• Rivian Automotive issued 19,553,911 shares of Class A common stock to SMB Holding in a private placement tied to a March 18, 2026 subscription agreement.
• Transaction closed May 4, 2026 on receipt of USD 300 million, implying a purchase price of USD 15.34 per share.
• Share count was set using USD 300 million divided by a 30-trading-day volume-weighted average price ending March 17, 2026, following achievement of Milestone #1 in April 2026.
• Shares were sold as an unregistered offering under Section 4(a)(2) of Securities Act of 1933.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Rivian Automotive Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001874178-26-000039), on May 04, 2026, and is solely responsible for the information contained therein.