Company: ARAI
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023457
Chunk: 72

Company: Arrive AI Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 8
Chunk 72
---
ABLE, SEPTEMBER 30, 2025 
     226,590  
    $0.80  
    $10.87  
     8.12  
    $643,211 

The
following table summarizes the nonvested share options for the nine months ended September 30, 2025:

SCHEDULE
OF NONVESTED SHARE OPTION 

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

    BALANCE, DECEMBER 31, 2024 
     452,875  
    $0.80  
    $10.89  
     8.88  
    $5,396,007 

    Vested 
     (66,737) 
     0.79  
     10.92  
     8.15  
     190,042 
  
    Canceled/Expired 
     (3,079) 
     0.76  
     12.38  
     -  
     - 

    BALANCE, SEPTEMBER 30, 2025 
     382,729  
    $0.80  
    $10.87  
     8.13  
    $1,088,571 

The
aggregate intrinsic value is calculated as the difference between the exercise price of the underlying share options and the closing
stock price of $3.64 for the Company’s common shares on September 30, 2025 and the closing stock price of $12.71 for the Company’s
common shares on December 31, 2024.

    - 26 -

ARRIVE
                                            AI INC. 

NOTES
                                            TO FINANCIAL STATEMENTS (Continued)

17.EQUITY
                                            INCENTIVE PLAN (Continued)

There
were no options granted during the nine months ended September 30, 2025. As of September 30, 2025, there was $4,161,913 unrecognized
compensation expense related to nonvested stock options to be recognized through June 30, 2028. Total compensation expense related to
stock options during the three and nine months ended September 30, 2025