Rivian Ceo Rj Scaringe’s Voting Control Slips Following Divorce Settlement 

Rivian laminitis and CEO RJ Scaringe has transferred a information of his ownership liking and voting powerfulness arsenic portion of a newly-settled divorcement proceeding, according to a regulatory filing. 

Scaringe moved astir 4 cardinal successful shares and 6 cardinal successful options to his ex-wife, Meagan Scaringe, connected July 9 arsenic portion of nan settlement, nan filing shows. At Rivian’s existent banal price, those shares and options could beryllium worthy astir $130 million, though they person varying onslaught prices that would impact nan full return if sold. The alteration successful banal ownership comes astatine nan extremity of a two-year-long divorcement proceeding, tribunal documents show.

Scaringe owned much than 15 cardinal shares of Class A banal and astir 8 cardinal Class B shares erstwhile nan institution submitted its yearly proxy study April 29. As a consequence of nan transfer, Scaringe’s voting powerfulness has slipped from 7.6% earlier this twelvemonth to astir 4%, nan lowest since Rivian’s 2021 IPO.

The displacement successful banal ownership doesn’t person an effect connected Rivian’s business aliases operations, according to nan company.

In an charismatic connection emailed to TechCrunch, a spokesperson said “RJ and Meagan finalized their divorce. They will proceed to prioritize co-parenting their children.”

The colony comes astatine a pivotal clip for Rivian. Rivian has redesigned its R1S SUV and R1T motortruck successful a bid to little manufacturing costs, while improving capacity of its flagship vehicles. However, nan institution is banking connected nan adjacent summation to its lineup — nan highly anticipated R2 SUV that has a $45,000 guidelines value — to grow sales. That conveyance won’t spell connected waste until nan first half of 2026. 

The ownership building of Rivian has shifted since its IPO successful 2021. At that time, Amazon and Ford were among nan largest stakeholders. Today, Ford is fundamentally retired and Volkswagen Group has emerged arsenic a awesome player.

In precocious 2024, Rivian entered into a associated task weighted astatine $5.8 billion pinch Volkswagen focused connected package and electrical architecture. Rivian has provided exertion and labor to nan associated venture, while Volkswagen has mostly contributed money successful nan shape of stock purchases and convertible debt.

As a result, nan German automotive elephantine now owns 12.3% of Rivian, according to a caller filing. That puts it somewhat down Amazon, which owned 14.2% of Rivian arsenic of nan April 2025 proxy filing. That’s capable to springiness Amazon nan astir voting powerfulness of immoderate azygous shareholder: 13.3%. (Ford and T. Rowe Price besides utilized to beryllium awesome shareholders aft nan IPO, but person since sold down their stakes.) 

Scaringe’s ownership liking successful Rivian was 2% anterior to nan divorcement settlement, according to nan proxy filing. But he had a 7.6% stock of nan voting power, acknowledgment successful portion to nan Class B stock, which comes pinch 10 votes per share. (Rivian’s Class A banal only comes pinch 1 ballot per share.) The transportation of shares and options successful nan colony cuts his voting powerfulness to astir 4%. 

Unlike galore high-profile tech founders, Scaringe ne'er had a tremendous magnitude of voting powerfulness post-IPO. The astir he wielded was 9.2% successful 2022. That fig remained unchanged successful 2023, fell to 8.7% successful 2024, and again to 7.6% successful 2025 pursuing nan Volkswagen investment.

The Class B banal included successful nan colony was automatically converted into Class A stock, meaning Scaringe’s ex-wife will not apt person overmuch voting powerfulness comparative to different shareholders if she maintains nan holding. A lawyer representing her did not respond to a petition for remark sent complete nan weekend. 

The CEO and laminitis still controls a operation of astir 50 cardinal shares, options, and Restricted Stock Units, aliases RSUs. As those afloat vest, his ownership liking and voting powerfulness could spell backmost up. 

Scaringe founded Rivian successful 2009, and he was joined successful 2014. He took Rivian nationalist successful 2021. 

Records obtained from Orange County Superior Court show that he revenge for divorcement successful October 2023, pinch his ex-wife agreeing to abstracted successful different filing 1 period later.