Company: ARAI
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023457
Chunk: 30

Company: Arrive AI Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 30
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 as an expense over the vesting period of the award. Option awards are generally granted with an exercise price equal to
the fair market value of the Company’s stock at the date of grant, vest over a four-year period, and expire after ten years. There
are certain situations that may accelerate the vesting or termination of all outstanding options, such as a change in control. As of
September 30, 2025, 854,042 shares were available for grant. The compensation expenses related to incentive units is included in general
and administrative expenses with a corresponding increase to additional paid-in-capital.

    - 25 -

ARRIVE
                                            AI INC. 

NOTES
                                            TO FINANCIAL STATEMENTS (Continued)

17.EQUITY
                                            INCENTIVE PLAN (Continued)

The
following table summarizes the options outstanding as of September 30, 2025:

SCHEDULE
OF SHARE OPTIONS OUTSTANDING 

    Share
    Options Outstanding  
    Weighted
    Average Exercise Price  
    Weighted
    Average Grant Date Fair Value  
    Weighted
    Average Remaining Contractual Term (years)  
    Aggregate
    Intrinsic Value 

    BALANCE, DECEMBER 31, 2024 
     614,704  
    $0.80  
    $10.88  
     8.87  
    $7,322,656 

    Granted 
     -  
     -  
     -  
     -  
     - 
  
    Exercised 
     (1,251) 
     0.76  
     10.30  
     -  
     - 
  
    Canceled/Expired 
     (4,135) 
     0.76  
     11.69  
     -  
     - 

    BALANCE, SEPTEMBER 30, 2025 
     609,318  
    $0.80  
    $10.87  
     8.12  
    $1,731,782 

    EXERCISABLE, SEPTEMBER 30, 2025 
     226,590  
    $0.80  
    $10.87  
     8.12  
    $643,211 

The
following table summarizes the nonvested