Rivian founder and CEO RJ Scaringe has transferred a portion of his possession stake and voting energy as a part of a newly settled divorce continuing, in keeping with a regulatory submitting.
Scaringe moved about 4 million in shares and 6 million in choices to his ex-wife, Meagan Scaringe, on July 9 as a part of the settlement, the submitting reveals. At Rivian’s present inventory value, these shares and choices could possibly be price roughly $130 million, although they’ve various strike costs that might have an effect on the entire return if bought. The change in inventory possession comes on the finish of a two-year-long divorce continuing, courtroom paperwork present.
Scaringe owned greater than 15 million shares of Class A inventory and almost 8 million Class B shares when the corporate submitted its annual proxy report April 29. On account of the switch, Scaringe’s voting energy has slipped from 7.6% earlier this 12 months to round 4%, the bottom since Rivian’s 2021 IPO.
The shift in inventory possession doesn’t have an effect on Rivian’s enterprise or operations, in keeping with the corporate.
In an official assertion emailed to TechCrunch, a spokesperson stated “RJ and Meagan finalized their divorce. They may proceed to prioritize co-parenting their youngsters.”
The settlement comes at a pivotal time for Rivian. Rivian has redesigned its R1S SUV and R1T truck in a bid to decrease manufacturing prices, whereas bettering efficiency of its flagship autos. Nevertheless, the corporate is banking on the subsequent addition to its lineup — the extremely anticipated R2 SUV that has a $45,000 base value — to develop gross sales. That automobile received’t go on sale till the primary half of 2026.
The possession construction of Rivian has shifted since its IPO in 2021. At the moment, Amazon and Ford have been among the many largest stakeholders. Right this moment, Ford is basically out and Volkswagen Group has emerged as a significant participant.
In late 2024, Rivian entered right into a three way partnership valued at $5.8 billion with Volkswagen targeted on software program and electrical structure. Rivian has offered know-how and staff to the three way partnership, whereas Volkswagen has largely contributed cash within the type of share purchases and convertible debt.
In consequence, the German automotive big now owns 12.3% of Rivian, in keeping with a latest submitting. That places it barely behind Amazon, which owned 14.2% of Rivian as of the April 2025 proxy submitting. That’s sufficient to provide Amazon probably the most voting energy of any single shareholder: 13.3%. (Ford and T. Rowe Value additionally was once main shareholders after the IPO, however have since bought down their stakes.)
Scaringe’s possession stake in Rivian was 2% previous to the divorce settlement, in keeping with the proxy submitting. However he had a 7.6% share of the voting energy, thanks partly to the Class B inventory, which comes with 10 votes per share. (Rivian’s Class A inventory solely comes with 1 vote per share.) The switch of shares and choices within the settlement cuts his voting energy to round 4%.
Not like many high-profile tech founders, Scaringe by no means had an incredible quantity of voting energy post-IPO. Probably the most he wielded was 9.2% in 2022. That determine remained unchanged in 2023, fell to eight.7% in 2024, and once more to 7.6% in 2025 following the Volkswagen funding.
The Class B inventory included within the settlement was robotically transformed into Class A inventory, that means Scaringe’s ex-wife won’t doubtless have a lot voting energy relative to different shareholders if she maintains the holding. A lawyer representing her didn’t reply to a request for remark despatched over the weekend.
The CEO and founder nonetheless controls a mixture of round 50 million shares, choices, and Restricted Inventory Models, or RSUs. As these absolutely vest, his possession stake and voting energy might return up.
Scaringe based Rivian in 2009, and he was married in 2014. He took Rivian public in 2021.
Data obtained from Orange County Superior Court docket present that he filed for divorce in October 2023, along with his ex-wife agreeing to separate in one other submitting one month later.
