BlackRock Discloses Passive Stake in Rivian Automotive

Ticker: RIVN · Form: SC 13G · Filed: 2024-01-31T00:00:00.000Z

Sentiment: neutral

Topics: institutional-ownership, passive-investment, SC-13G

TL;DR

**BlackRock owns Rivian stock, a bullish sign for long-term holders.**

AI Summary

BlackRock Inc., a major investment firm, filed an SC 13G on January 31, 2024, disclosing its ownership of Rivian Automotive, Inc. / DE common stock as of December 31, 2023. This filing indicates that BlackRock holds a significant, but passive, stake in Rivian, meaning they are not trying to influence management. For investors, this shows that a large institutional player has confidence in Rivian, which can be a positive signal for the stock's stability and future prospects.

Why It Matters

This filing signals that a major institutional investor, BlackRock, sees value in Rivian, potentially boosting investor confidence and providing a floor for the stock price.

Risk Assessment

Risk Level: low — This filing is a routine disclosure of a passive investment by a large institution, posing minimal direct risk to investors.

Analyst Insight

Investors should view this as a routine disclosure of institutional ownership, confirming BlackRock's passive stake in Rivian. While not a direct buy signal, it suggests institutional confidence, which can be a positive long-term indicator for Rivian's stock stability.

Key Players & Entities

BlackRock Inc. (company) — the reporting person and institutional investor
Rivian Automotive, Inc. / DE (company) — the subject company whose stock is being reported
December 31, 2023 (date) — the date of the event requiring the filing
January 31, 2024 (date) — the filing date of the SC 13G

FAQ

What type of filing is this and what does it generally indicate?

This is an SC 13G filing, which is used by passive institutional investors to report ownership of 5% or more of a company's stock. It indicates that the investor, BlackRock Inc., holds a significant stake in Rivian Automotive, Inc. / DE but does not intend to influence or control the company's management.

Who is the reporting person in this filing?

The reporting person is BlackRock Inc., a major asset management firm with a business address at 50 Hudson Yards, New York, NY 10001.

Which company's securities are being reported in this filing?

The securities being reported are the Common Stock of Rivian Automotive, Inc. / DE, which has a CUSIP Number of 76954A103.

What was the 'Date of Event Which Requires Filing of this Statement'?

The 'Date of Event Which Requires Filing of this Statement' was December 31, 2023, as stated in the filing.

Under which rule was this Schedule 13G filed?

This Schedule 13G was filed under Rule 13d-1(b), as indicated by the '[X] Rule 13d-1(b)' checkbox in the filing.

From the Filing

0001086364-24-006023.txt : 20240131 0001086364-24-006023.hdr.sgml : 20240131 20240131140826 ACCESSION NUMBER: 0001086364-24-006023 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240131 DATE AS OF CHANGE: 20240131 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Rivian Automotive, Inc. / DE CENTRAL INDEX KEY: 0001874178 STANDARD INDUSTRIAL CLASSIFICATION: MOTOR VEHICLES & PASSENGER CAR BODIES [3711] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-93085 FILM NUMBER: 24582137 BUSINESS ADDRESS: STREET 1: 14600 MYFORD ROAD CITY: IRVINE STATE: CA ZIP: 92618 BUSINESS PHONE: (888) 748-4261 MAIL ADDRESS: STREET 1: 14600 MYFORD ROAD CITY: IRVINE STATE: CA ZIP: 92618 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc. CENTRAL INDEX KEY: 0001364742 STANDARD INDUSTRIAL CLASSIFICATION: SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211] ORGANIZATION NAME: 02 Finance IRS NUMBER: 320174431 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 BUSINESS PHONE: 212-810-5300 MAIL ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 FORMER COMPANY: FORMER CONFORMED NAME: BlackRock, Inc. DATE OF NAME CHANGE: 20060929 FORMER COMPANY: FORMER CONFORMED NAME: New BlackRock, Inc. DATE OF NAME CHANGE: 20060601 SC 13G 1 us76954a1034_013124.txt us76954a1034_013124.txt SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: ) Rivian Automotive, Inc. / DE -------------------------------------------------------- (Name of Issuer) Common Stock -------------------------------------------------------- (Title of Class of Securities) 76954A103 -------------------------------------------------------- (CUSIP Number) December 31, 2023 -------------------------------------------------------- (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 76954A103 (1)Names of reporting persons. BlackRock, Inc. (2) Check the appropriate box if a member of a group (a) [ ] (b) [X] (3) SEC use only (4) Citizenship or place of organization Delaware Number of shares beneficially owned by each reporting person with: (5) Sole voting power 45323165 (6) Shared voting power 0 (7) Sole dispositive power 49138804 (8) Shared dispositive power 0 (9) Aggregate amount beneficially owned by each reporting person 49138804 (10) Check if the aggregate amount in Row (9) excludes certain shares (11) Percent of class represented by amount in Row 9 5.2% (12) Type of reporting person HC Item 1. Item 1(a) Name of issuer: ----------------------------------------------------------------------- Rivian Automotive, Inc. / DE Item 1(b) Address of issuer's principal executive offices: ----------------------------------------------------------------------- 14600 MYFORD ROAD IRVINE CA 92618 Item 2. 2(a) Name of person filing: ---------------------------------------------------------------------- BlackRock, Inc. 2(b) Address or principal business office or, if none, residence: ------------------------