Company: ARAI
Filing Date: 2025-03-24
Form Type: S-1/A
Source: 0001641172-25-000350
Chunk: 184

Company: Arrive AI Inc.
Filing Date: 2025-03-24
Form: S-1/A
Chunk 184
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| F-25 |

ARRIVE AI INC.

(FORMERLY ARRIVE TECHNOLOGY INC.)

NOTES TO FINANCIAL STATEMENTS (Continued)

| 14. | EQUITY                     
 INCENTIVE PLAN (Continued) |

The following is a summary of share options (on a post-reverse split basis) vested and exercisable at December 31, 2024:

| Share Options |     | Weighted       
 Average        
 Exercise Price |      |     | Weighted Average Remaining Contractual Life-Years |     |     | Aggregate Intrinsic Value |           |
|:--------------|:----|:---------------|-----:|:----|:--------------------------------------------------|----:|:----|:--------------------------|----------:|
| 169,829       |     | $              | 0.80 |     |                                                   | 8.9 |     | $                         | 2,056,845 |

The following is a summary of the changes in nonvested share options (on a post-reverse split basis) as of December 31, 2024:

|                                             |     | Share Options |         |   |     | Weighted              
 Average               
 Grant Date Fair Value |       |
|:--------------------------------------------|:----|:--------------|--------:|:--|:----|:----------------------|------:|
| NONVESTED SHARE OPTIONS - DECEMBER 31, 2023 |     |               | 494,105 |   |     | $                     | 10.80 |
| Granted                                     |     |               |  45,565 |   |     |                       | 11.80 |
| Vested                                      |     |               | (86,665 | ) |     |                       | 10.89 |
| Cancelled                                   |     |               |    (130 | ) |     |                       | 10.30 |
| NONVESTED SHARE OPTIONS - DECEMBER 31, 2024 |     |               | 452,875 |   |     | $                     | 10.89 |

There were 45,565 options (on a post-reverse split basis) granted during the year ended December 31, 2024 and each option had an average grant date fair value of $11.80 per share (as adjusted for the 1-for-4 reverse split). As of December 31, 2024, there was $4,930,679 unrecognized compensation expense related to nonvested stock options