Company: ARAI
Filing Date: 2025-01-27
Form Type: S-1/A
Source: 0001493152-25-003660
Chunk: 197

Company: Arrive AI Inc.
Filing Date: 2025-01-27
Form: S-1/A
Chunk 197
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 for a total 
 of $147,825, based on the price per stock issued to investors for cash during the nine month 
 ended September 30, 2024.                                                                    |

For the nine months ended September 30, 2023, the Company issued 159,378 shares of common stock, as follows (on a post-reverse split basis):

| a) | 10,000                                                                                     
 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 fair value of  
 common stock at the grant date.                                                            |

| b) | 7,500                                                                                            
 restricted shares in January, June and September 2023, subject to a milestone-based vesting      
 schedule, with shares vesting ratably over seven milestones, recognized as compensation expense. 
 The shares were valued at $10.48 per share (as adjusted for the 1-for-4 reverse split) based     
 on the price per stock issued to investors for cash during the nine months ended September       
 30, 2023.                                                                                        |

| c) | 22,834                                                                                     
 shares issued with employees or consultants via stock awards, recognized as compensation   
 expense, valued at $10.48 per share (as adjusted for the 1-for-4 reverse split) based on   
 the price per stock issued to investors for cash during the nine month ended September 30, 
 2023.                                                                                      |

| d) | 87,169                                                                                       
 shares issued through a crowdfunding campaign with other investors in January, February,     
 March, April, May and July 2023 in exchange for net cash of $782,704, at an average of $8.96 
 per share (as adjusted for the 1-for-4 reverse split).                                       |

| e) | 31,875                                                                                      
 shares in January, May, June, July and August 2023 with accredited investors in exchange    
 for cash of $332,994 at an average of $10.48 per share (as adjusted for the 1-for-4 reverse 
 split).                                                                                     |

Treasury Stock

The Company recognizes treasury stock based on the amount paid to repurchase its shares and is recorded as a reduction of stockholders’ equity on the balance sheets. As treasury stock is