Rivian Automotive CEO and founder RJ Scaringe has transferred approximately 4 million Class A shares and 6 million stock options to his former spouse, Meagan Scaringe, as part of a divorce settlement finalized earlier this month, according to a regulatory filing submitted to the U.S. Securities and Exchange Commission (SEC).
The transaction, dated July 9, reduces Scaringe’s voting power in the electric vehicle (EV) maker to around 4%, down from 7.6% earlier this year. The settlement marks the conclusion of a two-year divorce proceeding, as initially reported by TechCrunch.
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The SEC filing noted that “the securities owned by the former spouse are not beneficially owned by the Reporting Person,” and confirmed the automatic conversion of Class B shares into Class A shares upon transfer. The transferred options include grants with strike prices ranging between $2.63 and $21.72. Based on current market prices, the total value of the assets is estimated to be around $130 million, although the precise amount would depend on the options’ execution.
A Rivian spokesperson stated that the ownership change would not affect the company’s operations. “RJ and Meagan finalized their divorce. They will continue to prioritize co-parenting their children,” the spokesperson said.
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The development comes as Rivian reported a 22.7% year-on-year decline in second-quarter deliveries to 10,661 vehicles. Production for the quarter stood at 5,979 units, down 37.8% from the 9,612 vehicles manufactured a year ago. The company attributed the lower output to preparations for the launch of its 2026 model-year vehicles, expected later this month.
Despite the decline, Rivian reaffirmed its full-year delivery guidance, projecting 40,000 to 46,000 units in 2025. The R2 model, expected to start at $45,000, remains on schedule for launch in the first half of 2026. Rivian is slated to report its second-quarter financial results on August 5 after market close.