Rivian creator and chief executive officer RJ Scaringe has actually moved a part of his possession risk and ballot power as component of a recently resolved separation case, according to a governing filing
Scaringe stired 4 million in shares and 6 million in alternatives to his ex-wife, Meagan Scaringe, on July 9 as component of the negotiation, the declaring reveals. At Rivian’s present supply cost, those shares and alternatives can be worth about $130 million, though they have differing strike rates that would certainly impact the complete return if marketed. The modification in supply possession comes with completion of a two-year-long separation case, court records reveal.
Scaringe possessed greater than 15 million shares of Course A supply and almost 8 million Course B shares when the business sent its yearly proxy report April 29. As an outcome of the transfer, Scaringe’s ballot power has actually slid from 7.6% previously this year to about 4%, the most affordable considering that Rivian’s 2021 IPO.
The change in supply possession does not have an influence on Rivian’s organization or procedures, according to the business.
In a main declaration emailed to TechCrunch, an agent claimed “RJ and Meagan completed their separation. They will certainly remain to focus on co-parenting their kids.”
The negotiation comes with an essential time for Rivian. Rivian has actually revamped its R1S SUV and R1T vehicle in a proposal to reduced production prices, while boosting efficiency of its front runner automobiles. Nonetheless, the business is counting on the following enhancement to its schedule– the extremely expected R2 SUV that has a $45,000 base cost– to grow sales. That lorry will not take place sale till the initial fifty percent of 2026.
The possession framework of Rivian has actually moved considering that its IPO in 2021. Back then, Amazon and Ford were amongst the biggest stakeholders. Today, Ford is essentially out and Volkswagen Team has actually become a significant gamer.
In late 2024, Rivian participated in a joint venture valued at $5.8 billion with Volkswagen concentrated on software program and electric design. Rivian has actually offered modern technology and staff members to the joint endeavor, while Volkswagen has actually mainly added cash in the kind of share acquisitions and exchangeable financial debt.
Because of this, the German auto titan currently has 12.3% of Rivian, according to a recent filing. That places it somewhat behind Amazon, which possessed 14.2% of Rivian since the April 2025 proxy declaring. That suffices to provide Amazon one of the most electing power of any type of solitary investor: 13.3%. (Ford and T. Rowe Rate additionally made use of to be significant investors after the IPO, however have actually considering that marketed down their risks.)
Scaringe’s possession risk in Rivian was 2% before the separation negotiation, according to the proxy declaring. However he had a 7.6% share of the ballot power, many thanks partially to the Course B supply, which includes 10 ballots per share. (Rivian’s Course A supply just includes 1 ballot per share.) The transfer of shares and alternatives in the negotiation reduces his ballot power to about 4%.
Unlike several prominent technology owners, Scaringe never ever had an incredible quantity of electing power post-IPO. One of the most he possessed was 9.2% in 2022. That number continued to be the same in 2023, was up to 8.7% in 2024, and once more to 7.6% in 2025 adhering to the Volkswagen financial investment.
The Course B supply consisted of in the negotiation was instantly exchanged Course A supply, suggesting Scaringe’s ex-wife will certainly not likely have much ballot power about various other investors if she keeps the holding. An attorney representing her did not react to an ask for remark sent out over the weekend break.
The chief executive officer and creator still regulates a mix of around 50 million shares, alternatives, and Restricted Supply Units, or RSUs. As those completely vest, his possession risk and ballot power can return up.
Scaringe established Rivian in 2009, and he was wed in 2014. He took Rivian public in 2021.
Records gotten from Orange Area Superior Court reveal that he declared separation in October 2023, with his ex-wife consenting to divide in one more submitting one month later on.
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