RIVIA founder and general manager RJ Scaringe delivered part of his ownership and voting power as part of a newly arranged divorce, according to regulatory Setting.
Timing moved about 4 million in shares and 6 million in options to his former wife, Meagan Scaringe, on July 9 as part of the settlement, the registration shows. At Rivian’s current share price, these shares and options could be worth around $ 130 million, although they have various strike prices that would affect the entire return if sold. The change in stock ownership comes at the end of a two -year divorce, judicial documents show.
Scaringe owned more than 15 million shares of class A and nearly 8 million shares of class B when the company presented its annual Proxy Report on April 29. As a result of the transfer, Scaringe’s voting power slipped from 7.6% earlier this year to about 4%, the lowest since Rivian’s 2021 IPO.
The change in stock ownership has no impact on Rivian’s business or operations, according to the company.
In an official statement emailed to Techcrunch, a spokesman said “RJ and Meagan ended their divorce. They will continue to prioritize co -marriage their children. ”
The settlement comes in a pivotal time for Rivian. Rivian rediscovered his R1S SUV and R1T truck in bid to lower manufacturing costs, at the same time improving performance of its flagship vehicles. However, the company is banking for the following addition to its lineup – the highly anticipated R2 SUV, which is a basic price of $ 45,000 – to to grow sales. This vehicle will not sell until the first half of 2026.
Rivian’s possessive structure has changed since its IPO in 2021. At that time Amazon and Ford were among the greatest stakeholders. Today, Ford is basically out And Volkswagen Group appeared as a lead player.
At the end of 2024, Rivian entered into joint venture estimated at $ 5.8 billion with Volkswagen focused on software and electrical architecture. Rivian provided technology and employees to the joint venture, while Volkswagen has largely contributed money in the form of stock purchases and convertible debt.
As a result, the German car giant now owns 12.3% of Rivian, According to recent registration. That puts it slightly behind Amazon, which owned 14.2% of Rivian from the April 2025 proxy registration. That is enough to give Amazon the most voting power of any shareholder: 13.3%. (Ford and T. Rowe Price also used to be main shareholders after the IPO, but has since sold their stakes.)
Scaringe’s ownership in Rivian was 2% prior to the divorce, according to the proxy archiving. But he had 7.6% part of the voting power, thanks partly to the stock of Class B, which comes with 10 votes per share. (Rivian’s A stock A only comes with 1 vote per share.) The transfer of shares and options in the compromise reduces its voting power to about 4%.
Unlike many high-profile technological founders, scary never had a terrible amount of polling power. Most of him were 9.2% in 2022. This figure remained unchanged in 2023, dropped to 8.7% in 2024, and again to 7.6% in 2025 after the Volkswagen investment.
Class B’s share included in the settlement has been automatically converted to a class A stock, meaning that Crese’s former wife will not likely have a lot of voting power in relation to other shareholders if she retains the hold. A lawyer representing her did not respond to a request for a comment sent over the weekend.
The Director General and Founder still controls a mix of about 50 million shares, options, and restrictive stock units, or RSUs. Like those fully dressed, his possession and voting power could go back up.
Scaringe founded Rivian in 2009, and he married in 2014. He took Rivian public in 2021.
Records obtained from Orange County Supreme Court show that he filed for divorce in October 2023, with his former wife agreeing to separate in another archiving a month later.
