Company: ARAI
Filing Date: 2025-07-15
Form Type: S-1/A
Source: 0001641172-25-019572
Chunk: 223

Company: Arrive AI Inc.
Filing Date: 2025-07-15
Form: S-1/A
Chunk 223
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years) |      |     | Aggregate       
 Intrinsic Value |         |
|:------------------|:----|:------------|--------:|:--|:----|:-----------------------|------:|:----|:------------------------------|-----:|:----|:-------------------------------------------|-----:|:----|:----------------|--------:|
| BALANCE,          
 DECEMBER 31, 2024 |     |             | 227,547 |   |     | $                      | 10.08 |     | $                             | 4.76 |     |                                            | 0.97 |     | $               | 598,993 |
| Granted           |     |             |   7,692 |   |     |                        | 11.00 |     |                               | 8.55 |     |                                            | 3.95 |     |                 |  15,384 |
| Exercised         |     |             | (62,500 | ) |     |                        |  9.52 |     |                               | 3.84 |     |                                            |    - |     |                 |       - |
| BALANCE,          
 MARCH 31, 2025    |     |             | 172,739 |   |     | $                      | 10.32 |     | $                             | 5.26 |     |                                            | 1.15 |     | $               | 462,866 |

The aggregate intrinsic value is calculated as the difference between the exercise price of the underlying warrants and the closing stock price of $ 13.00for the Company’s common shares on March 31, 2025 and the closing stock price of $ 12.71for the Company’s common shares on December 31, 2024.

15. EQUITY INCENTIVE PLAN

The Company created the 2023 Equity Incentive Plan (the Plan) on April 27, 2023, under which shares of common stock became available for issuance not to exceed 1,500,000. The Stock Plan is designed to attract, retain, and motivate key employees. Currently, the fair value is recognized 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 five-year period, and expire after ten years. There are certain situations that may accelerate the vesting or termination of