Summary of transactions
Rivian Automotive Inc. reported that Chief Executive Officer Robert J. Scaringe sold 34,900 shares of Class A Common Stock on February 18, 2026, generating approximately $586,236. The trades were executed at prices between $16.49 and $17.07, which the company noted were close to the then-current trading price of $16.17. According to InvestingPro data cited by the company, the stock has been volatile recently, returning 9.62% over the past week and rising 30.38% over the last six months.
Execution details and prior disposition
The February 18 sale was carried out automatically under a previously disclosed Rule 10b5-1 trading plan. Earlier in the month, on February 15, 2026, Scaringe also disposed of 35,578 shares of Class A Common Stock; the company withheld shares from that transaction to cover tax obligations. That disposition was valued at $630,797, based on a price of $17.73.
Post-transaction ownership
After these sales, Scaringe is reported to directly hold 1,044,731 shares of Rivian Class A Common Stock. He also has indirect holdings of 2,297 shares through an LLC and 2,632,766 shares through a trust. The company provided these ownership figures alongside the disclosure of the trades.
Balance sheet and valuation snapshot
InvestingPro analysis cited by the company shows Rivian carrying more cash than debt, with liquid assets exceeding short-term obligations. The firm is valued at $20.44 billion in that assessment and is characterized as slightly undervalued based on InvestingPro’s Fair Value metric. The referenced Pro Research Report is noted to contain 13 additional ProTips and detailed financial metrics for subscribers.
Recent operating performance and analyst response
Rivian’s fourth-quarter results were highlighted as strong in the company’s announcement, with a GAAP gross margin of 9% that materially exceeded the consensus estimate of 2%. The quarter also produced beats on both revenue and bottom-line results, as noted by Cantor Fitzgerald. Following the results, Cantor Fitzgerald raised its price target on Rivian to $18 while maintaining a Neutral rating.
Other brokerages reacted similarly. Stifel lifted its price target to $20, pointing to a strong outlook and citing progress on margin improvement and favorable pre-production reviews of the R2 vehicle. TD Cowen increased its price target to $17 and described the company’s recent announcements as encouraging.
Policy development noted
The company’s report also referenced a policy change at the federal level: the Trump administration rescinded an Energy Department rule that had offered incentives to automakers to produce electric vehicles. The company’s disclosure does not quantify the effect of that policy change, but it is mentioned as a recent development in the broader industry environment.
Context and takeaway
The disclosed sales by Rivian’s CEO were executed under an automated trading plan and included a separate, tax-related disposition a few days earlier. At the same time, public filings and InvestingPro analysis point to an improving operational picture for Rivian, from stronger-than-expected margins to positive analyst adjustments to price targets. The reporting presents the transactions and the company’s financial posture without attributing motives or projecting future share-price direction.