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If I recall correctly, Rivian is on a quarterly RSU vesting schedule. So each quarter when RSUs are vested, a portion is automatically sold off to cover taxes. This is all an automated process.

Say he was granted 800,000 shares annual in RSU which is worth roughly $10 million (much less than GM and Ford CEOs pulling in. I recall Mary B is around $30 million annual total compensation). A quarter of that would be 200,000 shares. 83,333 is just over 40%, so that would cover his taxes on...

Looks like a basic sell to cover taxes for quarterly RSU grant to me. Rivian is distributing RSUs on a quarterly schedule. They will sell a portion of those RSUs to cover the taxes. At RJs bracket, that's at least 35% of his awarded RSUs being sold.

I don't think that's particularly a bad thing.... The quality coming out of the plant is still not good enough based on all the issues reported by people picking up new vehicles and rightfully asking the service centers to fix things before taking delivery.

I am curious how the 3rd quarter numbers will look considering Rivian laid off ~11% of it's workforce split between Q1 and Q2. Rivian paid out 2 months plus and annual bonuses. So I don't think it will be until 3rd quarter that there are no longer payments going to the laid-off employees. That's...