09/15/2026 | Press release | Distributed by Public on 09/15/2026 19:51
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FORM 3
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | SEC 1473 (7-02) | ||
| 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 control number. | |||
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1. Title of Derivative Security (Instr. 4) |
2. Date Exercisable and Expiration Date (Month/Day/Year) |
3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) |
4. Conversion or Exercise Price of Derivative Security |
5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5) |
6. Nature of Indirect Beneficial Ownership (Instr. 5) |
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| Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
| Restricted Stock Units | (2) | (3) | Common Stock | 1,000,000 | $0 | D | |
| Reporting Owner Name / Address | Relationships | |||
| Director | 10% Owner | Officer | Other | |
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Phadke Piyush C/O ARRIVE AI, INC. 9100 FALL VIEW DRIVE FISHERS, IN 46037 |
CHIEF FINANCIAL OFFICER | |||
| /s/ Piyush Phadke | 09/15/2026 | |
| **Signature of Reporting Person | Date |
| * | If the form is filed by more than one reporting person, see Instruction 5(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). |
| (1) | Represents shares of Common Stock issuable upon vesting of 100,000 restricted stock units ("RSUs") granted pursuant to the reporting person's employment agreement dated August 10, 2026. These RSUs vest immediately upon issuance on September 10, 2026. |
| (2) | Represents 1,000,000 RSUs that vest over four years, with 25% vesting on the first anniversary of the grant date (September 10, 2027) and the remainder vesting in equal quarterly installments thereafter, subject to continued employment. |
| (3) | The RSUs do not expire, they either vest or are canceled prior to vesting date. |