Arrive AI (ARAI) director receives 87,413 RSUs under 2023 equity plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Fitz Michael Todd reported acquisition or exercise transactions in this Form 4 filing.
Arrive AI Inc. director Michael Todd Fitz received a grant of restricted stock units as equity compensation. The award covers 87,413 RSUs, each representing one share of common stock, and was granted on July 6, 2026 under the company’s 2023 Equity Incentive Plan.
These RSUs vest on June 30, 2027, meaning Todd will receive the underlying common shares if the vesting conditions are satisfied by that date. After this grant, his reported holdings from this award total 87,413 shares, and the units do not have a traditional expiration date; they either vest or are canceled before the vesting date.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Fitz Michael Todd
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Award | 87,413 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Award — 87,413 shares (Direct, null)
Footnotes (1)
- Restricted Stock Units (RSUs) were granted on July 6, 2026, which vest on June 30, 2027. The RSUs have been issued pursuant to the Company's 2023 Equity Incentive Plan. The RSUs do not expire, they either vest or are canceled prior to vesting date.
Key Figures
RSUs granted: 87,413 units
Underlying common shares: 87,413 shares
Vesting date: June 30, 2027
+2 more
5 metrics
RSUs granted
87,413 units
Restricted Stock Units granted July 6, 2026
Underlying common shares
87,413 shares
Each RSU represents one share of common stock
Vesting date
June 30, 2027
RSUs vest on this date if conditions are met
Shares after transaction
87,413 shares
Total reported holdings from this award after grant
Grant price
$0.00 per unit
Equity award granted at no cash cost to director
Key Terms
Restricted Stock Units (RSUs), 2023 Equity Incentive Plan, Form 4
3 terms
Restricted Stock Units (RSUs) financial
"Restricted Stock Units (RSUs) were granted on July 6, 2026, which vest on June 30, 2027."
Restricted stock units (RSUs) are a type of company promise to give employees shares of stock in the future, usually after certain conditions like working for a set time. They are like a gift promised today that you receive later, which can become valuable if the company's stock price goes up. RSUs matter because they are a way companies reward employees and can be a significant part of compensation.
2023 Equity Incentive Plan financial
"The RSUs have been issued pursuant to the Company's 2023 Equity Incentive Plan."
Form 4 regulatory
"INSIDER FILING DATA (Form 4):"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What did Arrive AI (ARAI) director Michael Todd Fitz report on this Form 4?
He reported receiving a grant of restricted stock units. The award covers 87,413 RSUs, each tied to one Arrive AI common share, as equity compensation granted under the company’s 2023 Equity Incentive Plan on July 6, 2026.
How many restricted stock units did the Arrive AI (ARAI) director receive?
The director received 87,413 restricted stock units. Each unit corresponds to one share of Arrive AI common stock, and this full amount is shown as his holdings following the transaction in the Form 4 insider filing.
When do the Arrive AI (ARAI) restricted stock units granted to the director vest?
The RSUs granted to the director vest on June 30, 2027. If the vesting conditions are met by that date, the units convert into shares of common stock; otherwise, they can be canceled before vesting.
Were the Arrive AI (ARAI) restricted stock units granted under an equity plan?
Yes, the RSUs were issued under Arrive AI’s 2023 Equity Incentive Plan. This plan governs how equity awards like restricted stock units are granted to directors, executives, and employees as part of their overall compensation.
Do the Arrive AI (ARAI) restricted stock units reported on this Form 4 expire?
The filing states the RSUs do not expire in a traditional sense. Instead, they either vest on June 30, 2027, delivering shares of common stock, or are canceled if vesting conditions are not met before that date.