Company: ARAI
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023457
Chunk: 28

Company: Arrive AI Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 28
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 stock price
                                            on the day the shares were exercised.

    - 23 -

ARRIVE
                                            AI INC. 

NOTES
                                            TO FINANCIAL STATEMENTS (Continued)

  15.
  STOCKHOLDERS’ EQUITY
  (Continued)

Common
Stock (Continued)

h)532,913
                                            shares issued to a consultant via stock awards, recognized as deferred offering costs, fair
                                            valued at $13.00 per share, for a total of $6,927,869, based on the price per stock issued
                                            to investors for cash.

i)92,673
                                            shares issued with a consultant as settlement of legal expenses incurred in prior periods,
                                            fair valued at $13.00 per share, for a total of $1,204,737, based on the price per stock
                                            issued to investors for cash.

j)1,207,355
                                            shares issued, with a fair value of $4,125,000, as a conversion of $4,125,000 notes payable,
                                            as described in Note 12.

,

Share
Repurchase Program

On
September 8, 2025, the Company announced a new share repurchase program (the “Repurchase Program”), pursuant to which the
Company may purchase up to $10 million of its common stock through March 31, 2026.

Share
repurchases under the Repurchase Program may be made from time to time through various means, including open market purchases, privately
negotiated transactions, and/or pursuant to Rule 10b5-1 trading plans, in each case in accordance with Rule 10b-18 under the Securities
Exchange Act of 1934. The timing, volume, and nature of share repurchases pursuant to the Repurchase Program are at the discretion of
management and may be suspended or discontinued at any time. Shares repurchased under the Repurchase Program are held for sale and are
included in the category of treasury stock.

The
following table sets forth the Company’s share repurchases:

SCHEDULE OF SHARES REPURCHASE 

    Three
    and nine months ended September 30, 2025 
  
    Total number of shares repurchased 
     19,700 
  
    Amount repurchased 
    $74,743 
  
    Average price per share 
    $3.79 

Share
repurchases for the three months ended September 30, 2025 were made on the open market