE (RIVN)
CIK:        0001874178
Form:       8-K
Filed at:   2025-11-07T23:59:59+00:00
Accession:  0001874178-25-000056
Event type: leadership
Sentiment:  neutral
Materiality: 0.75
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1874178/000187417825000056/0001874178-25-000056-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1874178/000187417825000056/rivn-20251106.htm
  HTML page:      https://secwatch.observer/filing/0001874178-25-000056

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