German Manager Magazin: Rivian: RJ Scaringe gives corporate share for divorce AB004317

It is nothing new that shares in millions or even billion dollars can easily change the fact that shares in millions or even billions of bills can easily change. So it was in 2019 in the divorce of Amazon-Founder Jeff Bezos (61), whose wife Mackenzie Bezos (today Scott, 55) in one fell swoop received on Amazon – for a price of around $ 38 billion.

At carmaker Rivian, with the Volkswagen A joint venture operates and whose second largest shareholder the Wolfsburgers are now, the similar is now happening. However, to a significantly smaller extent.

Like the industry sheet Techcrunch 

citing SEC documents 

reports, Rivian founder and CEO RJ Scaringe (42) transferred around 4 million shares and 6 million options to them on July 9 in the course of the divorce from his ex-wife Meagan Scaringe. A stock package that is currently a value of $ 130 million. As a result, Scaringe’s voting rights fell from 7.6 percent at the beginning of the year to around 4 percent, the lowest level since Rivian’s IPO in 2021.

Scaringe’s share of ownership of Rivian, however, is significantly lower and has also dropped significantly with the Volkswagen investment since 2022. Before the divorce agreement, he was 2 percent, as Techcrunch reported on a proxy report.

However, Scaringe’s now ex-wife should not be an important player: According to the technology portal, their class-B shares, which give 10 votes per share, were converted into simple class A shares.

A spokesman confirmed the divorce and emphasized that Scaringe and his ex -wife would take care of their three children together.

Trump is becoming more and more a burden

For scaring, times are not only privately challenging. The carmaker recently presented a new high-performance luxury four-wheel drive. As well as a new navigation with Google-Maps. However, the r2, which is significantly more favorable with around $ 45,000 and planned for 2026, is still a long time coming.

The location for the electric car maker with the new government has not become easier. The Trump government in its “Big Beautiful Bill” not only stroked discounts for electric car buyers. Rivian also has to and wants to be expanded when expanding the electricity tank network because of the lack of engagement by the Trump government Now invest more. 

And with it indirectly also Volkswagen. With a share of 12.3 percent, the Wolfsburgers have recently increased to the second largest shareholder of Rivian, behind Amazon, who, according to the last proxy report, hold 14.2 percent of Rivian.

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