McAdams Kevin Lewis 4

What Happened

• Kevin McAdams, a director of Arrive AI Inc. (ARAI), was granted 47,052 restricted stock units (RSUs) on March 31, 2026. The award is reported as a derivative acquisition at $0 on the Form 4 (an equity award, not a cash purchase).

Key Details

• Transaction type: Grant / Award (Form 4 code A — RSUs)
• Transaction date: 2026-03-31; Reported acquisition: 47,052 RSUs @ $0.00 (no cash paid)
• Vesting: RSUs vest on 2027-03-31 (one-year cliff per footnote)
• Plan: Issued under the Company’s 2023 Equity Incentive Plan
• Expiration: RSUs do not expire; they either vest or are cancelled prior to vesting (per footnote)
• Shares owned after transaction: Not disclosed in the filing
• Timeliness: No late filing indicated in the provided filing details

Context

• RSUs are a form of deferred equity: they convert into common shares if and when they vest. This grant is an award to management/board rather than an open-market purchase or sale, so it reflects compensation/retention rather than a direct buy or sell signal.
• Because the grant was reported as $0 (standard for RSU awards), the Form 4 doesn’t show market value — to estimate economic value, multiply 47,052 by the stock price at grant or vesting date.
• This transaction involves a director (insider), not an institutional 10% owner or a purchase; such grants are common for alignment and retention.