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ARAI Form 4: Director Kevin McAdams receives common stock for board service

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Arrive AI Inc. director Kevin Lewis McAdams reported issuance of common stock as director compensation. On 06/23/2025 he received 7,693 shares and on 06/30/2025 he received 856 shares, both issued for $0.00, bringing his beneficial ownership to 8,949 shares direct. The filing notes these shares were issued for his board service in 2025 and discloses the Form 4 was filed late due to an inadvertent administrative error. The form is signed by an attorney-in-fact on behalf of Mr. McAdams on 09/03/2025.

Positive

  • Director compensation disclosed as equity, aligning management and shareholder interests
  • Filing explains the late submission as an inadvertent administrative error

Negative

  • Form 4 was filed late, indicating a lapse in timely Section 16 reporting procedures
  • No attached detail in this filing about the board approval or plan authorizing the grants

Insights

TL;DR: Director received equity for board service; late filing disclosed as administrative error.

The report shows non-cash director compensation via issuance of common stock: 7,693 shares on 06/23/2025 and 856 shares on 06/30/2025, totaling 8,549 shares issued and 8,949 shares beneficially owned after prior holdings. Issuances at $0.00 are standard for equity awards to directors but should be documented in board compensation policies or proxy materials for transparency. The late filing is attributed to an administrative error; firms typically need timely Section 16 reporting to avoid potential delinquency issues.

TL;DR: Transaction types are non-derivative, direct ownership; reporting delay acknowledged.

The Form 4 lists only non-derivative common stock acquisitions coded as 'A' with direct ownership. No exercise prices or derivative instruments are reported. The explicit remark that the transactions were reported late signals a record-keeping or filing-process lapse rather than a substantive trading event. Compliance teams should confirm documentation supporting the compensation grant and remediate any process gaps to prevent future late reports.

Insider McAdams Kevin Lewis
Role Director
Type Security Shares Price Value
Grant/Award Common Stock 856 $0.00 --
Grant/Award Common Stock 7,693 $0.00 --
Holdings After Transaction: Common Stock — 8,949 shares (Direct)
Footnotes (1)
  1. [object Object]
SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
McAdams Kevin Lewis

(Last) (First) (Middle)
12175 VISIONARY WAY

(Street)
FISHERS, IN 46038

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Arrive AI Inc. [ ARAI ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
06/23/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 06/23/2025 A 7,693(1) A $0 8,093 D
Common Stock 06/30/2025 A 856(1) A $0 8,949 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. These shares were issued to the Reporting Person for his service to the Issuer's board of directors in 2025, in return for $0.00 in consideration.
Remarks:
Exhibit 24 - Power of Attorney. These transactions are being reported late due to an inadvertent administrative error.
/s/ Todd Pepmeier as Attorney-in-Fact for Kevin McAdams 09/03/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What shares did Kevin McAdams receive according to the ARAI Form 4?

He received 7,693 shares on 06/23/2025 and 856 shares on 06/30/2025, both issued for $0.00.

How many ARAI shares does Kevin McAdams beneficially own after these transactions?

The filing reports total beneficial ownership of 8,949 shares following the reported transactions.

Why was the ARAI Form 4 filed late?

The filing includes a remark stating the transactions are being reported late due to an inadvertent administrative error.

Were any derivative securities reported for Kevin McAdams in this Form 4?

No. Table II shows no derivative securities were reported; only non-derivative common stock acquisitions are listed.

Who signed the Form 4 for Kevin McAdams?

The Form 4 was signed by Todd Pepmeier as Attorney-in-Fact for Kevin McAdams on 09/03/2025.