Rivian Founder and CEO RJ Scaring moved to a part of his ownership stake and voting power as part of a newly finished divorce, according to a regulation File.
The scaringe moved about 4 million in parts and 6 million in his ex-wife’s choices, Meagan Scaring, on July 9 as part of the settlement. At the current Rivian stock price, parts and options can be worth $ 130 million, even if there are different strike prices that affect the full return when sale. Stock ownership change comes at the end of a two-year divorced ongoing, shown in court documents.
Scaringe owned by more than 15 million classes is a stock and almost 8 million kinds of parts of the year submitted to the company annual Proxy Report April 29. As a result of transit, Scaring’s voting is reduced from 7.6% early this year to 4%, the lowest of Rivian’s 2021 IPOs.
Stock ownership shift has no effect on the business or operation of Rivian, according to the company.
In an official statement used in TechCrunch, a spokesman said “RJ and Meagan ended their divorce. They continue to put together service their children. “
The settlement comes in a pivotal period for Rivian. Rivian also appreciated R1S SUV and R1T truck to a bid to reduce the cost of manufacturing, while improving the performance of the main vehicles. However, the company is banking the next addition of its lineup – the expected R2 SUV with a $ 45,000 price – at Growth. That car does not sell until the first half of 2026.
The Rivian’s ownership structure has moved since IPO by 2021. At that time, Amazon and Ford were one of the greatest concerns. Now, Ford is not at all And the Volkswagen group emerged as a major player.
In the late 2024, Rivian entered a Joint Venture Valued by $ 5.8 Billion with Volkswagen focused on software and electrical architecture. Rivian provides technology and employee in joint venture, while Volkswagen mostly contributes money to the form of partial purchases.
As a result, the German Automotive Giant now has 12.3% of Rivian, According to a recent filing. That puts it slightly behind Amazon, owning 14.2% of Rivian as April 2025 proxy filing. That’s enough to give Amazon more powerful to vote for any shareholder: 13.3%. (Ford’s price and T. Rowe also used large shareholders after IPO, but since their stakes sold.)
Scaring Stake Stake in Rivian is 2% before divorce settlement, according to proxy filing. But he has a 7.6% part of the voting power, thanks to the stock class, with 10 votes per part. .
Unlike many high-profile tech founders, scaringe doesn’t have a lot of post-IPO worth. The majority he used was 9.2% of 2022. That number remained unchanged at 2023, fell by 8,74, and after 724 of 1925 after prowswagen investment.
The stock class attached to the settlement automatically converted into class a stock, Scaringe’s mean ex-wife is unlikely to vote other shareholders if he continues to hold. A lawyer who represents him does not respond to a request for comment sent by the weekend.
CEO and FOUNDER still control a mix of about 50 million parts, options, and restricted stock units, or RSUs. As the perfect vests, his ownership of stake and voting of power can return.
The scaringe built Rivian in 2009, and he married in 2014. He took the public in Rivian in 2021.
The records obtained from the Orange County Superial Court shows that he filed for divorce on October 2023, with his wife who agreed to separate another submission of a month later.
