Company: ARAI
Filing Date: 2025-03-24
Form Type: S-1/A
Source: 0001641172-25-000350
Chunk: 177

Company: Arrive AI Inc.
Filing Date: 2025-03-24
Form: S-1/A
Chunk 177
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 the year ended December 31, 2024.                                                              |

For the year ended December 31, 2023, the Company issued and cancelled 365,113 and 1,125,000 shares of common stock, respectively, as follows (on a post-reverse split basis):

| a) | 13,334                                                                                      
 restricted shares, subject to a time-based vesting schedule which began July 1, 2021, with  
 shares vesting quarterly (3,333 per quarter), recognized as compensation expense, valued    
 at $0.84 per share (as adjusted for the 1-for-4 reverse split) based on the prevailing fair 
 market value report at the grant date.                                                      |

| b) | 76,360                                                                                                                                   
 shares issued with employees or consultants via stock awards, subject to a performance threshold                                         
 and time-based vesting schedule, recognized as compensation expense,                                                                     
 valued at $11.08 per share (as adjusted for the 1-for-4 reverse split) based on the average price per stock issued to investors for cash 
 in 2023.                                                                                                                                 |

| c) | 8,750                                                                                         
 restricted shares in January 2023, subject to a milestone-based vesting schedule, with shares 
 vesting ratably over seven milestones, recognized as compensation expense. The shares were    
 valued at $11.08 per share (as adjusted for the 1-for-4 reverse split) based on the average   
 price per stock issued to investors for cash in 2023.                                         |

| F-21 |

ARRIVE AI INC.

(FORMERLY ARRIVE TECHNOLOGY INC.)

NOTES TO FINANCIAL STATEMENTS (Continued)

| 12. | STOCKHOLDERS’      
 EQUITY (Continued) |

Common Stock (Continued)

| d) | 34,800                                                                                    
 shares during 2023 (January, May, July, August, and October) with accredited investors in 
 exchange for $389,753 at $11.20 per share (as adjusted for the 1-for-4 reverse split).    |

| e) | 5,715                                                                                    
 shares in June 2023 with an accredited investor in exchange for cash of $40,002 at $7.00 
 per share (as adjusted for the 1-for-4 reverse split).                                   |

| f) | 87,495                                                                                        
 shares through a crowdfunding campaign with other investors in 2023 in exchange for