Company: ARAI
Filing Date: 2025-04-18
Form Type: S-1/A
Source: 0001641172-25-005394
Chunk: 216

Company: Arrive AI Inc.
Filing Date: 2025-04-18
Form: S-1/A
Chunk 216
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 Value |
|:--------|-------:|:----|:---------------|-----:|:----|:-----------------------------------------|----:|:----|----------------:|
|         | 72,051 |     | $              | 0.84 |     |                                          | 8.6 |     |        $776,998 |

The following is a summary of the changes in nonvested share options (on a post-reverse split basis) as of December 31, 2023:

| NONVESTED SHARE OPTIONS - 
 DECEMBER                  
 31, 2022                  |     | Share   
 Options |       - |   |     | Weighted              
 Average               
 Grant Date Fair Value |     - |
|:--------------------------|:----|:--------|--------:|:--|:----|:----------------------|------:|
| Granted                   |     |         | 569,331 |   |     |                       | 10.80 |
| Vested                    |     |         | (72,051 | ) |     |                       | 10.80 |
| NONVESTED SHARE           
 OPTIONS -                 
 DECEMBER 31, 2023         |     |         | 497,280 |   |     | $                     | 10.80 |

The weighted average grant date fair value of stock options issued during the year ended December 31, 2023 was $10.80 per share (as adjusted for the 1-for-4 reverse split). As of December 31, 2023, there was $5,375,246 unrecognized compensation expense related to nonvested stock options to be recognized over the remaining vesting period. No options were exercised during the year ended December 31, 2023.

13. RESEARCH AND DEVELOPMENT CREDITS

Under the Internal Revenue Service (IRS) Form 6765, the Company is eligible to claim a credit related to research and development expenses. The research credit is generally allowed for expenses paid or incurred for qualified research. Qualified research means research for which expenses may be treated as section 174 expenses. This research must be undertaken for discovering information that is technological in nature, and its application must be intended for use in developing a new or improved business component of the taxpayer. The payroll tax credit election is an annual election made by a qualified small business specifying the amount of research credit, not to exceed $250,000, that may be

| F-55 |

<div align='center'>ARRIVE TECHNO