Rivian founder and CEO RJ Scaringe has transferred part of his ownership and voting authority as part of a newly switched separation procedure, according to regulations submit.
On July 9, Stringinge moved around 4 million shares and 6 million options to his ex-wife, Meagan Scaringe, as part of the settlement, according to the submission. At the current share price of Rivian, those shares and options can be worth around $ 130 million, although they have different exercise prices that would influence the total return if they are sold. The change in stock ownership comes at the end of a two -year divorce procedure, according to judicial documents.
Scaringe had more than 15 million shares of class A shares and nearly 8 million class B shares when the company submitted its annual Proxy report April 29. As a result of the transfer, the voting power of Scaringe ran earlier this year from 7.6% to around 4%, the lowest since Rivian’s 2021 IPO.
According to the company, the shift in share ownership has no impact on the activities or activities of Rivianus.
In an official statement e-mailed to Techcrunch, a spokesperson said: “RJ and Meagan have completed their divorce. They will continue to prioritize co-parenting Their children. “
The settlement comes in a crucial time for Rivianus. Rivian has redesigned his R1S SUV and R1T truck in an attempt to lower production costs, while the performance of his flagship vehicles is improved. However, the company is a banking on the next addition to its line -up – the long -awaited R2 SUV that has a basic price of $ 45,000 – to grow sales. That vehicle is only for sale in the first half of 2026.
Rivian’s ownership structure has shifted since the IPO in 2021. At that time, Amazon and Ford were among the greatest stakeholders. Nowadays Ford is essentially out and Volkswagen Group has emerged as an important player.
At the end of 2024, Rivian went a joint venture worth $ 5.8 billion with Volkswagen focused on software and electrical architecture. Rivian has provided technology and employees to the joint venture, while Volkswagen has largely contributed money in the form of stock purchases and convertible debts.
As a result, the German autog giant now has 12.3% of Rivian, According to a recent application. That places it somewhat behind Amazon, which owned 14.2% of Rivian from the proxy application of April 2025. That is enough to give Amazon the most voices of a single shareholder: 13.3%. (Ford and T. Rowe Price were also large shareholders after the IPO, but have since sold their efforts.)
The ownership interest of Scaringe in Rivian was 2% prior to the divorce scheme, according to the Proxy application. But he had a share of 7.6% in the voting authority, thanks in part to the class B shares, which has 10 votes per share. (Rivian’s class A shares only comes with 1 vote per share.) The transfer of shares and options in the settlement reduces its voting authority to around 4%.
Unlike many controversial tech founders, Scaringe has never had an enormous amount of votes after IPO. Most he used was 9.2% in 2022. That figure remained unchanged in 2023, fell to 8.7% in 2024 and again to 7.6% in 2025 after the investment of Volkswagen.
The stock of class B in the settlement was automatically converted into class A shares, which means that the ex-wife of Scaringe will probably not have many votes compared to other shareholders if she maintains the company. A lawyer who represents her did not respond to a request for comments sent during the weekend.
The CEO and founder still controls a mix of approximately 50 million shares, options and limited stock units or RSUs. While those who are fully established can return his ownership and voices.
Scaringe founded Rivian in 2009 and was married in 2014. He took Rivian Public in 2021.
Records obtained from Orange County Superior Court show that he applied for a divorce in October 2023, in which his ex-wife agrees to separate in another request a month later.
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