ARAI Form 4: Kevin McAdams Granted 7,292 Shares for Board Service
Rhea-AI Filing Summary
Arrive AI Inc. director Kevin McAdams reported a compensatory issuance of 7,292 shares of common stock for board service on 10/06/2025, paid with $0.00 consideration. After the issuance, Mr. McAdams beneficially owns 16,241 shares. The Form 4 was filed individually and signed by an attorney-in-fact on 10/08/2025. The filing notes the shares were granted explicitly for director service in 2025 and includes an exhibit for a power of attorney. No cash proceeds, option exercises, dispositions, or derivative transactions are reported.
Positive
- 7,292 shares issued as compensatory board compensation increases director alignment
- Beneficial ownership disclosed clearly: 16,241 shares after the transaction
- Form 4 timely filed and includes an exhibit for power of attorney
Negative
- No cash consideration (issued for $0.00) may be dilutive depending on total outstanding shares
- No detail on vesting or restrictions in the filing, limiting clarity on effective ownership rights
Insights
Director received equity compensation for board service; ownership now disclosed.
The director grant of 7,292 shares at no cash cost is a standard form of non‑cash compensation commonly used to align board members with shareholder interests. This increases his reported beneficial ownership to 16,241 shares, making his equity stake transparent for Section 16 monitoring.
The primary dependencies are the company’s equity program terms and any future dilution from additional grants or financings; monitor subsequent Section 16 filings for further changes within the next 12 months.
Form 4 documents a compensatory issuance and a power of attorney filing.
The filing indicates the transaction was compensatory (no cash consideration) and was reported using a power of attorney signature, which is common practice. It shows compliance with Section 16 reporting by disclosing date of transaction (
Key compliance items to watch are whether future filings disclose vesting, restrictions, or additional compensatory issuances that could materially change insider ownership over the next fiscal year.