RJ Scaringe, founder and chief executive of Rivian, has transferred millions of shares and stock options to his former spouse as part of a divorce settlement.
The move has reduced his voting power in the U.S. electric vehicle maker to its lowest level since the company went public, as initially reported by the media outlet TechCrunch.
“Represents securities transferred to the Reporting Person’s former spouse pursuant to a divorce settlement,” the SEC filing reads “The securities owned by the former spouse are not beneficially owned by the Reporting Person.”
According to a regulatory filing made on Friday, Scaringe transferred approximately 4 million Class A shares and 6 million stock options to Meagan Scaringe on July 9.
At current market prices, the assets are estimated to be worth around $130mn, though the exact value would depend on the strike prices and timing of any sale.
The transfer marks the conclusion of a two-year divorce proceeding, according to court documents cited by TechCrunch.
Scaringe held more than 15 million Class A shares and nearly 8 million Class B shares as of April, when Rivian filed its annual proxy report. Following the settlement, his voting power has fallen from 7.6% earlier this year to roughly 4%.
The company said the change in beneficial ownership would not affect its operations. “RJ and Meagan finalized their divorce. They will continue to prioritize co-parenting their children,” a Rivian spokesperson told TechCrunch.
The SEC filing indicates the transferred Class B shares automatically converted into Class A shares upon transfer. The options transferred include grants with strike prices ranging from $2.63 to $21.72, according to the Form 4.
Rivian reported earlier this month that its second quarter vehicle deliveries fell 22.7% year on year to 10,661 units.
The company reiterated its 2025 delivery guidance and expects figures to range between 40,000 and 46,000 vehicles, indicating it estimates to deliver between 20,699 and 26,699 in the second half of the year.
The company produced 5,979 vehicles between April and June, down 37.8% from the 9,612 EVs manufactured a year ago.
Rivian noted that “production was limited during the second quarter in preparation for model year 2026 vehicles expected to launch later this month.”
Priced from $45,000, the R2 is scheduled to arrive in the first half of 2026.
The company will report its second quarter financial results on August 5, after market close.
