The founder and CEO of RJ SCARINGE transferred part of his share in the monarchy and the voting power as part of the newly settled divorce, according to my organization. presentation.
Scaring moves about 4 million shares and 6 million options for his ex -wife, Meagan Scaring, on July 9 as part of the settlement, the deposit appears. At the current Rivian share price, these shares and options can be equal to approximately $ 130 million, although the strike prices are varying that will affect the total return if sold. The court documents show that the change in stock ownership comes at the end of the divorce procedures for two years.
Scaring has more than 15 million category shares and about 8 million category B shares when the annual company has provided Agent report April 29. As a result of transportation, the SCARINE voting force decreased from 7.6 % earlier this year to about 4 %, the lowest level since the public subscription in Rivian 2021.
The shift in stock ownership has no effect on Rivian’s business or operations, according to the company.
In an official e -mail statement to Techcrunch, a spokesman for “RJ and Meagan ended the divorce. Their children. “
The settlement comes at a pivotal time for the Rivian. Rivian re -designed the R1S SUV truck and the R1T truck in an attempt to reduce manufacturing costs, while improving the performance of its leading cars. However, the company is due to the next addition to the team – the very expected R2 SUV that has a basic price of $ 45,000 – to Sales grow. This car will not be sold until the first half of 2026.
Rivian’s royal structure has turned since the subscription in 2021. At that time, Amazon and Ford were among the largest stakeholders. today, Ford is basically outside The Volkswagen group appeared as a major player.
In late 2024, he entered rural A joint venture of $ 5.8 billion With Volkswagen focus on software and electrical architecture. Rivian has provided technology and employees to the joint project, while Volkswagen has largely contributed to the funds in the form of transferred stocks and debt debt.
As a result, the German auto giant now has 12.3 % of Rivian, According to submitting a recent file. This puts it behind a little Amazon, which has 14.2 % of Remin as from the April 2025 agent file. This is sufficient to give Amazon the most powerful voting power to any one shareholder: 13.3 %. (Ford and T
SCARING ownership in Rivian was 2 % before the divorce settlement, according to the offering of the agent. But he got a 7.6 % stake in voting power, partly due to the B. Category, which comes with 10 votes per share. (Rivian’s class A comes only with one vote for one share.) Transforming shares and choices in the settlement reduces the voting salad to about 4 %.
Unlike many prominent technology founders, Scaring has never had a huge amount of voting force. It was mostly used by 9.2 % in 2022. This figure remained unchanged in 2023, decreased to 8.7 % in 2024, and again to 7.6 % in 2025 after Volkswagen investment.
Category B shares in the settlement are automatically converted into a category A, which means that the former SCARING wife may have a great voting force for other shareholders if she maintains reservation. A lawyer who represented her did not respond to a request for comment sent during the weekend.
The CEO and the founder still controls a mixture of about 50 million shares, options and restricted stock units, or RSU. As this jacket is completely, its ownership and voting power can return.
He founded Scaring Rivian in 2009, and was married in 2014. He took over the rural audience in 2021.
The records obtained from the Supreme Court in Orange County show that he applied for divorce in October 2023, when his ex -wife agreed to separate in another file after one month.
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